Final week's momentum in Bitcoin (BTC) has all but faded as its price is in one case once more below the $39,000 level, with bears and bulls locked in a heated battle for market place authorization.

Information from Cointelegraph Markets Pro and TradingView shows that while Bitcoin price faltered, several altcoins like Voyager Token (VGX), Perpetual Protocol (PERP) and Terra (LUNA) saw double-digit gains.

Meridian 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro

VGX/USD

The top performer over the past 24 hours has been Voyager Token, the native asset of cryptocurrency brokerage platform Voyager, which offers retail and institutional investors a secure place to purchase, trade and lend crypto avails.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for VGX on July 31, prior to the contempo price ascension.

The VORTECS™ Score, sectional to Cointelegraph, is an algorithmic comparing of celebrated and electric current market conditions derived from a combination of data points, including marketplace sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. VGX price. Source: Cointelegraph Markets Pro

As seen on the chart in a higher place, the VORTECS™ Score for VGX climbed to a loftier of 75 on July 31, around 50 hours earlier the price increased 54% over the side by side day.

The sudden surge in momentum for VGX followed Voyager's acquisition of Coinify, a crypto trading platform, and the launch of the VGX web swap two.0 and staking portal.

PERP/USD

Perpetual Protocol, a decentralized perpetual contracts protocol that includes an on-chain decentralized exchange (DEX) and up to 10x leverage, was the 2d-best performer of the by 24 hours.

According to information from Cointelegraph Markets Pro, market place conditions for PERP have been favorable for some time.

VORTECS™ Score (green) vs. PERP price. Source: Cointelegraph Markets Pro

As seen on the chart above, the VORTECS™ Score for PERP began to pick up on June 29 and climbed to a high of 80 on July 31, around 48 hours before the price increased thirty% over the adjacent day.

The increase in price, likewise as trading book, comes on the heels of the release of Curie, the v2 upgrade of Perpetual Protocol, which "dramatically improves upper-case letter efficiency and increases fee capture for liquidity providers."

Related : Bitcoin cost dips beneath $38K, with bullish traders eyeing a new higher low next

LUNA/USD

The third elevation-performer of Aug. 3 is Terra, a protocol that specializes in fiat-pegged stablecoins, like TerraUSD (UST), to ability a price-stable global payment organization.

Data from Cointelegraph Markets Pro and TradingView shows that the price of LUNA has rallied 28% from a low of $eleven.xiii on Aug. two to an intraday high at $14.21 on Aug. 3 as its 24-hour trading volume increased by 58% to $714 million.

LUNA/USD 4-hour chart. Source: TradingView

Excitement for LUNA has been building since last week, following the addition of TerraUSD to DinoSwap, and has continued on Aug. 3, thanks to an ongoing community vote to whitelist bETH every bit collateral on Anchor Protocol, which will bring Ether (ETH) staking rewards to the Anchor ecosystem.

The views and opinions expressed here are solely those of the writer and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, and you should conduct your own enquiry when making a determination.