Bitcoin (BTC) started the new calendar month in strength and Dec. 1's stitch to $59,053 suggests that bulls are get-go to shake off the fears stirred upward by the Federal Reserve's taper talks and the emergence of a new strain of COVID-19.

Altcoins besides saw their prices elevator off and early on hopes of a potential "Santa Claus rally" are making the rounds on crypto Twitter.

Peak vii coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro

Information from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Request Network (REQ), Bifrost (BFC) and SafePal (SFP).

Request Network transactions hitting an all-time high

Request Network (REQ) is an Ethereum-based decentralized payment organization that allows users to send and receive funds through secure channels without the need for an intermediary.

VORTECS™ information from Cointelegraph Markets Pro began to detect a bullish outlook for REQ on November. 28, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and electric current market conditions derived from a combination of data points including market place sentiment, trading volume, recent cost movements and Twitter activity.

VORTECS™ Score (green) vs. REQ cost. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for REQ climbed into the dark-green zone on Nov. 28 and reached a high of 81 around 57 hours earlier the price increased 98% over the next day.

The spike in the price of REQ comes as activity on the network increases and the number of transactions surged 32% in November. The running tally has the transaction count up 46.34% over the last thirty days and 67.32% over the past 90 days.

Bifrost releases ChainRunner Q

Bifrost (BFC) is a multichain middleware platform that allows developers to build decentralized applications (DApps) capable of operating on superlative of multiple protocols.

Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.35 in the early trading hours on December. i, the price of BFC surged 56.84% to an intraday loftier at $0.556 as its 24-hour trading volume surpassed $130 million.

BFC/USDT iv-hr nautical chart. Source: TradingView

The bound in the price of BFC comes as the Bifrost protocol released its long-awaited ChainRunner Q protocol, which provides users with access to pre-congenital decentralized finance (DeFi) strategies, besides every bit the power to deposit, borrow, transfer, buy and leverage their cryptocurrency holdings.

Related: Bitcoin correction weakest of 2022 so far as hopes of Santa Claus rally ascension

SafePal adds support for ix new blockchains

SafePal (SFP) is a cryptocurrency wallet that offers hardware and software options for investors holding assets from the Ethereum, Binance Smart Chain and Tron ecosystem.

VORTECS™ data from Cointelegraph Markets Pro began to notice a bullish outlook for SFP on Nov. 29, prior to the recent toll rising.

VORTECS™ Score (green) vs. SFP toll. Source: Cointelegraph Markets Pro

Every bit seen in the chart above, the VORTECS™ Score for SFP spiked into the green zone on November. 29 and hit a high of 81 effectually 41 hours before the cost increased 38% over the next mean solar day.

The climbing cost of SFP follows the announcement that the project added back up for Cardano, Nervos Network, Fantom, Avalanche, HECO Concatenation, Boba Network, Arbitrum and Optimism.

The overall cryptocurrency market place cap now stands at $2.67 trillion and Bitcoin's authority rate is 41.two%.

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