Markets are weak, but ALGO, FXS and HNT book a 20%+ rally — Here’s why By Cointelegraph

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Markets are weak, but ALGO, FXS and HNT book a 20%+ rally — Here’s why

Large-cap cryptocurrency continue to slump as investors await comments from the Federal Open Markets Committee regarding the exact size of the next interest rate hike.

There are, however, a few bright spots in the market and select altcoins managed to post double-digit gains in trading on May 3, thanks to a big-time partnership announcement and cross-protocol collaborations that led to a spike in demand.

ALGO/USDT 4-hour chart. Source: TradingView
FXS/USDT 4-hour chart. Source: TradingView
VORTECS™ Score (green) vs. HNT price. Source: Cointelegraph Markets Pro