Optimism across the cryptocurrency ecosystem continues to abound on Aug. 16 every bit multiple altcoins put on double-digit gains and Bitcoin (BTC) bulls defend the $46,000 back up level.

Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Solana (SOL), Presearch (PRE) and Arweave (AR).

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

SOL hits a new best high

In the past 24 hours, SOL price soared to hitting a new high $69.xiii as excitement for the protocol's new Mango Markets decentralized exchange (DEX) helped to increase need for SOL.

VORTECS™ information from Cointelegraph Markets Pro began to discover a bullish outlook for SOL on Aug. 11, prior to the recent cost ascension.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of celebrated and current market conditions derived from a combination of data points including market sentiment, trading book, recent price movements and Twitter action.

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

As seen in the chart higher up, the VORTECS™ Score for Solana rose into the green zone on Aug. 10 and reached a high of 77 on Aug. 11, around 4 days earlier its price increased 62% over the side by side day.

PR pushes higher

The Presearch project is a blockchain-based, decentralized search engine that is powered by the customs and allows users to search privately, rewardin them for their action.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for PRE on Aug. fourteen, prior to the recent price rise.

VORTECS™ Score (light-green) vs. PRE price. Source: Cointelegraph Markets Pro

As seen in the nautical chart above, the VORTECS™ Score for PRE climbed into the greenish zone on Aug. 13 and reached a loftier of 70 on Aug. 14, around 26 hours before the price surged 102% over the adjacent solar day.

AR gains 32%

Arweave is a decentralized storage network that utilizes a new type of storage that backs upward data with "sustainable and perpetual endowments" that allow users and developers to store information forever.

According to data from Cointelegraph Markets Pro, market weather condition for AR accept been favorable for some time.

VORTECS™ Score (dark-green) vs. AR price. Source: Cointelegraph Markets Pro

As seen on the chart above, the VORTECS™ Score for AR was in the green for the majority of the past calendar week and reached a high at 72 on Aug. 14, around 30 hours before the price increased 65% over the next day.

Excitement for the project has been on the rise over the past week, with the daily transactions on the network repeatedly hitting new tape highs.

The overall cryptocurrency market capitalization now stands at $ii.005 trillion, and Bitcoin'south dominance rate is 43.5%.

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