Recently, Stacks (STX), Helium Mobile (MOBILE) and Astar (ASTR) have been on the rise. Behind the rise of altcoins were developments such as stock exchange listings, transaction abundance and new service announcements. Here are the details…
Stacks (STX) has made a notable rise
In a remarkable turn of events, the Stacks Blockchain witnessed an unprecedented surge in transaction activity, reminiscent of the Bitcoin Blockchain during its Ordinal inscriptions. Block 132,377 surprisingly set a new record for Stacks with 10,371 transactions, leading to a significant increase of over 10% in the price of the STX token. Latest data from the Stacks explorer reveals a significant increase in transaction volume, reaching 10,371 in 132,377 blocks on December 18. This increase follows a period when the blockchain recorded 8,000 transactions in a single block just a few hours ago.
Additionally, the increase is attributed to increased STX 20 minting activity resulting from increased participation in the network. But this increase also led to higher fees and congestion on the Stacks network. The project emphasized that this development brings the Ordinals and Stacks closer together. But he also acknowledged the challenges of rising fees and possible congestion within the network. Coincidentally, the Bitcoin Blockchain is also experiencing congestion and high fees. In response to these developments, the price of STX increased by an impressive 15% in 24 hours. The current trading price is at $1.15. This also marks a significant increase in trading volume of over 170% in the last 24 hours.
Upbit’s ASTR listing attracted attention
In cryptocurrency news other than STX, South Korea’s leading exchange Upbit announced the listing of Astar (ASTR). In the official announcement on December 18, it was stated that ASTR would be listed at 12:00 (UTC). Upbit announced that ASTR deposits can only be made on the Astar network and warned against transfers from other networks. The listing includes ASTR/KRW trading pairs and certain rules set by Upbit, such as a minimum of 10% above the previous closing price for sell orders. Following these developments, the price of ASTR increased by over 80 percent and reached up to $0.13.
Helium soars with NFT integration
Following STX, ASTR, Helium Mobile (MOBILE) has surged a staggering 100% in the last 24 hours. Thus, it reached $0.0070. So, small-cap altcoins are making waves in the market. Trade volume also increased by a significant 200%, reaching $18 million. Helium Mobile recently announced unlimited mobile service nationwide for $20 per month. Therefore, it attracted approximately 8,000 subscribers. The mobile virtual network operator (MVNO) encourages users to share their session connection data. Thus, it provides users with ‘mapping rewards’ in the form of NFTs.
These NFTs contribute to MOBILE rewards, increasing the demand for NFTs. It also provides valuable data for Helium’s network optimization. The inclusion of NFTs allows Helium Mobile users to receive MOBILE rewards, a type of cryptocurrency payment for supporting location tracking through their phones. The increase in NFT issuance is indicative of growing interest, with approximately 8,000 buyers identified and additional potential subscribers awaiting mobile phone plan activation. As a result, critical developments for STX, MOBILE and ASTR caused an increase in price.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.