In the past 24 hours, Bitcoin (BTC) briefly surpassed $59,000, followed by a steep decline. At the time of writing, it is trading at just over $57,000. Meanwhile, Stacks (STX), a Bitcoin-focused altcoin, was the most rising cryptocurrency among the top 100 by market capitalization in the same period. Apart from Stacks, 5 more coins stood out with their performance. cryptocoin.com We will convey these projects and the latest developments in their ecosystems.
Bitcoin-focused altcoin Stacks (STX) became the star of the day!
Stacks’ STX token, a layer one blockchain solution designed to bring smart contracts and decentralized applications (dApps) to Bitcoin, has gained 35.21 percent in the last 24 hours. Stacks aims to bring smart contracts to Bitcoin with its security and stability intact. So, what were the developments that pushed Stacks to the rise? The team behind Stacks is attending the Web 3.0, NFT and Metaverse conference called NFT BZL. Also, the founder of the project announced that there will be an update on the network in seven days.
Another altcoin that was one of the stars of the day was Voyager Token (VGX) with an increase of 24.68 percent. Voyager Token is a cryptocurrency broker that provides traders with a reliable and secure access point to trading cryptocurrencies. Voyager was built to offer both individual and institutional investors an almost instant solution for crypto trading. Recently, Voyager launched a Mastercard-based debit card and launched its loyalty program.
DEX tokens are on the rise
The CRV token of Curve, a decentralized exchange (DEX) built for stablecoins, rose 15.85 percent, while the UNI token of another DEX Uniswap rose 11.46 percent. Uniswap announced that it has given $1 million in funding to the project called Other Internet through its grant program.
Another of the popular coins of the day was Polygon (MATIC). Polygon is a structured platform for Ethereum scaling and infrastructure development. Recently, the network has come to the fore with the acceleration of the metaverse field, because there are many metaverse projects in the ecosystem. The last of these was MetaMundo, a virtual NFT marketplace focused on metaverses.
Finally, the RUNE token of THORChain, the decentralized protocol that allows users to buy and sell cryptocurrencies across various networks, gained 9.71 percent. Recently, there has been an innovation in THORChain’s network, and for the first time, sharding has been performed in Asgard vaults.
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