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As every week, BeInCrypto presents the TOP 5 altcoins that increased the most in the cryptocurrency market during the last 7 days. More specifically, the period between June 4-9, 2023.
Stacks, the layer-1 protocol that enables smart contracts on Bitcoin, have demonstrated incredible resilience amid bearish market trends. Stacks' STX token price has increased by over 6% over the past week and joined top-gaining coins today with a nearly 0.53% price gain, while the broader crypto market plunged by 1.63% in the last day.
In a surprising turn of events, Stacks token (STX) has soared by over 24% in the past two days, defying the market-wide slump. While other cryptocurrencies experienced double-digit declines, STX has emerged as one of the most profitable tokens, even among the largest by market capitalization.
Explore the exciting world of cryptocurrency that can offer enticing opportunities and informed investors can discover which cryptos to buy.
Today's dynamic cryptocurrency market presents Tron (TRX), Kava, Curve DAO Token (CRV), Render Token (RNDR), NEO, and IOTA as top performers, while PepeCoin (PEPE), SUI.io, Mask Network (MASK), Stacks (STX), Lido Staked Ether (LDO), and Casper (CSPR) grapple with declines.
In today's crypto market analysis, we spotlight the tokens making significant strides and those navigating through challenging waters. Today's victors include SingularityNET (AGIX), Kava (KAVA), Injective Protocol (INJ), XinFin Network (XDC), and Blockstack (STX).
With Bitcoin and DeFi starting to mix, Stacks could become a true benefactor of this growing trend.
The altcoins with the worst weekly performance are the cryptocurrencies analyzed.
Today's cryptocurrency market highlights Bitcoin SV (BSV), Kava (KAVA), Luna Classic (LUNC), Bitcoin Cash (BCH), SUI (SUI.io), and PEPEcoin (PEPE) as top gainers. On the other hand, Stacks (STX), Casper (CSPR), Render Token (RNDR), Convex Finance (CVX), Injective Protocol (INJ), and Woo Network (WOO) are facing losses.
The Stacks (STX) price failed breakout could be the reason for a sharp downward movement soon.
While the Bitcoin and crypto markets are deep in the red, one altcoin stands out today, posting a double-digit price increase: Stacks (STX). Along with the Lightning Network, the project is considered the most promising layer-2 technology for Bitcoin at the moment and is currently benefiting from the network congestion dilemma.
Stacks Price Analysis: The ongoing correction phase in stacks coin price is strictly responding to two technical levels which are a downsloping resistance trendline and a horizontal support level of $0.67. The coin price bounced back twice from both aforementioned levels accentuating the traders' respect for these levels and therefore it will also have a
STX, the native asset of the Stacks blockchain, suddenly gained nearly 17% even though the bulk of cryptocurrencies were trading in losses.
Today's cryptocurrency market showcases a mix of gainers and losers, highlighting the ever-changing and dynamic nature of this financial landscape. In this daily analysis, we delve deeper into the top gainers and losers, providing insights to help you make informed decisions.
Today's cryptocurrency market showcases Floki Inu (FLOKI), PepeCash (PEPE), Woo Network (WOO), SUI (SUI), BitToken (BIT), and Uniswap (UNI) as the top gainers, while Casper (CSPR), Optimism (OP), Stacks (STX), PancakeSwap (CAKE), Conflux (CFX), and Internet Computer (ICP) have faced losses.
On March 20, 2023, Stacks (STX) hit an all-time high of $1.30. But the price declined below the $1 mark on March 25 as the bears increased momentum.
A look at five altcoins that increased the most in this week's crypto market, specifically from April 28 to May 5
Today's cryptocurrency market showcases Casper (CSPR), Internet Computer (ICP), Trust Wallet Token (TWT), Toncoin (TON), Kava (KAVA), and Quant (QNT) as the top gainers, while SUI (SUI), Stacks (STX), Optimism (OP), Mina Protocol (MINA), Lido DAO Token (LDO), Injective Protocol (INJ), and Flare (FLR) have faced losses.
STX, on the other hand, is the native cryptocurrency of the Stacks network, used to power smart contracts for bitcoin, reward miners, and allow holders to earn bitcoin by staking.Balancer, finally, is a decentralized finance (DeFi) protocol running on top of Ethereum that seeks to incentivize a distributed network of computers to run a decentralized exchange where users can buy and sell any cryptocurrency.
The Stacks (STX) price could be nearing the end of its correction as evidenced by the wave count.
The stacks coin price has been in a correction phase for over six weeks, where the altcoin dropped from a top of $1.31 to a low of $0.6702, registering a 48% fall. A downsloping trendline gave a specific direction to this downfall and assisted sellers to prolong this correction phase.
SUI may not be performing well since its launch earlier today but it's been a good day for STX, RPL.
Since the beginning of the week, Stacks token, STX, has risen almost 20% in value, becoming a top performer among the top 100 largest cryptocurrencies by capitalization. The reason for such a price action at a time of total market turmoil was record activity on the Bitcoin network.
Stacks (STX) is on an uptrend today, gaining over 12% in the last 24 hours. Although the general crypto market is volatile, STX shows positive moves on the price chart.
