- Stacks (STX) surged 25% as Bitcoin (BTC) broke above 28K for the primary time in weeks.
- Optimism (OP) and Kaspa (KAS) additionally scored double figures.
- The tokens have outperformed main altcoins corresponding to Ethereum, BNB and XRP.
As Bitcoin (BTC) hit highs above $28,000 on Tuesday, a number of altcoins made enormous strikes.
The preferred cash out there, corresponding to Ethereum (ETH), BNB (BNB), XRP (XRP), noticed modest development. Nevertheless, a number of standout performers on the day had been Stacks (STX), Optimism (OP) and Kaspa (KAS).
The worth of stacks
Stacks (STX) is outperforming its friends in the present day, gaining 25% within the final 24 hours. The coin’s stellar efficiency not too long ago has led to the rising recognition of Bitcoin Ordinals. With the rise of Bitcoin-based NFTs, the demand for STX has elevated.
The token hit a excessive of $0.76 on Tuesday and a low of $0.58. The all-time excessive for Stacks is $3.39, which was achieved in 2021. December.
The worth of optimism
On the time of writing, the worth of Optimism (OP) is up 18%. On Tuesday afternoon, the worth of the L2 blockchain reached $1.34 after buying and selling as excessive as $1.06 earlier this week, with positive aspects pushed by a rebound within the broader market.
Nevertheless, there was one other possible consider OP’s worth – an optimism-driven testnet was launched on the BNB chain. The OpBNB testnet went stay on the Binance BNB chain on Monday and noticed the OP token begin to rise as buying and selling quantity elevated. The worth of Optimism hit an all-time excessive of $3.22 in February this yr.
Nice worth
Kaspa (KAS) additionally posted double-digit positive aspects on Tuesday to be among the many prime 100 gainers by market cap. With the worth up greater than 11% on the day, KAS has moved greater than 40% into bull territory within the final week.
On the time of writing, KAS/USD was buying and selling at $0.022, which is about 46% from the all-time excessive of $0.043 reached in April this yr.
Not too long ago, the Kaspa staff introduced a funding fund initiative aimed on the attainable inclusion of KAS within the cryptocurrency trade Bitpanda. The L1 proof-of-work blockchain community implements the GHOST protocol, which has been cited in Ethereum, Cardano, and XRP papers.
