This Crypto Jumps 23% In A Week, Even As Bitcoin, Ethereum And Dogecoin Tumble

Stacks STX/USD has rallied over 23% in the past seven days, trading at $0.30, recorded on Monday at 12 a.m. EST.

What Happened: Apex cryptocurrency Bitcoin BTC/USD lost 2.23% over the past seven days, falling below the $17,000 mark, while Ethereum ETH/USD shed 3.92% and Dogecoin DOGE/USD declined by 16.52% during this period. 

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Stacks is a blockchain-based layer-one solution designed for Bitcoin. It enables network participants and DApp creators to construct DeFi apps, execute smart contracts, and create NFTs (non-fungible tokens) for Bitcoin.

According to LunarCrush data, STX is showing strong social activity in a tough market. The token’s social mentions on Monday measured daily hit the highest point in the last 90 days.

The second on the list is the native token of Trust Wallet TWT/USD, up 10.29% in the past 24 hours. TWT gained immense attention in the wake of the FTX crash, which caused shockwaves in the crypto market and drove customers to custodial wallets to protect their cryptocurrencies.

The third on the list is TonCoin TON/USD which recorded a 9.10% spike. Axie Infinity AXS/USD was fourth on the list, gaining 7.36 %, after declaring decentralization of the project.

EOS EOS/USD was last on the list, up 4.74%, in the past seven days.

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