The leading cryptocurrencies in the market, like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), are beginning to slip back into the bearish zones as their 24-hour gains represent barely one percent gains to slightly negative growth.

However, amid the potential bullish thread reversal for the large-cap coins, the native token of the Stratis, STRAX, has taken the crypto community by storm. According to CoinMarketCap data, STRAX recently engineered a significant bullish rally, putting its 24-hour gain over 24%.

In parallel, its seven-day cumulative performance is now up significantly by 75%. Also, crypto market participants exchanged over $139 million STRAX tokens in the last 24 hours, representing a nearly 150% increase from the figure obtainable in the past day. STRAX’s market chart on CoinMarketCap suggests that the digital asset could be poised for more gains as its trajectory is headed up.

STRAX’s 24hrs graphs | CoinMarketCap

Interestingly, STRAX has shown remarkable bullishness for most of the year, standing firm as the overall market remained dominated by bears. As an illustration, its 30-day market performance indicates a remarkable increase of over 122.60%. It effectively means that the STRAX has grown from about $0.4728 early this month to now trading at $1.08, a feat most of the top ten crypto have failed to attain in multiple months.

Furthermore, data from CoinMarketCap reveals that STRAX’s annual growth trajectory is up by 102.26%. In contrast, ETH, the gas token of the largest smart contract network, has only gained 13.63% since last year. On the other hand, BNB is down over 26% to $226.88 from $326 recorded in October 2022. Meanwhile, Bitcoin is up about 60% since last year.

According to STRAX’s documentation on CoinMarketCap, Stratis seeks to offer a Blockchain as a Service (BaaS) platform that allows financial service providers and enterprises to develop and deploy blockchain applications without the complexities and security concerns of operating their networks.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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