Crypto investors are certainly having a nice day, with the overall index surging 0.9% as of early afternoon trading. However, three of the top projects providing upside momentum for the
Crypto investors are certainly having a nice day, with the overall index surging 0.9% as of early afternoon trading. However, three of the top projects providing upside momentum for the Read More Crypto Projects
Crypto investors are certainly having a nice day, with the overall index surging 0.9% as of early afternoon trading. However, three of the top projects providing upside momentum for the cryptocurrency space today are high-tech crypto projects The Graph (CRYPTO: GRT), Immutable (CRYPTO: IMX), and Stacks (CRYPTO: STX) which are up 7.2%, 9.3%, and 7.9%, respectively, over the past 24 hours as of 2 p.m. ET.
The Graph’s status as a top protocol to allow for data querying on platforms like Ethereum and Immutable’s status as a top Layer-2 scaling solution for Ethereum position these projects well to benefit from surging demand seen in the Ethereum network. It’s clear that this project’s rally (and surging open interest, which hit a 20-month high) is having spillover effects for key related projects today.
Stacks benefits from broader Bitcoin adoption, enabling smart contracts and decentralized applications to use Bitcoin as an asset for settlement on Bitcoin’s blockchain. Thus, as Ethereum and Bitcoin go, so too do these projects (generally speaking).
Source Fool.com