• Stax (STX) worth jumped 25% as Bitcoin (BTC) broke above $28,000 for the primary time in weeks.
• Optimism (OP) and Caspar (KAS) additionally rose by double digits.
• The token has outperformed main altcoins comparable to Ethereum, BNB and XRP.

After Bitcoin (BTC) hit new highs above $28,000 on Tuesday, a number of altcoins made huge strikes.

High-cap cash comparable to Ethereum (ETH), BNB (BNB), and XRP (XRP) noticed a slight achieve. Nevertheless, the day’s standout performers included Stax (STX), Optimism (OP) and Caspa (KAS).

stack worth

Stax (STX) now outperforms its friends with a 25% worth improve over the previous 24 hours. The superb efficiency of this coin is as a result of growing reputation of Bitcoin ordinals in latest occasions. The rise of Bitcoin-based NFTs has elevated the demand for STX.

The token traded from a low of $0.58 to a excessive of $0.76 on Tuesday. Stax’s all-time excessive was $3.39 in December 2021.

Rakuten worth

On the time of writing, Optimism (OP) costs have been up 18%. After buying and selling at a low of $1.06 this week, the value of the L2 blockchain reached $1.34 on Tuesday afternoon, rising after a market-wide rally.

However there was one other doable set off for the OP worth. It’s the launch of a testnet leveraging optimism on the BNB chain. The opBNB testnet went reside on Binance’s BNB chain on Monday, and OP tokens started to surge as buying and selling volumes elevated. Optimistic shares hit a document excessive of $3.22 in February.

Caspa worth

Caspa (KAS) additionally posted a double-digit achieve on Tuesday, rating as one of many prime 100 cash by market cap. The worth rose greater than 11% on the day, and KAS has climbed greater than 40% over the previous week, edging nearer to bullish territory.

The KAS/USD is buying and selling at $0.022 on the time of writing, about 46% off the all-time excessive of $0.043 set in April this yr.

Not too long ago, the Kaspa crew introduced a capital pool initiative concentrating on the eventual itemizing of KAS on cryptocurrency change Bitpanda. The L1 Proof-of-Work blockchain community implements his GHOST protocol cited in Ethereum, Cardano and XRP whitepapers.