Santiment notes the outperformance of STX, ORDI, and LUNC coins

What’s new? Experts of the analytical company Santiment fix the outpacing growth of altcoins with small and medium capitalization in comparison with the broader crypto market. According to them, traders began to redistribute funds in favor of more speculative assets, which is indicated by the growth of the rates of such coins as STX, ORDI, and LUNC. In seven days they have added 128% on average. Based on on-chain metrics, analysts predict a rally in similar assets in the near term.

Source: Twitter.com

What else is known? STX is the native token of Stacks Network, the smart contract-oriented Layer 2 (L2) network, on the bitcoin blockchain. Stacks Network allows Bitcoin to be programmable, putting it on par with the Ethereum and Solana blockchains, which account for the majority of decentralized finance (DeFi) and non-fungible token (NFT) activity.

Stacks can store data outside of the bitcoin blockchain, allowing developers to create decentralized applications (DApps). STX’s initial public offering (IPO) has been approved by the US Securities and Exchange Commission (SEC), and the assets are being used to pay out rewards to miners. As of December 7, 07:00 UTC, STX is trading at $1,09 on Binance, having lost 6,5% overnight.

ORDI is the first fungible token issued under the BRC20 standard on the bitcoin network. The day before, it also became the first such asset whose market capitalization crossed the $1 billion mark. It is trading at $53,47, having added 7,8% per day.

At the same time, earlier the developer of the Bitcoin Core client Luke Dashjr said that the possibility of issuing BRC20 and bitcoin-NFT tokens is the result of a blockchain vulnerability. It may be fixed in the v27 update expected next year, after which such assets will cease to exist.

Курс стейблкоина USTC от Terra Classic вырос на 175% с начала года

27 ноября актив достигал максимальной отметки с июля прошлого года

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LUNC is the native token of the Terra Classic blockchain. This network was the result of the Terra network hard fork, which was decided by the community after the asset’s exchange rate collapsed to almost zero in May last year. As a result of the fork, the network was split into Terra Classic with LUNC and USTC coins, and the original LUNA and UST tickers were transferred to the new Terra network. LUNC added 111% for the week but fell by 13,3% overnight to $0,00020445.