The cryptocurrency market had a middling week, staying around current price levels. While a strong bull run that pushes up prices doesn't look likely at the moment, the crypto market may have stabilized. Several tokens jumped in price in the latest week, as reviewed below.
This week, we examine Ankr (ANKR), Stacks (STX), Bone ShibaSwap (BONE), GateToken (GT), and Optimism (OP). In selecting these assets, we have considered several factors, including positive technical developments, significant news events, and noticeable changes in price.
The Ankr (ANKR) token’s price increased by around 30%, possibly in reaction to two collaborations, with tech giants Tencent and Microsoft.The partnership with Tencent allows users to launch nodes for several blockchains, using Tencent's cloud computing strengths.The Microsoft partnership teams it with Ankr to work on Web3 infrastructure solutions.
Through these partnerships, Ankr is expanding its ecosystem and building fundamental infrastructure that developers can take advantage of. It should offer a base from which Ankr can expand its Web3, or decentralized internet, intentions. The ANKR token started last week at 3.4 cents and is now priced at around 4.2 cents (see chart below).
ANKR price: TradingView
The Stacks (STX) coin rose more than 50% in price, possibly in part due to Bitcoin Ordinals' growing popularity.Bitcoin Ordinals are a protocol that allows NFTs to be stored on the Bitcoin blockchain and are ordered and inscribed with a piece of information, such as text or an image. This piece of information makes each unique and turns it into a de facto NFT.In mid-February, Ordinal NFTs on Bitcoin crossed $100,000 in value.
Both the Stacks and Ordinals protocols allow additional
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