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Investing.com|EditorRachael Rajan

Published Oct 31, 2023 01:25PM ET

Stratis' native token, STRAX, has been demonstrating a significant performance in the cryptocurrency market, with a growth trajectory that surpasses Bitcoin, Ethereum, and Binance Coin. Data from CoinMarketCap highlights the impressive gains of STRAX, with a 24-hour increase over 24% and a seven-day surge of 75%. The trading volume also experienced a substantial boost, spiking nearly 150% to more than $139 million.

On an annual basis, STRAX's growth trajectory has soared by 102.26%, and its performance over the past 30 days indicates an increase of over 122.60%. This robust performance stands in stark contrast to other major cryptocurrencies. Bitcoin's annual growth is around 60%, while Ethereum's is only 13.63%. In the meantime, Binance Coin has seen a decline of more than 26% to $226.88 from $326 last year.

STRAX's price has made a significant leap from $0.4728 to $1.08, reflecting its sustained bullish trend throughout the year. The success of STRAX is largely attributed to the Stratis' Blockchain as a Service (BaaS) platform. This platform facilitates the development and deployment of blockchain applications, contributing to the strong performance of STRAX in the crypto market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Written By: Investing.com

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Stratis' STRAX token outpaces Bitcoin, Ethereum, and Binance Coin ... - Investing.com