The market is bouncing back with almost everywhere being leafy. Some experts believe it wasn’t a bubble but just a long weekend break associated with Bank Holidays on Friday and Monday in Europe and America respectively.
Meanwhile, in the midst of the exhilarating recovery, Stratis jumped 23.29 percent over Stellar Lumen and Golem to be among the top 10 cryptocurrencies in the world on Tuesday. Stellar has already lost elite status since Sunday night.
However, Ethereum Token, Golem was occupying the 10th spot and was made the casualty. This is the second time the computer storage crypto is leaving the top stratum.
Then on Wednesday, Stratis went up to number eight by ousting Bytecoin and Monero. However, Monero fought back spiritedly and pushed it to the 9th rank.
Rise To the Top
Indeed, Stratis has been barking for more than a month to get to the crème de la crème of Cryptocurrency ranks. The Blockchain Applications Token came to the attention of the community when it jumped more than 70 percent to be at number 12 in mid-April.
Since then, they have not looked back. Even though they plunged into the lower rungs a while after making that strong statement, it has been very consistent.
For instance, in April its market price was a few cents, but it improved to a $1.24 in early May. In fact, at the moment, it is sold at $5.62. Overall, It has enjoyed over 75 percentage appreciation in a week.
In an interview with CCN.com, Creappy Robbert, a holder and a member of the Stratis Slack expressed the excitement the new development has generated in the community. “It is amazing and still, we have to release Breeze and the Masternodes in June.
Creappy’s judgment is that when the Breeze Nodes infrastructure is released it will have a huge impact on the price of Stratis, or maybe it is a bit in calculated for what is happening right now.
Stratis’ much talked about Breeze Masternodes grants economic stimulus to node operators to engage in securing various varieties of on-chain and off-chain transactions for the Breeze Wallet.
Krushang Patel, a Member of Stratis Communication Team, also had this to say:
In fact, the potential of developing blockchain tech in native C# on the Microsoft dot net is immense.The Breeze Nodes Infrastructure, which allows sending BTC and STRAT transactions anon using tumblebit technology created by Ethan from Boston University is prudent and attractive in the industry.
In the meantime, Stellar Lumen and Golem are in hot pursuit of Stratis and are seeking to displace him from the 10th position.
Featured image from Shutterstock.
Last modified: March 4, 2021 4:56 PM