Stratis (STRAX) Token Soars 160% Amid NFT, Gaming and Stablecoin Announcement

Stratis (STRAX) Token

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Categories: Cryptocurrency

Stratis (STRAX) Token Soars 160% Amid NFT, Gaming and Stablecoin Announcement

Ethereum-based, decentralized blockchain platform Stratis has seen its native token STRAX rocket 103 percent in a 24-hour period this week, up from 160 percent at one point in time. Minutes after the project announced a series of updates, STRAX announced a new ticketing system through which NFTs will be used to validate entry into venues and distribute rewards across events.

The platform is currently working with Price WaterhouseCoopers (PwC) to complete regulatory registration and expects to continue in partnership with PwC, which provides auditing services for the implementation of the GBPT stablecoin. According to Stratis’ announcement, “entities like Visa are increasingly inclined to accept stablecoin payments, so there is a huge opportunity to ease cross-border and bulk payments using blockchain technology.”

 

All of this is in clear defiance of the current bear market and the start of the so-called 'crypto winter'. This is arguably the most positive development in the sector since April, when blockchain-based music platform Opal saw the price of its token, OPUL, jump 175 percent when it announced a DeFi staking, CEX listing and S-NFT sale.

You'd have to go back even further to find another one-day performance to rival STRAX this week. In February this year, the utility and governance token for the DEX injection protocol surged more than 100 percent in a single day following the listing of Cosmos (ATOM) perpetual futures on the platform.

Ethereum, Cryptocurrency, Decentralized Blockchain, STRAX Token, GBPT Stablecoin, Crypto Winter, CEX, DeFi, Cosmos (ATOM), PWC, NFT Gaming

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