{"id":23708,"date":"2023-09-26T18:56:38","date_gmt":"2023-09-26T18:56:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/stafi-fis-defies-crypto-market-outlook-token-up-13\/"},"modified":"2023-09-26T18:56:38","modified_gmt":"2023-09-26T18:56:38","slug":"stafi-fis-defies-crypto-market-outlook-token-up-13","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/stafi-fis-defies-crypto-market-outlook-token-up-13\/","title":{"rendered":"Stafi (FIS) defies crypto market outlook, token up 13%"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/stafi-fis-price-hike-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/stafi-fis-price-hike-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/stafi-fis-price-hike-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/stafi-fis-price-hike-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Stafi (FIS) price is up 3% in the past 24 hours and 13% this past week.<\/span><\/li>\n<li>The Staking Finance governance token has seen a spike in whale transactions of $100k+, on-chain data shows.<\/li>\n<li>Interest is seeing FIS outperform major altcoins.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Stafi (FIS), the governance token of the StaFi protocol, has seen a decent spike in the past 24 hours to bring total gains in the past week to more than 13%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Currently trading at around $0.29, FIS has outperformed the major cryptocurrencies as they continue to struggle for volatility. All top <a href=\"https:\/\/coinjournal.net\/news\/tag\/altcoins\/\">altcoins<\/a> by market cap are 2%-5% down in the past seven days, with Bitcoin (BTC) perched above $26k but down 4% in the outlined period. Ethereum, which came under renewed downward pressure following news of Vitalik Buterin\u2019s latest ETH transaction, remains below $1,600 with -3.8% in the past week.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Why is the price of Stafi (FIS) up today?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">As noted, FIS is a governance token for the Staking Finance, a DeFi protocol that offers access to liquidity of staked assets.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Other than its use in <a href=\"https:\/\/coinjournal.net\/cryptocurrencies\/staking\/\">staking<\/a>, FIS is used as transaction fees. But traders and investors are increasingly turning to the protocol rTokens, reward tokens that one receives when they stake Proof-of-Stake coins and tokens like Ethereum. These tokens are tradable and act as collateral on lending platforms. In other words, FIS holders have various opportunities of earning, including from staking rewards and lending of rTokens.<\/span><\/p>\n<p>Stafi has recently added rTokens for Polygon (MATIC) and Cosmos Hub (ATOM).<\/p>\n<p><span style=\"font-weight: 400\">Interest in FIS has skyrocketed over the past few weeks, reflecting in the token\u2019s price performance. According to data by market intelligence platform Santiment, FIS is among a few smaller cap altcoins to see a significant uptick in whale accumulation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Per on-chain data the firm <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1706637195573088257\" target=\"_blank\" rel=\"noopener\">shared<\/a> on X, whales have been \u201cmost active,\u201d in the ecosystems of aelf (ELF), Cream (CREAM), Stafi (FIS) and Linear (LINA). The networks have witnessed a surge in whale transactions involving $100,000 or more.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201c<em>These projects have a higher probability to see big swings this week<\/em>,\u201d Santiment analysts have noted.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/stafi-fis-defies-crypto-market-outlook-token-up-13\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Stafi (FIS) price is up 3% in the past 24 hours and 13% this past week. The Staking Finance governance token has seen a spike in whale transactions of $100k+, on-chain data shows. Interest is seeing FIS outperform major altcoins. Stafi (FIS), the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":23709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23708"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23708"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23708\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23709"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}