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Crypto Market Sees Double-Digit Gains: Stacks, Bitget Token, and Wen Surge

The cryptocurrency market has witnessed significant gains, with Stacks (STX), Bitget Token (BGB), and Wen (WEN) all experiencing notable spikes in value amidst a surge in the global cryptocurrency market capitalization surpassing $2 trillion.

Stacks Reaches 26-Month Highs: Stacks has recently achieved its highest value in 26 months, coinciding with the milestone of the global crypto market cap exceeding $2 trillion. Trading activity for Stacks has intensified, evidenced by a surge in total open interest from $55 million to $118 million within a short span.

While currently priced at $2.50, reflecting a slight 4.52% decrease in the last 24 hours, Stacks has soared by over 40% over the past week, boasting a market capitalization surpassing $3.5 billion. As a layer-1 solution utilizing the STX token for smart contracts and digital asset registration, Stacks, originally launched as Blockstack, is driven by a mission to democratize the internet and curb the influence of major corporations, embodying the ethos of “can’t be evil.”

Bitget Token Surges: Bitget Token has also seen a remarkable surge in value, with its price soaring to 98 cents, marking a staggering 49.3% gain over the past seven days. With a market capitalization exceeding $1.3 billion, BGB token serves as a utility token facilitating transactions, offering trading fee discounts, and incentivizing user engagement within the Bitget ecosystem. Sandra Lou-founded Bitget has strategically appointed Vugar Usi Zade as its Chief Operations Officer to spearhead expansion efforts into new markets across Latin America, the Middle East, Africa, Southeast Asia, and Europe.

Wen Shows Resilience: Despite facing challenges, Wen, a Solana-based meme coin, has displayed resilience in the face of market volatility. Following a token burn aimed at eliminating 27% of the total supply distributed via airdrop, Wen initially experienced a sharp decline in value. However, the coin has rebounded impressively, recording a remarkable 121.44% surge over the past seven days. Despite recent setbacks, Wen’s unique approach and recovery underscore its ability to attract attention and navigate market uncertainties following its widespread airdrop to over a million wallets.

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