These are the 5 cryptocurrencies that resist the market decline

The cryptocurrency market is painted red, but it is not all bad news.

It is that some tokens and cryptocurrencies within the top 100 by market capitalization They resist falling prices and have generated significant weekly profits. These are telcoin (TEL), starknet (STRK), zcash (ZEC), myx finance (MYX) and dash (DASH), as seen in the following image:

The main protagonist of this week is, without a doubt, telcoin. In the midst of a red tide in the market, this Ethereum token, designed to integrate financial services such as remittances and mobile payments into the infrastructure of telephone operators, registers an increase of 110%.

In the last 7 days, the price of TEL went from 0.0030 to 0.0063 dollars, as seen in the following graph:

The reason behind this great performance is because the project achieved regulatory approval to establish the first Digital Asset Depository Institution in the United States, as reported by CriptoNoticias.

This license authorizes Telcoin Digital Asset Bank to operate as a regulated bank in the countryallowing you to receive cryptocurrency deposits, make loans backed by digital assets, and connect to the Federal Reserve’s payments infrastructure.

On the other hand, Telcoin announced the launch of eUSD, a stablecoin backed by dollars and short-term Treasury bonds. It will be the first stablecoin issued by a US bank and registered directly on the network, linking traditional bank accounts with digital assets.

Second place belongs to STRK, the native token of the Ethereum second layer (L2) network. In the last 7 days, the asset went from 0.14 to 0.24 dollars, which represents a rise of 71.4%.

The token shows strong performance after enabling staking of tokenized bitcoin on its network. Users can participate using wrapped versions of BTC, such as WBTC, LBTC, tBTC or SolvBTC, contributing to the security of the network and receiving rewards alongside validators, with the aim of strengthening the decentralization of the ecosystem.

The novelty is that the team behind Starknet advertisement a strategic alliance with Anchorage Digitalthe only federally licensed cryptocurrency bank in the United States. This collaboration will allow institutional clients to securely stake BTC and STRK, strengthening the network and promoting its decentralization.

What about ZEC, MYX and DASH cryptocurrencies and tokens?

Third place stands out for the presence of zcash, a cryptocurrency with privacy fundamentals. Its price went from $456 to $601 in the last 7 days, which represents an increase of 31.75%.

This price increase occurred after Leap Therapeutics, now called Cypherpunk Technologies, announced a change in strategy: will allocate 50 million dollars to the purchase of more than 203,000 ZECwith the goal of accumulating up to 5% of the total supply of the cryptocurrency. The company plans to finance future acquisitions through the sale of stock and debt.

In fourth place is MYX, the native token of the decentralized exchange (DEX) MYX Finance. The price of this asset went from 2.49 to 3 dollars, which represents an increase of 20.5%.

The price increase is due, in part, to the recent integration of Myx Finance with Chainlinka decentralized oracle network.

This update incorporates the Chainlink Data Standard and Data Streams, allowing access to real-time data with low latency for MYX perpetual markets. The improvement in technical infrastructure coincides with an increase in protocol activity, reflected in higher revenues and fees, and this ended up impacting the value of the token.

Lastly, dash appears, a cryptocurrency focused on user privacy. In the last 7 days, its price went from 64.55 to 75.50 dollars, which represents an increase of 17%.

DASH’s rise is explained by renewed market interest in privacy coins following ZEC’s recent strong performance. That increased attention also ended up driving demand for DASH.

According to Artemis, an on-chain data provider, the privacy-based coin sector has shot 372% in the last 12 months.