Stafi (FIS) defies crypto market outlook, token up 13%
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 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%. Currently trading at around $0.29, FIS has outperformed the major cryptocurrencies as they continue to struggle for volatility. All top altcoins 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’s latest ETH transaction, remains below $1,600 with -3.8% in the past week. Why is the price of Stafi (FIS) up today? As noted, FIS is a governance token for the Staking Finance, a DeFi protocol that offers access to...