The cryptocurrency market has been in a general downtrend over the past 24 hours. However, some tokens have managed to maintain or even increase their prices. This article analyzes the factors behind the price stability or rise of non-stablecoin tokens and examines their impact on the market, regulatory changes, and reactions from key stakeholders.
Cryptocurrencies That Avoided Price Decline
Amid a market-wide downturn, the following notable cryptocurrencies managed to maintain or increase their value:
- DeXe (DEXE): +2.54%
- Story (IP): +25.28%
This article explores the reasons these tokens managed to sustain or rise in price despite the market downturn.
Factors Behind DeXe (DEXE) Price Stability
1. Roadmap Announcements and Technical Updates
DeXe has announced its 2025 roadmap, which includes launching on the Ethereum mainnet, locking DAO financial assets into the protocol, and introducing staking functionalities for DAOs. These anticipated developments have fueled investor optimism, contributing to the token’s price rise.
2. TVL Surge Following Ethereum Integration
DeXe recently integrated with the Ethereum blockchain, pushing its total value locked (TVL) beyond $1 billion. The expansion of its compatibility with Ethereum has driven user adoption and capital inflows, bolstering its price.
3. Strengthening Strategic Partnerships
On February 19, DeXe announced a partnership with Falcon Finance, a synthetic dollar protocol. DeXe committed $10 million to Falcon Finance’s closed beta, signaling its entry into synthetic dollar ecosystems. This new use case has increased demand for the token.
4. Increased Trading Volume and Market Strength
Despite the broader market decline, DeXe has recorded daily surges of over 10%, with trading volume rising 66% from the previous day. The continued inflow of investment capital has supported the token’s sustained performance.
5. Growing Investor Confidence and Holder Base
The number of DeXe token holders has been steadily increasing, with addresses rising from 2,450 to 2,521 in late January. Binance’s addition of DeXe support for copy trading futures has further enhanced its credibility, leading to greater investor trust.
Factors Behind Story (IP) Price Stability
1. New Exchange Listings and Token Sale Events
Story (IP) is a blockchain project specializing in intellectual property (IP) management. It was first listed on KuCoin on February 13, attracting investor interest. Additionally, MEXC launched a liquidity rewards pool and an airdrop campaign, significantly boosting demand.
2. Innovative Project Concept and Strong Backing
Story is built on the Cosmos SDK and allows intellectual property rights to be tokenized with embedded smart contract conditions for licensing and royalties. This concept has been well-received, and a16z (Andreessen Horowitz) led an $80 million Series B funding round to support the project’s expansion.
3. Rising Trading Volume and Strong Price Movement
Since its launch, Story (IP) has shown significant gains, rising by over 145% in the past week and 67% over the past month. In the last 24 hours, its price surged by more than 20%, with trading volume exceeding $600 million, marking an 80% increase.
4. Market Conditions and Capital Rotation
As the broader crypto market declined by 2.6%, Story (IP) stood out as one of the few rising assets. During market corrections, capital often rotates into newer projects with strong narratives, benefitting Story’s token performance.
5. Technical Momentum and Bullish Outlook
Technical analysis indicates key resistance levels at $5.3 and $5.8. If Story (IP) surpasses these levels, the next target could be $8. Recent price action suggests a bullish trend, with investors optimistic about further gains.
Market Impact and Regulatory Changes
Despite the overall market decline, certain projects have demonstrated resilience, attracting focused investment. This trend suggests that capital is shifting toward projects with strong development roadmaps and clear use cases.
Regulatory developments have also played a role, particularly as the U.S. Securities and Exchange Commission (SEC) continues its regulatory crackdown. Ethereum-based projects and blockchain solutions related to intellectual property are gaining attention as regulatory scrutiny increases in other areas.
Reactions from Stakeholders and Future Outlook
- DeXe’s development team has stated that they will continue expanding in the decentralized finance (DeFi) sector, providing broader access to their protocol.
- Story (IP)’s founders emphasize their commitment to revolutionizing intellectual property management through blockchain technology, with plans to expand use cases.
Going forward, it will be crucial to monitor how these projects sustain their growth amid market fluctuations and regulatory developments.
