Cryptocurrency analyst and trader Michaël van de Poppe is leaning bullish on one top-50 altcoin by market cap while offering his insight on Bitcoin (BTC) and Ethereum (ETH).

STX is showing strong breakout potential, with key resistance levels in focus for future gains.

Stacks' price action has closely mirrored Bitcoin's performance in recent months, boasting an impressive correlation coefficient of 0.86. This makes Stacks a high-beta play on Bitcoin, meaning that when Bitcoin moves, STX tends to move in a similar direction, albeit with more volatility and often at a greater magnitude.

Stacks strong correlation with Bitcoin suggested a possible rally.

With a jump of 2.86% in the past 24 hours, the cryptocurrency market has successfully crossed the $2.8 Trillion mark. With this, the STX price has maintained its bullish action by recording a positive candle for the 3rd consecutive day.

The sBTC token is designed as a trustless way to use bitcoin in decentralized finance applications, in contrast to centralized wrapped bitcoin tokens.

Stacks seeks to usher in a wave of adoption and innovation following its Nakamoto upgrade.

The launch of Bitcoin L2 Labs is expected to catalyze growth in decentralized applications, making Stacks an even stronger player in Bitcoin-based technology.

THOR Chain's token, RUNE, has captured market attention with a swift 18% rebound following a sharp 33% drop. As volatility in the crypto market remains high, THOR Chain's price movement suggests renewed interest in RUNE, ignite discussions on whether the token can continue its recovery or if further consolidation is on the horizon.

It appeared more likely that RUNE would consolidate, allowing time for short liquidations to build up.

STX has experienced fluctuations since reaching an all-time high of $3.61 in November 2021. As the cryptocurrency market evolves, investors are curious whether STX can recover and surge again in the coming years.

RUNE fell 15% but began recovery, with potential bottom at $4.50.

The cryptocurrency market has experienced a significant pullback this week due to the rising uncertainty concerning the possible outcome of the upcoming U.S. election in 2024. Following this, the Stacks price has recorded a major price correction, highlighting increased bearish sentiment.

RUNE, the native token of the decentralized cross-chain liquidity protocol ThorChain, recently broke out of a falling wedge pattern after trading within it since its year-to-date high of $10.60 on March 13.

Stacks (STX), a prominent layer-2 solution for Bitcoin, is gaining attention following the recent Nakamoto upgrade on October 29, 2024. This upgrade aims to enhance transaction speeds and scalability, positioning Stacks for substantial long-term growth in the cryptocurrency landscape.

With this partnership, you can trade your assets without needing a centralized exchange. With THORChain, users can exchange assets across different blockchains right from their Ledger Live Desktop app.

Stacks, a Bitcoin layer-2 solution, is currently garnering attention as its latest developments hint at substantial long-term growth potential. Following the recent Nakamoto upgrade on Oct.

STX's recent Nakamoto upgrade has unlocked faster transaction speeds and introduced sBTC, positioning the token for potential gains.

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TL;DR The Nakamoto Stacks upgrade is live, ensuring that confirmed transactions are as irreversible as those on Bitcoin. Transaction processing time has been significantly reduced. The technical foundation is laid for the launch of sBTC, scheduled for later this year.

The partnership could enhance the “financial utility of Bitcoin for our institutional clients,” wrote Calvin Shen, the chief commercial officer at Hex Trust.

Now, using Stacks is quicker and more secure. This is thanks to some major updates that make it work even better with Bitcoin.

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Muneeb Ali announced that the Nakamoto upgrade is live. It enhances Stacks Layer 2 transactions with 100% Bitcoin finality.

Stacks, a layer 2 solution for Bitcoin, is on the verge of a significant upgrade named “Nakamoto.” Scheduled for October 29, 2024, this update aims to enhance transaction speed and overall efficiency.

The Stacks Foundation has announced that security firm Asymmetric Research has joined its ecosystem as a key security contributor, reinforcing efforts around its Bitcoin Layer 2 solution. According to a press release shared with crypto.

TL;DR The Stacks Foundation has partnered with Asymmetric Research to strengthen the security of the upcoming Bitcoin-backed sBTC token. The launch of sBTC in Q4 2024 will allow Bitcoin users to interact with DeFi applications securely. Asymmetric Research will act as a “signer” of the sBTC system, ensuring secure transactions alongside 30 other companies.

Stacks adds Asymmetric Research as a key security contributor for its Bitcoin Layer 2 network.

TL;DR Ledger Integrates THORChain: Ledger has integrated THORChain into its Ledger Live app, enabling users to perform native swaps between Bitcoin and Ethereum directly within the app, enhancing security and user experience. Seamless Cross-Chain Swaps: This integration allows for seamless cross-chain swaps without relying on wrapped tokens or centralized exchanges.

The hardware wallet Ledger has just introduced native cross-chain swaps thanks to the latest integration of the THORChain network.

If you've ever wanted to trade something like BTC for ETH without jumping through hoops, now's your chance. Users can do it all directly from their Ledger device, keeping their assets safe.

Stacks is awaiting a major upgrade, but will it push the token above $2?

Ledger will allow users to swap assets across chains in its app using the decentralized liquidity protocol THORChain.

Stacks Network, the Bitcoin layer-2, is one of the largest DeFi protocols on the world's most secure platform. DeFiLlama says the platform manages over $109 million worth of assets.

The Securities and Exchange Commission (SEC) has intensified its scrutiny of digital assets, particularly affecting RUNE Coin. The agency shared two critical filings related to Thorchain, the platform behind RUNE Coin, which have caused a significant decline in its price.

TL;DR 2024-2025: Stacks (STX) is expected to trade between $1.59 and $4.72, with an average price around $2.40 in 2024 and potentially reaching $4.41 by the end of 2025. 2026-2027: Predictions for 2026 suggest a price range of $2 to $5.60, while 2027 could see prices fluctuating between $1.50 and $3.80.

Bitcoin's recent recovery and the upcoming Nakamoto mainnet hard fork finalization could help push STX's price.

Bitcoin (BTC) is currently heading higher. All eyes will be on the number one cryptocurrency as it paves the way for the crypto sector.

Hermetica, the pioneer of the Bitcoin-backed stabelcoin USDh, announces the expansion of its flagship synthetic dollar to the Stacks Bitcoin L2 network. With the integration into Stacks, USDh becomes the first Bitcoin-backed stablecoin to enter the thriving Bitcoin ecosystem on the leading L2.

Stacks network is currently experiencing a wave of frustration among its users due to delays in the much-anticipated Nakamoto upgrade, which many believe could significantly enhance the platform's functionality. Originally scheduled for activation, the Nakamoto upgrade is designed to improve transaction speed and ensure Bitcoin finality, but as of now, it remains in limbo.

The market needed a few jolts of optimism, and didn't get enough of them.

The Nakamoto upgrade has the potential to propel Stacks to new heights.

When/if Bitcoin ($BTC) makes its next upside move, some of the more fundamentally sound altcoins have the potential to outperform. Binance Coin ($BNB), Fantom ($FTM) and THORchain ($RUNE) are among them.

THORChain's Q3 2024 report highlights new integrations, a focus on risk management, and strategic shifts towards the App Layer, enhancing the ecosystem's resilience and innovation.

The month of October, better known as “Uptober” in the crypto market, is expected to trigger rallies and gains for many altcoins.

A closely followed crypto strategist is warning that one modular blockchain project may be on the verge of collapse. Pseudonymous analyst Altcoin Sherpa tells his 224,000 followers on the social media platform X that layer-1 Celestia (TIA) could plummet by more than 77% from its current value due to prolonged investor selling.

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The buildup of limit orders at $2.2 could attract Stacks prices to it before a minor retracement.