Stacks, Bitcoin Layers, and the Nakamoto Upgrade: Here's What's Going On
The STX token launched in October 2019 at 21 cents, but its time to shine draws near with imminent network upgrades.
Keep up with what's happening in the crypto world in real-time.
The STX token launched in October 2019 at 21 cents, but its time to shine draws near with imminent network upgrades.
“There exists a large, untapped pool of capital within the Bitcoin ecosystem that remains dormant,” Wintermute's OTC desk told CoinDesk.
Bitcoin attempts to break out of a bullish chart formation, opening the door for TON, STX, MNT, MKR and other altcoins to follow.
Bitcoin (CRYPTO: BTC) moved higher, but the cryptocurrency prices remained below the key $66,000 level on Wednesday. Ethereum (CRYPTO: ETH), however, recorded losses, trading below the key $3,400 mark this morning.
Stacks might just be getting started.
The layer two (L2) project Stacks has officially released its public Nakamoto Testnet, offering a refined testing ground for developers and signers ahead of the mainnet launch.
Stacks (STX) price is drawing attention after reaching a new all-time high. Its 7-day Relative Strength Index (RSI) dipped from 83 last week to its current level of 79.
ARK Invest started dumping large amounts of Robinhood stock for the first time after aggressively buying HOOD shares last year.
Bitcoin bulls attempt to establish control over BTC price, a move that could benefit DOGE, TON, STX and FTM.
The cryptocurrency market experienced its first week of decline in some time, with the significant investments previously seen in Bitcoin exchange-traded funds (ETFs) reversing into withdrawals this week. The market trends have plunged the BTC price toward $60K, while altcoins continued to shine.
With a broader slowdown in the broader market, some altcoins continue to push forward with minimal resistance; STX is one of those, with the token up nearly 30% in the weekly timeframe. Related Reading: Fantom (FTM) Bull Run: Can FTM Hit $2 After 20% Price Spike?
From its intraday low of $2.75 on March 20, Stacks (STX) has surged to astonishing heights, demonstrating resilience and vigor in the face of market fluctuations. At the time of writing, the token has slightly cooled off to trade at $3.36, showcasing the enduring strength of its upward trajectory.
Stacks (STX) has catapulted to dazzling heights, reaching an all-time pinnacle of $3.65 before stabilizing at $3.35, fueled by a momentous surge triggered by the green light on a pivotal network upgrade. This surge, reflective of a staggering 125% ascent since the dawn of the year, positions Stacks as a beacon of resilience and innovation amidst the ever-fluctuating cryptocurrency landscape.
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Every STX holder voted in favor of the upgrade, fueling comparison with some L1s.
After displaying a negative trend for three consecutive days, the crypto market has recorded a massive bounce back in valuation with top altcoins experiencing a significant bullish reversal in the chart.
Bitcoin smart contract platform Stacks has seen native token prices explode following the approval of a major network upgrade.
Bitcoin layer 2 network Stacks (STX) was trending on Google after the network's Nakamoto upgrade received widespread approval. According to the Stacks Foundation, the upgrade was approved by every voter who had Stacked STX, and 99.
Cryptocurrency prices are having a difficult week as some investors took profits and the recent rally took a breather. Celestia (TIA), the fast-growing modular data network, plunged to a multi-month low of $11.50 on Tuesday, down from the year-to-date high of $21.15. It has now bounced back to about $15.
“Bitcoin is not going to change much,” says Ali. “Layer 2s are innovative and open to making rapid changes.
What comes up inevitably goes in the opposite direction.
Bifrost and Stacks unveil a partnership to bring Bitcoin staking and a new stablecoin, BtcUSD, to enhance the Bitcoin ecosystem.
In a recent development, the Bitfrost Foundation has allied with the Stacks Foundation to explore new opportunities within the Bitcoin ecosystem. This partnership is dedicated to harnessing Bitcoin's potential by introducing innovative use cases and improving interoperability with assets and protocols based on Bitcoin.
OP, TAO, STX, MNT and other altcoin charts flash bullish signs as Bitcoin attempts to recapture the $70,000 level.