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The value of Stacks [STX], a token related to the Bitcoin [BTC] ordinals NFT, surged 27.40%, according to data from CoinMarketCap.

Stacks' use of Bitcoin-compatible smart contracts has positioned it to take advantage of the hype surrounding Ordinals.

One of the hottest altcoins on the crypto market may have more room to run, according to a closely followed trader.

Despite an aggressive downfall in the crypto market last week, the Stacks coin price managed to sustain at higher chart levels, indicating the buying pressure is intense. Defying the correction phase, market leaders bitcoin and Ethereum, the STX price showed a slow yet steady rally.

Stacks is a Bitcoin-adjacent blockchain, and STX is the native token powering it. The network was launched on Bitcoin in 2017 to enable developers to build and launch smart contracts secured by the host blockchain.

I suspect traders are betting that there isn't a follow-up to Bitcoin NFTs and this is more of a flash in the pan, one analyst said.

Chris Burniske, Partner at venture capital firm Placeholder, has claimed that the release of Stacks' upcoming features will enhance Bitcoin's programmability, which will benefit Stacks ($STX), “an open-source platform to enable smart contracts, DeFi, NFTs, and apps for Bitcoin.

The crypto market has gained momentum with the start of 2023 — with the total market capitalization surpassing the $1 trillion mark. Some assets have continued the upward trend in February as well.

The previous week has seen Stacks (STX), the token that powers a layer-1 blockchain solution that integrates smart contracts and

The crypto market has gained momentum with the start of 2023 — with the total market capitalization surpassing the $1 trillion mark. Some assets have continued the upward trend in February as well.

Stacks continues to be the best performer from the top 100 crypto assets.

As the third month of 2023 approaches with the sentiment of careful optimism on the cryptocurrency market, many crypto traders and investors are analyzing the landscape, trying to discern which digital assets are worthy of their attention in the following few weeks.

STX continues with its impressive performance as of late, with another double-digit price surge.

This article is all about the top 5 cryptocurrencies that performed well in the last seven days. Let's take a look at it in more detail.

Crypto stocks also had a tough week. 

The Ordinal craze was witnessed earlier this month. To date, more than 150k inscriptions were made, according to Dune Analytics.

Over the last month, Stacks (STX) has been on a tremendous rally. The coin emerged as one of the top gainers, rallying upwards even at a time when the broader crypto market was suffering from low momentum.

The price of STX has exploded by a whopping 160% in just a week. Some experts believe it still has room to grow.

Key Points: Recently, the market growth is being led by Stacks (STX), which is a layer 1 blockchain solution aimed to introduce smart contracts and decentralized apps (dApps) to Bitcoin (BTC). Over the previous twenty-four hours, the value of this cryptocurrency has increased by 30.19%, reaching $0.835.

While the market leaders Bitcoin and Ethereum show uncertainty in their price action, the Stacks coin price displayed near perpendicular growth in the second half of February 2023. This coin price rallied 188% since the February 15th low and reached a nine-month high of $0.878.

Bitcoin smart contract protocol Stacks has seen a surge in activity in recent weeks. As a result, its native STX token has more than doubled.

Stacks Network (STX) market cap reclaimed $1 billion on February 22, following a weeklong rally that saw it rise by 135%, according to CryptoSlate's data.

Besides Ankr (ANKR), which is seeing a massive price increase due to its partnerships with Microsoft and Tencent, the Bitcoin layer-2 network Stacks is currently the hottest topic on the altcoin market. STX is up a whopping 132% in the last seven days and has seen a 15% price increase in the last 24 hours alone.

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