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.
Web3 gaming studio Drift Zone secured a $190,000 grant from the Sei network to integrate its ecosystem on the blockchain.
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.
Sei Labs and the Sei Foundation launch the Sei Research Initiative to address Ethereum Virtual Machine limitations, enhancing scalability and decentralization.
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.
It's adding support for the Sei Network, so users will soon be able to buy, sell, and trade all their favorite Sei NFTs in one place. Magic Eden is like a big online store for NFTs.
The launch of Bitcoin L2 Labs is expected to catalyze growth in decentralized applications, making Stacks an even stronger player in Bitcoin-based technology.
A closely followed crypto analyst says Ethereum (ETH) may be gearing up for a massive breakout against Bitcoin (BTC). In a new strategy session, trader Michaël van de Poppe tells his 733,600 followers on the social media platform X the Ethereum/Bitcoin pair (ETH/BTC) is showing a bullish divergence on the daily chart.
Latest updates on the SEI, ONDO, and CETUS coins.
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.
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.
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.
Sei Network's token was trading at approximately $0.396, marking an impressive increase of 8.33% within a short time frame. This rise has brought the cryptocurrency closer to a crucial resistance level at $0.40, with analysts closely monitoring this point as a potential catalyst for further upward movement.
A popular crypto analyst thinks one layer-1 blockchain is gearing up for a run similar to the one Sui (SUI) has witnessed. On the social media platform X, the pseudonymous analyst known as Bluntz shares a chart predicting a huge price explosion for the native token for the blockchain project Sei (SEI).
Ever since the launch of the Bitcoin ETF, the institutions have been accumulating the token heavily. As the price is ascending towards the ATH, these activities have been intensifying, and as a result, the total ETFs held by them have now surpassed the Bitcoins held by Satoshi Nakamoto.
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.
Sei Network's DeFi integration has fueled its latest price surge, with technicals hinting at sustained growth.
Crypto Prices Today, October 30: The broader market on Wednesday sparked mixed investor sentiments globally, illustrating both gaining and slumping price trajectories. Bitcoin (BTC) price topped the $72K level intraday, while major altcoins showed mixed signals, but SUI and SEI were up 7%-11%.
STX's recent Nakamoto upgrade has unlocked faster transaction speeds and introduced sBTC, positioning the token for potential gains.
The Sei Creator Fund has concluded two rounds, supporting 270 projects in the developer and gaming sectors with a $500,000 SEI pool, enhancing ecosystem development and Sybil detection.
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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.
Orderly Network, a Web3 liquidity provider, has announced its expansion into Sei, the first parallelized Ethereum Virtual Machine (EVM) blockchain, as detailed out to Finbold on Monday, October 28.
The popular tokens SUI & SEI have gained immense attention after they demonstrated monstrous moves in the past few weeks. Besides, they managed to attract huge volumes that kept up the bullish momentum of both tokens.
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.
Stacks is awaiting a major upgrade, but will it push the token above $2?
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.
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.
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.
Cryptocurrency prices bounced back this week, with Bitcoin surging to over $67,000, and the crypto fear and greed index approaching the greed area of 60. Bitcoin is approaching the important resistance point at $70,000, raising the possibility that it will retest the all-time high of $73,800.
In just three months, it has become the layer-1 (L1) chain with the highest percentage of daily active wallet growth. This means more people are using Sei every day compared to other big names like Sui Network, Ethereum, and Solana.
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.
TL;DR High-Performance Blockchain: Sei (SEI) is designed for rapid transaction processing and robust security, making it ideal for high-frequency trading and institutional trust. Diverse Price Predictions: SEI's price forecasts from 2024 to 2030 vary widely, with both optimistic and conservative outlooks.
Sei (SEI) has emerged as a trailblazer in the cryptocurrency realm, known as the first sector-specific Layer 1 blockchain. Its unique design aims to optimize decentralized exchanges (DEXes), enhancing trading processes for better performance in the competitive crypto landscape.
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.