↑ Stacks Makes Significant Strides with Nakamoto Upgrade, Harnesses Major Crypto Attention
Stacks , the notable Bitcoin Layer-2 Project, is making strides with the activation of its eagerly awaited 'Nakamoto' upgrade. The 'Nakamoto'...
Several news sources have highlighted Stacks (STX), a layer-one blockchain solution, designed to bring smart contracts and decentralized apps (dApps) to Bitcoin. Amidst increasing institutional demand, security and infrastructure provider for cryptocurrencies, BitGo, integrated Stacks into their platform, enhancing Bitcoin's capabilities, and allowing Bitcoin rewards and staking.
Moreover, reports indicate that the Securities and Exchange Commission (SEC) dropped its investigation into Stacks' developer, Hiro Systems, without levy enforcement action. Hiro Systems applauded the conclusion and continued advancement of the Stacks project in light of the closed investigation. Financial outcomes post-SEC probe have caused Stacks to see surge in inflows, reaching a 2-month high.
On the price aspect, Stacks price inches closer to $2, and some prediction suggests it might surge in 2024, 2025, and 2030. Significantly, this has caught the attention of institutional-grade investors, with Grayscale Investments launching the Grayscale Stacks Trust. Also, money inflows have hit a two-month high contributing to an almost 4% rise in Stacks' value in 24 hours.
Equally important, the cryptocurrency underwent a seminal upgrade: the Nakamoto upgrade, which reflected a new era for the Bitcoin L2 scaling network and added more staking options.
Further pushing its footprint in the music industry, Stacks has launched a 4-track Granular Looper, Sequencer, and Synthesizer, alongside having been integrated into aBTC and sUSDT by ALEX. Also, the launch of Congburn Stacks, a granular looping groovebox plugin has added to Stacks' market appeal.
Stacks News Analytics from Fri, 12 Jan 2024 08:00:00 GMT to Fri, 19 Jul 2024 12:31:24 GMT - Rating 8 - Innovation 6 - Information 7 - Rumor -3
