Stacks (STX) is a rapidly growing cryptocurrency that has recently seen numerous important developments. The coin aims to
capitalize on its latest upgrade, the Nakamoto Upgrade, which is creating a buzz in the investment sector. Experts predict a long-term growth for STX following this upgrade. This layer-2 Bitcoin protocol now enables users to earn Bitcoin as a reward for participation. Regulators like the SEC have recently dropped its investigation into Stacks, giving further stability to the ecosystem. A major development is the coin's entry into the DeFi (Decentralized Finance) world with a partnership with Mantra DAO (OM), leading it to be coined as the new DeFi sensation. Along with this, the
launch of STX's upgrade as well as the release of a stablecoin are anticipated to provide impetus, causing a surge in its price. '
Stacks Asia Foundation', backed by 15 million USD, has also been launched to accelerate its growth in the fastest-growing cryptocurrency market. Notably, major crypto merchant Travala has brought STX to travel bookings. A sudden surge was seen in the short-term price of STX, reaching a high of 2.38 USDT. Contributors at Bitcoinist.com advise adding STX to long-term investment plans. Notably, Pantera Capital predicts a price surge for the STX Coin. Despite the positive sentiment, the cryptocurrency has faced episodes of bearish price action, recently seeing a 20% price drop. STX holds promise for its substantial role in enhancing Bitcoin’s functionality and adoption, particularly in light of growing interest in layer-2 Bitcoin.
STX Coin News Analytics from Tue, 26 Jan 2021 17:37:52 GMT to Wed, 25 Dec 2024 08:00:00 GMT -
Rating 6
- Innovation 7
- Information 9
- Rumor 8
