A series of significant developments have recently swirled around
Stacks (STX), a Layer 2 protocol for Bitcoin that seeks to enable smart contracts and decentralized applications (DApps). Notably, the Stacks network underwent a
Nakamoto upgrade, bolstering the system's speed and efficiency when processing Bitcoin transactions. Resultingly,
STX has seen growing bullish sentiment, with some predictions projecting the asset’s price could reach $3.80 by 2025 or even soar by 300% in the wake of Bitcoin’s resurgence to $60,000. Further fostering optimism, BitGo has integrated Stacks for Bitcoin rewards in response to increasing demand from institutional investors. Moreover, Stacks boasts a new Asia Foundation backed by $15 million funding. In a notable event, the SEC cancelled an investigation of Bitcoin Layer 2 Stacks and its builder, Hiro. Industry forecasts suggest that STX token, alongside other altcoins like RUNE and ORDI, may gain following Bitcoin's halving. Meanwhile, users now can book travel accommodations using STX on
Travala. Analysts predict altcoins like STX will outperform Bitcoin, with some predicting a potential rally of 70%. Unsurprisingly, STX has been making strides in the market, even with volatility and potential reversal on the cards.
STX Coin News Analytics from Tue, 26 Jan 2021 17:37:52 GMT to Sun, 19 Jan 2025 09:30:36 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor -2
