Search results for: stacks

Bitcoin L2 network upgrade received support as Binance backed Stacks’ upgrade. Bitcoin’s TVL showed growth while Stacks’ TVL remained stagnant.

Stacks’ social metrics increased, triggering a price hike. Buyers and sellers are in a heated bit for control. As a new week begins, assets that were deprived of attention in the last seven days have been getting noticed by investors. Stacks [STX], the Bitcoin [BTC] layer for smart contracts, was one such token, as revealedContinue reading “Stacks [STX] gains newfound attention from investors, but will its uptrend last”

Stacks TVL surged considerably despite prices going south. Interest in NFTs started falling after the weighted sentiment metric declined. Stacks [STX], the layer 1 solution for Bitcoin, has been on the receiving end of positive developments with Ordinals and Inscriptions in the fore. It’s trite now to say- with the introduction of these new products,Continue reading “Stacks’ TVL story is way too interesting for STX holders, know why”

The Bitcoin layer one (L1) settlement project upgraded its network to a new version. The king coin seems to have played a significant role in the STX performance, as it tapped an overbought level. Stacks [STX], known as the Bitcoin [BTC] layer for smart contracts, announced its activation of the 2.1 version on 19 March.Continue reading “Stacks 2.1 deployed: Is BTC the catalyst STX needed all along”

The STX price remained in the bullish region since the Bitcoin Ordinals hype. The Bitcoin taproot utilization increased as Stacks develops hyperchain. The value of Stacks [STX], a token related to the Bitcoin [BTC] ordinals NFT, surged 27.40%, according to data from CoinMarketCap. This was in contrast to the sentiment displayed by the broader crypto market, whichContinue reading “How Bitcoin Ordinals boost drove up the Stacks [STX] price”

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The huge rally of Stacks might be near its end, but that does not rule out a push past $1. Short sellers must be extra cautious. The Ordinal craze was witnessed earlier this month.Continue reading “Stacks [STX]: A 165% 7-day rally, will the bull run continue in March?”

STX has been trading at a significant discount from its $3.25 high that it achieved in December last year. However, it looks like the tides are about to shift in favor of the bulls, now that it is in a critical support zone. STX’s price action has been overall bearish since its ATH, with someContinue reading “Should Stacks [STX] traders expect more discounts in the days to come”

Decentralized finance is one of the biggest concepts in the blockchain world and has fueled a thriving sector with more than $70 billion locked in different DeFi protocols. Ethereum has dominated the DeFi sector with many dApps built on its network. This is despite Bitcoin having the largest share in the crypto market with 46%Continue reading “StackSwap tackles the issues of creating a DEX on Bitcoin Network”

Bitcoin-focused DeFi has long been in the works, to take advantage of its decentralized network. Recently, Stacks co-founder and data scientist Muneeb Ali stated, “Bitcoin apps and contracts always sounded like good ideas in theory. The only thing that has changed now is that Stacks is making them real.” Stacks was introduced as a layer-1Continue reading “With dApps and smart contracts, will Stacks be Bitcoin’s entry into Ethereum’s turf”

The recent dip in altcoin prices had a negative impact on the portfolios of top traders. However, the comeback is offering opportunities to book unrealized profits. During this consolidation across altcoins in the top 100 based on data from coinmarketcap.com, the concentration by large HODLers has increased. There is an increasing number of transactions andContinue reading “Here’s what you can do about alts like Stacks, Dogecoin, Flow, and Siacoin”

Ethereum pictured a bearish divergence that could see the price revisit $2,370. However, across the altcoin market, gains were massive over the past few days, as evidenced by the falling BTC Dominance. Uniswap retraced after a strong move upwards, before recovering somewhat and it could push higher still. Finally, Stacks was in a similar spotContinue reading “Ethereum, UNI, Stacks Price Analysis: 16 April”

EOS could push north of $8 after negotiating a minor dip towards $7.5. Similarly, Ethereum Classic was tipped to retrace towards $20 before the next upswing. Finally, Stacks was moving within a rising wedge, but the indicators were bullish at the time of writing. EOS On the 4-hour timeframe, EOS saw a breakout from anContinue reading “EOS, Ethereum Classic, Stacks Price Analysis: 14 April”