Investors Flock To Stacks (STX) As It Gains 10% Against The Bears – Here’s Why
2023年12月19日 - 12:00AM
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Although the market is experiencing an enormous pullback from its
month-long rally, a few outliers continue on their upward march.
Stacks (STX) is one of the few altcoins that stemmed the bearish
tide and even went against the grain of the market. According to
Coingecko, the token is up nearly 21% in the weekly timeframe.
However, STX is starting to feel the pressure. As of writing, the
token is already down 3% in the past hour. This brings the question
of whether STX bulls can continue the rally or will falter along
with the others. Related Reading: Solana Threatens To Unseat
Ethereum In Trade Volume With $1 Billion In Single Day A New
Project Enters The Fray In an exciting turn of events, the Stacks
Status X account posted an update about network congestion that
happened yesterday. “An exciting new project bringing
Ordinals and Stacks closer together launched this weekend. We’re
thrilled to see it, but flagging that as a result, the network is
seeing increased fees and likely congestion,” said the X account on
their recent thread. This event is taken as a sign that
Stacks is entering a painful growing phase that may or may not
signal a brighter future for the network. However, running
alongside this congestion is the most recent blog post of the dev
team. An exciting new project bringing Ordinals and Stacks
closer together launched this weekend. We’re thrilled to see it,
but flagging that as a result, the network is seeing increased fees
and likely congestion. More👇 — Stacks Status (@stacksstatus)
December 17, 2023 According to muneeb.btc, the code for the
Nakamoto Testnet (now branded as Neon) is not complete and will be
launched by the end of the month. Nakamoto will be the update
that will define the network. STXUSD trading at $1.095 on the
daily chart: TradingView.com The Stacks’s Notion site
announced: “The Nakamoto release brings many new capabilities
and improvements to the Stacks blockchain by focusing on a set of
core advancements: improving transaction speed, enhancing finality
guarantees for transactions, mitigating Bitcoin miner MEV (miner
extractable value) opportunities that affect PoX, and boosting
robustness against chain reorganizations.” If this testnet
launch betters the usability of the network and the experience of
its users, it will bring a certain bullish yearend for STX. Related
Reading: Internet Computer Loses Grip On $10, But Still Inks 82%
Rally – Details Stacks Stuck In Between Two Rocks At the time of
writing, STX bulls are trying to break out of the $1.1185 price
ceiling which has been held by the bears since the start of the
month. If the bulls manage to take this price level, STX will
continue to reach higher highs. However, the current market
conditions might prohibit such price movements. Even with a bullish
case for the yearend, the token might stabilize between $0.9594 and
$1.1185 in the coming days. Featured image from Pixabay
Stacks (COIN:STXUSD)
過去 株価チャート
から 5 2024 まで 6 2024
Stacks (COIN:STXUSD)
過去 株価チャート
から 6 2023 まで 6 2024