Stacks: New Network Upgrades Push STX Price Up By 18% – Details
2024年9月27日 - 6:00PM
NEWSBTC
Stacks (STX) has regained and built up its momentum over two weeks
after a bloody September start. Since then, the token has garnered
much-deserved attention as developments on the platform mount up.
According to CoinGecko, STX surged over 18% since last week,
representing a strong flip in investor sentiment. Related
Reading: Massive XRP Rally Incoming? Analyst Predicts 220% Price
Jump – Details Stacks continue to make noise as more partnerships
are unveiled this week; several of which might open a new reality
on Stacks. With the hyped potential of the so-called Bitcoin
economy underneath Stacks, investors and traders might see a lot of
green in the coming days. New Developments Fuel STX
Growth In an X post by the official Stacks account, the
platform has announced that Hermetica.fi, a stablecoin
provider in the Stack’s ecosystem, has deployed USDh. The
stablecoin has been described as the first “Bitcoin-backed,
yield-bearing” synthetic dollar available on the retail market.
Hermetica’s marketing of the new stablecoin is aggressive, with a
time-limited staking APR of 25%. Stacks’ leading Bitcoin L2
ecosystem continues to grow 🧡 Congratulations to @HermeticaFi for
the official launch of their USDh stablecoin on Stacks. To
celebrate, Hermetica is offering a prize pool to early movers. More
information is available below. 1/2 pic.twitter.com/3EYmefYEPI —
stacks.btc (@Stacks) September 25, 2024 Institutional investors
might also be around the corner as Anchorage Digital, an
institutional wallet provider, has announced their support for
Stacks, opening the door for the platform to be exposed to
institutional entities, possibly improving the Stacks’s future
development. Introducing institutional investors will push the
platform to develop at a faster pace. With the final step in
activating the Nakamoto upgrade, several SX users have released
posts regarding the benefits of the network upgrade. All in all,
the conclusion is the same: the Nakamoto upgrade will significantly
improve user experience while simultaneously allowing developers to
access the $1 trillion in liquidity under Bitcoin, with sBTC, a
1-to-1 Bitcoin-backed asset in Stacks, integrated with Solana and
Aptos for quicker distribution and adoption. Investors Should Watch
Stacks On These Levels STX retains some of its momentum, breaking
any short term possibility of a reversal as it breaks through $2.02
in the short term. This price action nets the bulls some serious
gains, but this triumph might only be temporary as the bulls lose
momentum to maintain a steady trajectory. The relative strength
index (RSI) of the token suggests that the bulls may encounter a
wall around $2.2 in the short term, possibly letting the bears gain
strength equaling the current bullishness. A movement like this
will keep the token’s price stable, possibly giving the bulls
enough time and room to maneuver upwards in the medium term.
Related Reading: Popcat Climbs By 35% – $1 Target Within Reach If
STX remains at its current support level of $2.02, we might see a
surge upward in the coming days; that’s if the the pullback the
market is currently experiencing to flip bullish. However, if the
bulls fail to hold this position for a medium term movement, the
bears might pull the token towards $1.885 or lower if they build up
enough momentum. Featured image from Stacks, chart from TradingView
Stacks (COIN:STXUSD)
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から 10 2024 まで 11 2024
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過去 株価チャート
から 11 2023 まで 11 2024