Bitcoin Layer 2 Stacks STX (STX) Price Increased by 55% Following This Update
After making remarkable gains over the past 24 hours, Stacks (STX), which is the native token for Bitcoin layer 2 Stacks Network managed to stand out today. STX has been in an uptrend for the last four weeks. If the token of layer 2 blockchain is able to overcome the $0.70 resistance, then there will be only a few resistance levels before it reaches $1.0.
The new Ordinals Protocols have seen STX prices rise. It’s a new protocol that allows NFTs stored on the Bitcoin blockchain.
Bags Inflows Stacks (STX).
Stacks has seen a huge price rise in the last two weeks. However, today’s altcoin explosion saw it surge by 66.84%. The coin reached a local high of $0.6831. This rise is due to the bullishness of the last 30 days and the cues from broader markets.
Source – CoinMarketCapAccording to data from the crypto market tracker CoinMarketCap, STX has observed rising bullishness since the beginning of this year, after successfully marking a bullish crossover on the day before. The token has risen nearly 120% in the past four weeks, making it one of the most successful cryptocurrencies.
Transaction Volume Rises by 500%
Stacks (STX), currently ranked 52nd largest digital asset by market capitalization is having one the best days of any of the top 100 cryptocurrencies. Stacks’ appeal led to significant investor activity. The altcoin also saw a nearly 500% rise in 24-hour trading volume. Binance, Coinbase and Kucoin hosted the majority of those trades.
STX is valued at $830.635,783, with a market capitalization $929,658,327, and a 24-hour trading volume of up to 497.62%. CMC also indicates that the circulating supply of STX is approximately 1,360.897,676 STX.
Also read: Crypto is ‘Dangerous’ and Similar to Gambling, Says World Wide Web Inventor
About the author
The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.