Stacks (STX) Pulls Ahead Of Top 50 Altcoins With 10% Price Spike
Stacks, the blockchain platform that promises to bring smart contracts to Bitcoin, has outperformed most altcoins in the top 50 roster in the market today. While other cryptocurrencies struggled to make significant gains yesterday, the tables have turned today as Stacks’ native token rises to new heights. This spike in value has left many investors wondering if Stacks is poised to become the next big thing in the world of blockchain technology. Related Reading: Bitcoin Price Poised To Hit $50,000, This Crypto Expert Predicts STX Price Rallies In Last 7 Days The price of STX at....
Related News
The year 2021 has started off on an incredibly good note for the crypto industry as Bitcoin and others hit all-time highs. Carrying that momentum further is the revolutionary Stacks project (you may recognize it as Blockstack) which launches their Stacks 2.0 blockchain on January 14. Stacks 2.0 is a layer-1 blockchain that uses Bitcoin […]
The bitcoin price has undergone another drop. Hovering at around $658 at press time, this is a fall of about $8 since our previous price piece. Altcoins Forge Ahead as Bitcoin Price Pulls Back. In our last discussion, the notion that ether was harming bitcoin’s ongoing rise was explained. That particular argument still stands; the most recent news is that Coinbase, primarily a bitcoin exchange up to this point, has now added Ethereum to the mix, and will offer ether-based services to its customers. A Coinbase representative explained: “Ethereum is pushing the digital currency ecosystem....
There were also 140,000 NFTs minted on the Stacks blockchain during its inaugural year. On the first anniversary of the launch of Stacks blockchain (STX), which seeks to make Bitcoin (BTC) programmable, the network achieved over 350 million monthly API requests, 40,000 Hiro (development tool for Stacks to build applications on Bitcoin) wallet downloads, and 2,500 Clarity smart contracts. According to a report by Electric Capital, a venture capital firm focused on cryptocurrencies and fintech, these statistics make Stacks the largest project on Bitcoin.More than 11,000 users earned more....
Bitcoin is widely considered to be the world’s leading cryptocurrency. However, builders can use this technology to develop powerful applications, protocols, products, and services. Several ecosystems emerged on top of Bitcoin over the years, and Stacks continues to note tremendous growth. The Ongoing Evolution of Stacks Many people may recall Stacks under its former name of Blockstacks. It is a smart contract layer for Bitcoin tethered to the Bitcoin blockchain through a cross-chain consensus mechanism. The hash of the Stacks state is embedded into every Bitcoin network block. More....
The massive move upside appeared as a $165 million fund is launched by OKcoin to build apps on the Bitcoin blockchain using Stacks. Stacks (STX) pared a considerable portion of the gains it made on March 10 as the euphoria surrounding its $165 million pledge to support Bitcoin (BTC) projects showed signs of fading.STX's price dropped by over 30% to reach a level as low as $1.33 on Friday when measured from its week-to-date high of $1.94. The selloff, in part, appeared technical as the $1.94-top fell in the same range that served as solid support between October 2021 and January 2022, only....