Stacks (STX) Hits Record Highs on Upgrade Approval
Login

Stacks (STX) Hits Record Highs on Upgrade Approval and BTC Yield Potential

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


The native token of the Bitcoin smart contract platform, Stacks (STX), surged by over 30% to reach $3.65, driven by approval for a significant network upgrade named Nakamoto. The upgrade promises enhanced block times and improved security, with the testnet scheduled for March 25 and mainnet activation by May’s end.

Overwhelming community support saw two thousand seven hundred accounts endorsing the Nakamoto upgrade, with 150 million STX tokens backing it. Meanwhile, excitement mounts over Stacks co-founder Muneeb Ali’s announcement of distributing two hundred million dollars in Bitcoin yields to users this year, making Stacks the only digital asset offering native Bitcoin yield.

The surge in STX prices underscores Stacks’ growing momentum and its potential to reshape the crypto landscape. With Nakamoto’s approval and the promise of lucrative BTC yield rewards, Stacks is poised for further growth and innovation.

Key STX Levels to watch

Stacks (STX) Hits Record Highs on Upgrade Approval and BTC Yield PotentialThis week, Stacks has demonstrated a notable bullish breakout, surpassing the range that had been established since February 15th. This development appears to mark the continuation of the impulsive phase within the market. Notably, Stacks has consistently exhibited a discernible market structure characterized by periods of impulse followed by corrective phases, particularly since its emergence from a prolonged accumulation phase extending from August to October.

The current price action suggests a resumption of bullish momentum, with expectations leaning towards a rally towards the next institutional price target of $4.00 for crypto signals.

STKUSD Critical Levels

Demand Levels: $2.380, $1.240, $0.580
Supply Levels: $4.00, $5.00, $6.00

STX Metrics

Total Market Cap: $2.58T
STX Market Cap: $4.85B
STX Volume (24h):$581.4M
Rank: 25

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News