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 <p>The price of STX has been on the rise becasue of the new Ordinals Protocols. It is a new protocol that allows NFTs&nbsp;to be stored on the Bitcoin <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a>.</p>  
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 <h2 id="stacks-stx-bags-inflows">Stacks (STX) Bags Inflows</h2> 
 <p>In the last two weeks, Stacks noted a massive price surge, but today, the <a rel="noopener noreferrer nofollow" title="altcoin" href="https://thebittimes.com/tag/altcoin.html">altcoin</a> exploded and rose by 66.84%. In doing so, the coin marked a local top of $0.6831. But the bullishness over the last 30 days combined with the cues from the broader market is the actual reason behind this rise.</p> 
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  <img decoding="async" class="size-full wp-image-139643" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201162%20636'%3E%3C/svg%3E" alt="" width="1162" height="636" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/25/4a809740e592f251df0eeb24090d3d38.webp"> 
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    Source – CoinMarketCap 
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 <p>According 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. In the past four weeks, the token has surged nearly 120%, putting it among the top-performing cryptocurrencies so far.</p> 
 <h2 id="transaction-volume-soars-by-500">Transaction Volume Soars by 500%</h2>  
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 <p>Stacks (STX) is currently ranked the 52nd-largest digital asset by market capitalization, but its price of $0.6831 is having one of the best days out of the top 100 cryptocurrencies. Thus, the allure of the Stacks led to a significant rise in the activity from investors as well. And the <a rel="noopener noreferrer nofollow" title="altcoin" href="https://thebittimes.com/tag/altcoin.html">altcoin</a> noted a nearly 500% increase in 24-hour trading volume, with Binance, Coinbase, and Kucoin hosting the majority of those trades.</p>  
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 <p>With a market capitalization of $929,658,327 and a 24-hour trading volume up by 497.62%, STX stands at $830,635,783. At the same time, the circulating supply is approximately 1,360,897,676 STX, as per CMC.</p> 
 <p>Also Read: Crypto Is ‘Dangerous’ And Similar to Gambling, Says World Wide Web Inventor</p> 
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Stacks (STX) Price Rallies by 65%

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