Stacks

Stargate Finance

Hedera

DeFi

Pyth Network

<p>The prices of Stacks (STX) and Pyth Network (PYTH) tokens have seen massive pumps lately, with both surging over 20% in the last 24 hours. According to the latest price data from CoinMarketCap, Stack’s price is currently <a href="https://coinmarketcap.com/currencies/stacks/" target="_blank" rel="noopener noreferrer nofollow">$3.09</a>, up 21.94% over the past day, while Pyth Network’s price sits at <a href="https://coinmarketcap.com/currencies/pyth-network/" target="_blank" rel="noopener noreferrer nofollow">$0.697340</a>, up 26.56% in the same timeframe.</p>
<h2 class="wp-block-heading" id="strong-stacks-stx-price-surge-strong"><strong>Stacks (STX) Price Surge</strong></h2>
<p>As <a href="https://x.com/bitcoinape_/status/1762472646128603370?s=20" target="_blank" rel="noopener noreferrer nofollow">noted</a> by BitcoinApe on X (formerly Twitter), the 100% ROI on STX in less than 30 days is now complete, with the coin breaking past the $2.9 resistance level with a bullish engulfing candle. The token reached a new two-year high by hitting the $3.1 price point. The $2.9 resistance level proved difficult previously, only being breached on the fourth attempt.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="450" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1017-1024x450.png" alt="" class="wp-image-444619" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1017-1024x450.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1017-300x132.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1017-768x337.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1017-1536x674.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1017-2048x899.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1017-342x150.png 342w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1017-100x44.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1017-797x350.png 797w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1017-788x345.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1017.png 1280w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>STX is now coming close to its former all-time high price of $3.39. The coin has witnessed remarkable growth over the past three months, including in its total value locked (TVL) and market capitalization. As the Bitcoin halving event draws nearer, BitcoinApe expects STX to demonstrate even more bullish price activity.</p>
<p>Additionally, crypto analytics firm LunarCrush <a href="https://x.com/LunarCrush/status/1762272479459078208?s=20" target="_blank" rel="noopener noreferrer nofollow">highlighted</a> on X that STX has seen the largest surge in social activity over the past year out of all assets, with interactions rising nearly 16,000%. This aligns with growing excitement around Bitcoin Layer 2 solutions, which STX also operates on. Specific social metrics for STX have skyrocketed over the past year, including posts (+4,149.4%), creators (+1,844.5%), and social dominance (+198%) across all cryptocurrencies.</p>
<h2 class="wp-block-heading" id="strong-pyth-network-pyth-developments-strong"><strong>Pyth Network (PYTH) Developments</strong></h2>
<p>The Pyth Network also <a href="https://x.com/PythNetwork/status/1762447638081999263?s=20" target="_blank" rel="noopener noreferrer nofollow">released</a> a price feed for STG/USD, where STG tokens power the Stargate Finance liquidity transport protocol. The Pyth STG/USD price feed is now available on over 50 different blockchains for developers to leverage in their decentralized applications (dApps).</p>
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<p>Furthermore, in a retrospective token airdrop, the Pyth Network <a href="https://x.com/PythNetvvork/status/1762479920322674924?s=20" target="_blank" rel="noopener noreferrer nofollow">distributed</a> over $160 worth of PYTH tokens to more than 160 dApps powered by Pyth across 27 different chains. This expanded reach was not just aimed at DeFi participants but also to additional members of the Pyth community.</p>
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<p>Most recently, the Pyth Network <a href="https://pyth.network/blog/pyth-price-feeds-launch-on-hedera" target="_blank" rel="noopener noreferrer nofollow">launched</a> a collaboration with Hedera Hashgraph to offer over 400 Pyth price feeds on the Hedera public ledger. This grants Hedera developers access to real-time pricing data to secure their DeFi apps on the network.</p>
<p>The ongoing traction and integration of both the Stacks and Pyth Networks continue fueling the strong upside price momentum for their respective STX and PYTH governance tokens. With bullish sentiment around Bitcoin and Layer 2 scaling solutions, coupled with the steadily growing ecosystem adoption, the price outlook remains positive for both digital assets.</p>
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<p>The post <a href="https://captainaltcoin.com/stacks-stx-and-pyth-network-pyth-prices-pumping-heres-why/" rel="noopener noreferrer nofollow">Stacks (STX) and Pyth Network (PYTH) Prices Pumping – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Stacks (STX) and Pyth Network (PYTH) Prices Pumping – Here’s Why

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