Stacks

World

DeFi

Bitcoin

Propel

<ul>
 <li>STX leads CoinMarketCap’s top-gainers list, reflecting investor interest and recovery momentum.</li>
 <li>Recent integrations and developments in Stacks strengthen network security and boost DeFi activity.</li>
</ul>
Stacks (STX), the native token of Bitcoin’s layer-2 network, has unexpectedly led the list of top-gainers on CoinMarketCap.
At the time of writing, STX is trading around $1.58, up 7.83% over the last 24 hours. Over the last several days, STX has gained a lot of interest from investors, constantly recovering from its short-term lows despite the continuous price volatility of Bitcoin (BTC), which is struggling to break through the $60,000 resistance level.
<h2 id="strong-analyst-predicts-major-bullish-leap-for-stacks-strong">Analyst Predicts Major Bullish Leap for Stacks&nbsp;&nbsp;</h2>
Popular cryptocurrency analyst World of Charts recently <a href="https://coinmarketcap.com/currencies/stacks/" rel="noopener noreferrer nofollow">shared</a> a bullish analysis for Stacks, indicating an intriguing possibility following a healthy correction.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24Stx&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$Stx</a>
 Looks Attractive Here After Healthy Correction Looks Ready For Another Bullish Wave Over All Consolidating In Descending Channel ( On Lower Timeframe Breaking Falling Wedge Too Expecting 2x Bullish Wave Incase Of Successful Breakout <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Stx?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Stx</a> <a href="https://twitter.com/hashtag/Stacks?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Stacks</a> <a href="https://t.co/ae7KZZJ8hk" rel="noopener noreferrer nofollow">pic.twitter.com/ae7KZZJ8hk</a>
 — World Of Charts (@WorldOfCharts1) <a href="https://twitter.com/WorldOfCharts1/status/1810996265871671743?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 10, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The chart he shared showed the possibility of a major bullish wave. According to him, all signs are consolidating within a descending channel pattern on a lower period, breaking the falling wedge. This setup, if effective, might result in a double bullish wave.
Recent developments within the Stacks ecosystem appear to be supporting STX’s upward momentum. CNF previously <a style="color: #008000;" href="https://www.crypto-news-flash.com/hypernative-to-secure-stacks-ecosystem-with-advanced-real-time-threat-detection/" rel="noopener noreferrer nofollow">reported</a> that the Hypernative Protocol has secured the Stacks environment. This new integration promises to improve network security by including enhanced real-time threat detection.
Furthermore, stacks reached an all-time high, with <a style="color: #008000;" href="https://www.crypto-news-flash.com/stacks-surpasses-150m-stx-in-defi-lock-bitflow-leads-innovations/" rel="noopener noreferrer nofollow">over 150 million STX locked</a> in DeFi programs. Also, earlier this year, Tim Draper stated, “I am very excited about Stacks.” Draper, who is known for supporting startups that try to combine critical applications with Bitcoin, <a style="color: #008000;" href="https://www.crypto-news-flash.com/stacks-stx-shoots-up-8-amid-tim-drapers-positive-outlook/" rel="noopener noreferrer nofollow">bolstered his image by sponsoring Stacks</a>.
As Stacks continues to show potential growth and stability, investors and analysts are keeping a careful eye on its progress and market movements.

Exciting Developments Propel Stacks (STX) to Top Gainers List

Inhoudsopgave

Crypto News Flash

Andere artikelen gepubliceerd op 11 jul 2024

Huge BitMEX Outflows Can Ignite Bitcoin Bulls

Zero Hash Integrates Sui Blockchain Accessibility

Crypto Analyst Urges Investors to Buy and Hold Ripple (XRP)

Bitcoin Miner Hut 8 Secures Major Expansion with New West Texas Power Deal

Binance Expands Offerings with New Trading Pairs and Bot Services

PYUSD Surges on Solana: Rapid Growth in Stablecoin Demand

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!