Stacks

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DeFi

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<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

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