{"id":644809,"date":"2024-09-27T09:00:59","date_gmt":"2024-09-27T09:00:59","guid":{"rendered":"https:\/\/ktsl888.com\/?p=644809"},"modified":"2024-09-26T14:27:17","modified_gmt":"2024-09-26T14:27:17","slug":"stacks-new-network-upgrades-push-stx-price-up-by-18-details","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/stacks-new-network-upgrades-push-stx-price-up-by-18-details\/","title":{"rendered":"Stacks: New Network Upgrades Push STX Price Up By 18% &#8211; Details"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Stacks (STX) has regained and built up its momentum over two weeks after a bloody September start. Since then, the token has garnered much-deserved attention as developments on the platform mount up. According to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/stacks\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, STX surged over 18% since last week, representing a strong flip in investor sentiment.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/massive-xrp-rally-incoming-analyst-predicts-220-price-jump-details\/\" target=\"_blank\" rel=\"noopener \">Massive XRP Rally Incoming? Analyst Predicts 220% Price Jump \u2013 Details<\/a><\/div>\n<p><span style=\"font-weight: 400\">Stacks continue to make noise as more partnerships are unveiled this week; several of which might open a new reality on Stacks. With the hyped potential of the so-called Bitcoin economy underneath Stacks, investors and traders might see a lot of green in the coming days.\u00a0<\/span><\/p>\n<h2><strong>New Developments Fuel STX Growth\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">In an X post by the official Stacks account, the platform has <\/span><a href=\"https:\/\/x.com\/Stacks\/status\/61646101\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> that <\/span><a href=\"http:\/\/hermetica.fi\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Hermetica.fi<\/span><\/a><span style=\"font-weight: 400\">,\u00a0 a stablecoin provider in the Stack\u2019s ecosystem, has deployed USDh. The stablecoin has been described as the first \u201cBitcoin-backed, yield-bearing\u201d synthetic dollar available on the retail market. Hermetica\u2019s marketing of the new stablecoin is aggressive, with a time-limited staking APR of 25%.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Stacks&#8217; leading Bitcoin L2 ecosystem continues to grow \ud83e\udde1<\/p>\n<p>Congratulations to <a href=\"https:\/\/twitter.com\/HermeticaFi?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@HermeticaFi<\/a> for the official launch of their USDh stablecoin on Stacks.<\/p>\n<p>To celebrate, Hermetica is offering a prize pool to early movers. More information is available below. 1\/2 <a href=\"https:\/\/t.co\/3EYmefYEPI\" rel=\"nofollow\">pic.twitter.com\/3EYmefYEPI<\/a><\/p>\n<p>\u2014 stacks.btc (@Stacks) <a href=\"https:\/\/twitter.com\/Stacks\/status\/61646101?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 25, 2024<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Institutional investors might also be around the corner as Anchorage Digital, an institutional wallet provider, has <\/span><a href=\"https:\/\/x.com\/HermeticaFi\/status\/46029440\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> their support for Stacks, opening the door for the platform to be exposed to institutional entities, possibly improving the Stacks\u2019s future development. Introducing institutional investors will push the platform to develop at a faster pace.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">With the final step in <\/span><a href=\"https:\/\/docs.stacks.co\/nakamoto-upgrade\/nakamoto-rollout-plan#nakamoto-activation-sequence\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">activating<\/span><\/a><span style=\"font-weight: 400\"> the Nakamoto upgrade, several SX users have <\/span><a href=\"https:\/\/x.com\/theadvisorbtc\/status\/38439490\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">released<\/span><\/a><span style=\"font-weight: 400\"> posts regarding the benefits of the network upgrade. All in all, the conclusion is the same: the Nakamoto upgrade will significantly improve user experience while simultaneously allowing developers to access the $1 trillion in liquidity under Bitcoin, with sBTC, a 1-to-1 Bitcoin-backed asset in Stacks, integrated with Solana and Aptos for quicker distribution and adoption.<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/lJWtomNi\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">STX is currently trading at $1.996. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<h2><strong>Investors Should Watch Stacks On These Levels<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">STX retains some of its momentum, breaking any short term possibility of a reversal as it breaks through $2.02 in the short term. This price action nets the bulls some serious gains, but this triumph might only be temporary as the bulls lose momentum to maintain a steady trajectory.<\/span><\/p>\n<h1><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-644810\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_b8eb3c.png?resize=472%2C214\" alt=\"\" width=\"472\" height=\"214\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_b8eb3c.png?w=472 472w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_b8eb3c.png?w=460 460w\" sizes=\"(max-width: 472px) 100vw, 472px\"><\/h1>\n<p><span style=\"font-weight: 400\">The relative strength index (RSI) of the token suggests that the bulls may encounter a wall around $2.2 in the short term, possibly letting the bears gain strength equaling the current bullishness. A movement like this will keep the token\u2019s price stable, possibly giving the bulls enough time and room to maneuver upwards in the medium term.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/popcat-climbs-by-35-1-target-within-reach\/\" target=\"_blank\" rel=\"noopener \">Popcat Climbs By 35% \u2013 $1 Target Within Reach<\/a><\/div>\n<p><span style=\"font-weight: 400\">If STX remains at its current support level of $2.02, we might see a surge upward in the coming days; that\u2019s if the the pullback the market is currently experiencing to flip bullish. However, if the bulls fail to hold this position for a medium term movement, the bears might pull the token towards $1.885 or lower if they build up enough momentum.<\/span><\/p>\n<p><em>Featured image from Stacks, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stacks (STX) has regained and built up its momentum over two weeks after a bloody September start. Since then, the token has garnered much-deserved attention as developments on the platform mount up. According to CoinGecko, STX surged over 18% since last week, representing a strong flip in investor sentiment.\u00a0 Related Reading: Massive XRP Rally Incoming? Analyst Predicts 220% Price Jump \u2013 Details Stacks continue to make noise as more partnerships are unveiled this week; several of which might open a new reality on Stacks. With the hyped potential of the so-called Bitcoin economy underneath Stacks, investors and traders might see a lot of green in the coming days.\u00a0 New Developments Fuel STX Growth\u00a0 In an X post by the official Stacks account, the platform has announced that Hermetica.fi,\u00a0 a stablecoin provider in the Stack\u2019s ecosystem, has deployed USDh. The stablecoin has been described as the first \u201cBitcoin-backed, yield-bearing\u201d synthetic dollar available on the retail market. Hermetica\u2019s marketing of the new stablecoin is aggressive, with a time-limited staking APR of 25%.\u00a0 Stacks&#8217; leading Bitcoin L2 ecosystem continues to grow \ud83e\udde1 Congratulations to @HermeticaFi for the official launch of their USDh stablecoin on Stacks. To celebrate, Hermetica is offering a prize pool to early movers. More information is available below. 1\/2 pic.twitter.com\/3EYmefYEPI \u2014 stacks.btc (@Stacks) September 25, 2024 Institutional investors might also be around the corner as Anchorage Digital, an institutional wallet provider, has announced their support for Stacks, opening the door for the platform to be exposed to institutional entities, possibly improving the Stacks\u2019s future development. Introducing institutional investors will push the platform to develop at a faster pace.\u00a0 With the final step in activating the Nakamoto upgrade, several SX users have released posts regarding the benefits of the network upgrade. All in all, the conclusion is the same: the Nakamoto upgrade will significantly improve user experience while simultaneously allowing developers to access the $1 trillion in liquidity under Bitcoin, with sBTC, a 1-to-1 Bitcoin-backed asset in Stacks, integrated with Solana and Aptos for quicker distribution and adoption. Investors Should Watch Stacks On These Levels STX retains some of its momentum, breaking any short term possibility of a reversal as it breaks through $2.02 in the short term. This price action nets the bulls some serious gains, but this triumph might only be temporary as the bulls lose momentum to maintain a steady trajectory. The relative strength index (RSI) of the token suggests that the bulls may encounter a wall around $2.2 in the short term, possibly letting the bears gain strength equaling the current bullishness. A movement like this will keep the token\u2019s price stable, possibly giving the bulls enough time and room to maneuver upwards in the medium term. Related Reading: Popcat Climbs By 35% \u2013 $1 Target Within Reach If STX remains at its current support level of $2.02, we might see a surge upward in the coming days; that\u2019s if the the pullback the market is currently experiencing to flip bullish. However, if the bulls fail to hold this position for a medium term movement, the bears might pull the token towards $1.885 or lower if they build up enough momentum. Featured image from Stacks, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":644840,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,83786,87879,88200],"class_list":["post-644809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-stacks","tag-stx","tag-stxusdt"],"acf":[],"yoast_head":"\n<title>Stacks: New Network Upgrades Push STX Price Up by 18% - Details<\/title>\n<meta name=\"description\" content=\"Stacks (STX) has regained and built up its momentum over two weeks after a bloody September start. 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Since then, the token has garnered much-deserved\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/stacks-new-network-upgrades-push-stx-price-up-by-18-details\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-27T09:00:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-26T14:27:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_7350bc.png?fit=1600%2C898\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"898\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/stacks-new-network-upgrades-push-stx-price-up-by-18-details\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/stacks-new-network-upgrades-push-stx-price-up-by-18-details\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Stacks: New Network Upgrades Push STX Price Up By 18% &#8211; Details\",\"datePublished\":\"2024-09-27T09:00:59+00:00\",\"dateModified\":\"2024-09-26T14:27:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/stacks-new-network-upgrades-push-stx-price-up-by-18-details\/\"},\"wordCount\":548,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/stacks-new-network-upgrades-push-stx-price-up-by-18-details\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_7350bc.png?fit=1600%2C898\",\"keywords\":[\"altcoins\",\"crypto\",\"Stacks\",\"STX\",\"STXUSDT\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/stacks-new-network-upgrades-push-stx-price-up-by-18-details\/\",\"url\":\"https:\/\/ktsl888.com\/news\/stacks-new-network-upgrades-push-stx-price-up-by-18-details\/\",\"name\":\"Stacks: New Network Upgrades Push STX Price Up by 18% - Details\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/stacks-new-network-upgrades-push-stx-price-up-by-18-details\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/stacks-new-network-upgrades-push-stx-price-up-by-18-details\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_7350bc.png?fit=1600%2C898\",\"datePublished\":\"2024-09-27T09:00:59+00:00\",\"dateModified\":\"2024-09-26T14:27:17+00:00\",\"description\":\"Stacks (STX) has regained and built up its momentum over two weeks after a bloody September start. 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