Stacks (STX), a cryptocurrency facilitating smart contracts on the Bitcoin blockchain, has defied broader market turbulence to emerge as a standout performer. Over the past week, STX price skyrocketed over 60%, reaching a nine-day high of $2.15 and flirting with its all-time peak of $2.45. This impressive rally has propelled Stacks into the top 25 cryptocurrencies by market cap, leaving many wondering: what’s driving the surge? Related Reading: Bitcoin Hits $52,000-Plus, Explodes Over 21% For 2024 – Details Stacks (STX) Climbs Over 60% On Back Of Bitcoin Ascent Several factors appear to be fueling Stacks’ ascent. Firstly, its unique ability to bring smart contract functionality to Bitcoin resonates with investors seeking advanced applications on the world’s oldest blockchain. Unlike Ethereum, Bitcoin inherently lacks support for smart contracts, limiting its DeFi and NFT capabilities. Source: Coingecko Stacks bridges this gap by anchoring itself to Bitcoin while offering smart contract features. This innovative approach has garnered significant attention, particularly as Bitcoin itself enjoys a recent price appreciation, reaching more than $52,000 at the time of writing. The correlation between Stacks and Bitcoin is undeniable. Both ass ..
Support the originator by clicking the read the rest link below.
 Stuns: Price Soars Over 60% In Epic Recovery As TVL Explodes){kind=link}