{"id":520377,"date":"2023-02-21T06:04:17","date_gmt":"2023-02-21T06:04:17","guid":{"rendered":"https:\/\/wncen.com\/?p=520377"},"modified":"2023-02-21T06:04:17","modified_gmt":"2023-02-21T06:04:17","slug":"stacks-up-134-in-last-7-days","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/stacks-up-134-in-last-7-days\/","title":{"rendered":"Stacks (STX) Continues Solid Advance With 134% Gain In The Last 7 Days"},"content":{"rendered":"

Stacks (STX) continues to outperform other cryptocurrencies in the top 100 list\u00a0of\u00a0CoinMarketCap and Coingecko, as the Bitcoin Layer 2 project advances\u00a0to profit from the Ordinals buzz.<\/p>\n

Since rebounding from the 20-day EMA on February 17, the cryptocurrency continues its strong ascent through the weekend.<\/p>\n

On Monday, STX kicks off a 20% daily increase, causing the price to break out of the $0.3381 to $0.3440 and $0.4020 to $0.4123 resistance levels.<\/p>\n

At the time of writing, STX<\/a> is trading at $0.7135, increasing 134.4% in the last seven days, data from crypto market tracker Coingecko shows. The crypto is up 8.5 in the last 24 hours.<\/p>\n

\"\"<\/p>\n

Optimistic Sentiment Toward Stacks Increasing<\/strong><\/h2>\n

STX prices reach as high as $0.84 on Monday morning, the highest level since May. In contrast, Bitcoin (BTC), the market leader, has only increased by 6% in the last 30 days.<\/p>\n

Since the beginning of 2023, CoinMarketCap statistics indicates that optimistic sentiment<\/a> towards STX has increased.<\/p>\n

In the previous four weeks, the token’s value has grown by close to 120%, placing it among the best-performing cryptocurrencies to date.<\/p>\n

Experts attribute the recent price increase in STX to the rising narrative of non-fungible tokens (NFTs) existing in a Bitcoin-focused\u00a0cryptocurrency ecosystem.<\/p>\n

Related Reading: The Graph (GRT) Steamrolls Upward As AI Crypto Cements 109% Gain In Last 30 Days<\/a><\/div>\n

Last year’s introduction of the Ordinal protocol, which enables users to mint NFTs directly on the Bitcoin blockchain, has been a tremendous success.<\/p>\n

In an article published on Yahoo Finance, there have been more than 100,000 Ordinal NFTs<\/a> mined directly onto the Bitcoin network at this point.<\/p>\n

According to Muneeb Ali, co-founder of Stacks, Ordinals’ popularity would provide a significant boost to Layer 2 solutions:<\/p>\n

“Ordinals on Bitcoin L1 are complementary to Bitcoin NFTs on L2s like Stacks. Ordinals have a natural limit on the L1 scale, and L2s provide a clear scalability path. Wallets like Xverse and & Hiro are amongst the first to release or work on Ordinals.”<\/strong><\/p><\/blockquote>\n

STX: Robust Development Expansion<\/strong><\/h2>\n

The value of stacks has more than doubled as a result of strong development expansion. The fact that many more developers are creating solutions for this project may have helped to the price increase.<\/p>\n

Stacks has been used to deploy more than 35,000 smart contracts, indicating a promising future.<\/p>\n

STX is currently valued at $830,635,784\u00a0with a market valuation of $929,658,328\u00a0and a 24-hour trading volume that has increased by 497.62%. CMC data shows\u00a0the current circulating supply is around 1,360,896,768\u00a0STX.<\/p>\n

<\/p>\n

DOT total market cap at $8.6 billion on the daily chart | Chart: TradingView.com<\/a><\/pre>\n
Related Reading: Litecoin Sparkles With New All-Time High In Hashrate \u2013 Will It Boost LTC Price?<\/a><\/div>\n
Activity in NFTs on Stacks has expanded as a result of the rising popularity of Ordinals.<\/p>\n
The trading volume on Gamma.io, a Stack-based Bitcoin NFT marketplace, has surged by more than 1,000% over the past four weeks, according to data from DappRadar.<\/p>\n
On the other side, Megapont’s volume has surged by 125%. Ali tweeted that there is a strong community of artists and makers on Stacks and that over 650k Bitcoin NFTs have been created using the layer 2 approach.<\/p>\n
-Featured image by Xverse Wallet<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Stacks (STX) continues to outperform other cryptocurrencies in the top 100 list\u00a0of\u00a0CoinMarketCap and Coingecko, as the Bitcoin Layer 2 project advances\u00a0to profit from the Ordinals buzz. Since rebounding from the 20-day EMA on February 17, the cryptocurrency continues its strong ascent through the weekend. On Monday, STX kicks off a 20% daily increase, causing the price to break out of the $0.3381 to $0.3440 and $0.4020 to $0.4123 resistance levels. At the time of writing, STX is trading at $0.7135, increasing 134.4% in the last seven days, data from crypto market tracker Coingecko shows. The crypto is up 8.5 in the last 24 hours. Optimistic Sentiment Toward Stacks Increasing STX prices reach as high as $0.84 on Monday morning, the highest level since May. In contrast, Bitcoin (BTC), the market leader, has only increased by 6% in the last 30 days. Since the beginning of 2023, CoinMarketCap statistics indicates that optimistic sentiment towards STX has increased. In the previous four weeks, the token’s value has grown by close to 120%, placing it among the best-performing cryptocurrencies to date. Experts attribute the recent price increase in STX to the rising narrative of non-fungible tokens (NFTs) existing in a Bitcoin-focused\u00a0cryptocurrency ecosystem. Related Reading: The Graph (GRT) Steamrolls Upward As AI Crypto Cements 109% Gain In Last 30 Days Last year’s introduction of the Ordinal protocol, which enables users to mint NFTs directly on the Bitcoin blockchain, has been a tremendous success. In an article published on Yahoo Finance, there have been more than 100,000 Ordinal NFTs mined directly onto the Bitcoin network at this point. According to Muneeb Ali, co-founder of Stacks, Ordinals’ popularity would provide a significant boost to Layer 2 solutions: “Ordinals on Bitcoin L1 are complementary to Bitcoin NFTs on L2s like Stacks. Ordinals have a natural limit on the L1 scale, and L2s provide a clear scalability path. Wallets like Xverse and & Hiro are amongst the first to release or work on Ordinals.” STX: Robust Development Expansion The value of stacks has more than doubled as a result of strong development expansion. The fact that many more developers are creating solutions for this project may have helped to the price increase. Stacks has been used to deploy more than 35,000 smart contracts, indicating a promising future. STX is currently valued at $830,635,784\u00a0with a market valuation of $929,658,328\u00a0and a 24-hour trading volume that has increased by 497.62%. CMC data shows\u00a0the current circulating supply is around 1,360,896,768\u00a0STX. DOT total market cap at $8.6 billion on the daily chart | Chart: TradingView.com Related Reading: Litecoin Sparkles With New All-Time High In Hashrate \u2013 Will It Boost LTC Price? Activity in NFTs on Stacks has expanded as a result of the rising popularity of Ordinals. The trading volume on Gamma.io, a Stack-based Bitcoin NFT marketplace, has surged by more than 1,000% over the past four weeks, according to data from DappRadar. On the other side, Megapont’s volume has surged by 125%. Ali tweeted that there is a strong community of artists and makers on Stacks and that over 650k Bitcoin NFTs have been created using the layer 2 approach. -Featured image by Xverse Wallet<\/p>\n","protected":false},"author":557,"featured_media":520379,"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":[6664,1742,83786,87879],"class_list":["post-520377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-digital-currency","tag-stacks","tag-stx"],"acf":[],"yoast_head":"\nStacks (STX) Continues Strong Advance With 134% Weekly Gain<\/title>\n<meta name=\"description\" content=\"Stacks (STX) continues to outperform other cryptocurrencies in the top 100 list\u00a0of\u00a0CoinMarketCap and Coingecko.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Stacks (STX) Continues Solid Advance With 134% Gain In The Last 7 Days","url":"http:\/\/wncen.com\/news\/stacks-up-134-in-last-7-days\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/stacks-up-134-in-last-7-days\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Stacks.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Stacks.png?fit=1014%2C411"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","digital currency","stacks","stx"],"dateCreated":"2023-02-21T06:04:17Z","datePublished":"2023-02-21T06:04:17Z","dateModified":"2023-02-21T06:04:17Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Stacks (STX) Continues Solid Advance With 134% Gain In The Last 7 Days\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/stacks-up-134-in-last-7-days\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/stacks-up-134-in-last-7-days\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Stacks.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Stacks.png?fit=1014%2C411\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"digital currency\",\"stacks\",\"stx\"],\"dateCreated\":\"2023-02-21T06:04:17Z\",\"datePublished\":\"2023-02-21T06:04:17Z\",\"dateModified\":\"2023-02-21T06:04:17Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Stacks.png?fit=1014%2C411","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/520377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=520377"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/520377\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/520379"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=520377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=520377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=520377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}