{"id":556375,"date":"2023-10-21T07:46:42","date_gmt":"2023-10-21T07:46:42","guid":{"rendered":"https:\/\/uniquehot.com\/?p=556375"},"modified":"2023-10-21T07:48:31","modified_gmt":"2023-10-21T07:48:31","slug":"stacks-stx-rockets-26-higher-in-a-single-week-the-factors-at-play","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/stacks-stx-rockets-26-higher-in-a-single-week-the-factors-at-play\/","title":{"rendered":"Stacks (STX) Rockets 26% Higher In A Single Week: The Factors At Play"},"content":{"rendered":"
The price of Stacks (STX) experienced a sustained rebound, driven by a prevailing sentiment of positivity within the cryptocurrency sector. STX<\/a> had a significant increase, reaching a peak of $0.680, which represents the highest value observed since July 14th.<\/p>\n Stacks is a layer-1 blockchain solution aiming to enable smart contracts and decentralized applications on the Bitcoin network without altering its core features, like security and stability.<\/p>\n It operates through the Stacks token (STX), which powers smart contract execution, transaction processing, and asset registration on the Stacks 2.0 blockchain. This enhances Bitcoin’s capabilities without requiring a fork or changes to its original blockchain.<\/p>\n At the time of writing, STX was trading at $0.640, up 1.5% in the last 24 hours, and registering a solid 26% increase<\/a> in the last seven days, data from crypto market tracker Coingecko shows.<\/p>\n <\/p>\n The surge in STX is attributed to the prevailing optimism among investors on the potential acceptance of a spot Bitcoin ETF by the US Securities and Exchange Commission.<\/p>\nStacks (STX) Racks Up 26% Gain<\/strong><\/h2>\n
STX price action today. Source: Coingecko<\/pre>\n