Cryptocurrency analyst and trader Michaël van de Poppe is leaning bullish on one top-50 altcoin by market cap while offering his insight on Bitcoin (BTC) and Ethereum (ETH).

STX is showing strong breakout potential, with key resistance levels in focus for future gains.

Stacks' price action has closely mirrored Bitcoin's performance in recent months, boasting an impressive correlation coefficient of 0.86. This makes Stacks a high-beta play on Bitcoin, meaning that when Bitcoin moves, STX tends to move in a similar direction, albeit with more volatility and often at a greater magnitude.

Stacks strong correlation with Bitcoin suggested a possible rally.

Ripple's Jasmine Cooper and Axelar's Sergey Gorbunov discuss advancements in real-world assets (RWAs), tokenization and interoperability.

With a jump of 2.86% in the past 24 hours, the cryptocurrency market has successfully crossed the $2.8 Trillion mark. With this, the STX price has maintained its bullish action by recording a positive candle for the 3rd consecutive day.

The sBTC token is designed as a trustless way to use bitcoin in decentralized finance applications, in contrast to centralized wrapped bitcoin tokens.

Stacks seeks to usher in a wave of adoption and innovation following its Nakamoto upgrade.

The launch of Bitcoin L2 Labs is expected to catalyze growth in decentralized applications, making Stacks an even stronger player in Bitcoin-based technology.

STX has experienced fluctuations since reaching an all-time high of $3.61 in November 2021. As the cryptocurrency market evolves, investors are curious whether STX can recover and surge again in the coming years.

The cryptocurrency market has experienced a significant pullback this week due to the rising uncertainty concerning the possible outcome of the upcoming U.S. election in 2024. Following this, the Stacks price has recorded a major price correction, highlighting increased bearish sentiment.

Stacks (STX), a prominent layer-2 solution for Bitcoin, is gaining attention following the recent Nakamoto upgrade on October 29, 2024. This upgrade aims to enhance transaction speeds and scalability, positioning Stacks for substantial long-term growth in the cryptocurrency landscape.

Stacks, a Bitcoin layer-2 solution, is currently garnering attention as its latest developments hint at substantial long-term growth potential. Following the recent Nakamoto upgrade on Oct.

STX's recent Nakamoto upgrade has unlocked faster transaction speeds and introduced sBTC, positioning the token for potential gains.

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

TL;DR The Nakamoto Stacks upgrade is live, ensuring that confirmed transactions are as irreversible as those on Bitcoin. Transaction processing time has been significantly reduced. The technical foundation is laid for the launch of sBTC, scheduled for later this year.

The partnership could enhance the “financial utility of Bitcoin for our institutional clients,” wrote Calvin Shen, the chief commercial officer at Hex Trust.

Now, using Stacks is quicker and more secure. This is thanks to some major updates that make it work even better with Bitcoin.

You can click on this news section to read its content. It seems somehow there is no meta tag description available for this news article.

Muneeb Ali announced that the Nakamoto upgrade is live. It enhances Stacks Layer 2 transactions with 100% Bitcoin finality.

Axelar crypto remains range-bound as whales trim exposure - What's next for its recovery?

Stacks, a layer 2 solution for Bitcoin, is on the verge of a significant upgrade named “Nakamoto.” Scheduled for October 29, 2024, this update aims to enhance transaction speed and overall efficiency.

The Stacks Foundation has announced that security firm Asymmetric Research has joined its ecosystem as a key security contributor, reinforcing efforts around its Bitcoin Layer 2 solution. According to a press release shared with crypto.

TL;DR The Stacks Foundation has partnered with Asymmetric Research to strengthen the security of the upcoming Bitcoin-backed sBTC token. The launch of sBTC in Q4 2024 will allow Bitcoin users to interact with DeFi applications securely. Asymmetric Research will act as a “signer” of the sBTC system, ensuring secure transactions alongside 30 other companies.

Stacks adds Asymmetric Research as a key security contributor for its Bitcoin Layer 2 network.

Stacks is awaiting a major upgrade, but will it push the token above $2?

Stacks Network, the Bitcoin layer-2, is one of the largest DeFi protocols on the world's most secure platform. DeFiLlama says the platform manages over $109 million worth of assets.

TL;DR 2024-2025: Stacks (STX) is expected to trade between $1.59 and $4.72, with an average price around $2.40 in 2024 and potentially reaching $4.41 by the end of 2025. 2026-2027: Predictions for 2026 suggest a price range of $2 to $5.60, while 2027 could see prices fluctuating between $1.50 and $3.80.

Bitcoin's recent recovery and the upcoming Nakamoto mainnet hard fork finalization could help push STX's price.

Hermetica, the pioneer of the Bitcoin-backed stabelcoin USDh, announces the expansion of its flagship synthetic dollar to the Stacks Bitcoin L2 network. With the integration into Stacks, USDh becomes the first Bitcoin-backed stablecoin to enter the thriving Bitcoin ecosystem on the leading L2.

The TON Foundation has selected Axelar's Mobius development stack as its preferred solution for enhancing interoperability across various blockchain networks. This decision is aimed at improving The Open Network's (TON) connectivity with other blockchains. It will facilitate asset transfers and support the development of cross-chain decentralized applications (dApps).

Axelar's MDS will facilitate asset transfers between TON and other blockchains, supporting the development of cross-chain decentralized applications.

Axelar's Interchain Amplifier and Mobius Development Stack can bring blockchain interoperability to TON's ecosystem.

Axelar's Interchain Amplifier and Mobius Development Stack can bring blockchain interoperability to TON's ecosystem.

Stacks network is currently experiencing a wave of frustration among its users due to delays in the much-anticipated Nakamoto upgrade, which many believe could significantly enhance the platform's functionality. Originally scheduled for activation, the Nakamoto upgrade is designed to improve transaction speed and ensure Bitcoin finality, but as of now, it remains in limbo.

The market needed a few jolts of optimism, and didn't get enough of them.

The Nakamoto upgrade has the potential to propel Stacks to new heights.

The month of October, better known as “Uptober” in the crypto market, is expected to trigger rallies and gains for many altcoins.

With dozens of layer-1 blockchains on the market, communication between networks has become a significant pain point for the broader adoption of Web3-based applications.

Axelar has introduced the Mobius Development Stack, a technology designed to make building decentralized applications across different blockchains easier. The company's new infrastructure, announced in an Oct.

A closely followed crypto strategist is warning that one modular blockchain project may be on the verge of collapse. Pseudonymous analyst Altcoin Sherpa tells his 224,000 followers on the social media platform X that layer-1 Celestia (TIA) could plummet by more than 77% from its current value due to prolonged investor selling.

TL;DR Axelar has launched the Mobius Development Stack (MDS), a comprehensive interoperability platform that facilitates integration between on-chain and off-chain systems. The MDS includes blockchains such as Solana, Stellar, Sui, and XRP Ledger, and becomes the first institutional-grade interoperability network. The platform allows customizable connections, rapid tokenization of assets, and an unrestricted multichain experience.

Web3 interoperability platform Axelar has launched the Mobius Development Stack (MDS) on its mainnet, describing it as “the first-and-only holistic interoperability platform.”

The integration of Axelar's MDS by major blockchains could significantly enhance web3's interoperability, fostering a more connected ecosystem. The post Sui, XRP Ledger, EigenLayer set to integrate Axelar's new Mobius Development Stack appeared first on Crypto Briefing.

The buildup of limit orders at $2.2 could attract Stacks prices to it before a minor retracement.

Stacks token surges 30% as the platform prepares for a major network upgrade and stablecoin launch

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.