Stacks continues to push the boundaries of possibilities on Bitcoin with a planned launch of SBTC. SBTC to Promote Bitcoin Defi Ecosystem Stacks, a Bitcoin layer two (L2) platform recently teased the impending launch of SBTC, a 1:1 bitcoin-backed asset designed to bridge bitcoin with decentralized finance (defi) and Web3.

Stacks has announced the launch of a 35% annual percentage yield for Hermetica's stablecoin USDh, setting a record for the Stacks DeFi ecosystem. In a recent post on Dec.

Story Highlights The live price of the Stacks token is . The Stacks price could reach a high of $3.22 in 2024. With a potential surge, the price may hit $13.93 by 2030. The surge of STX price at the beginning of 2024 has hit a stumbling block, with resistance forming above the $3.665 level.

Will the upcoming sBTC upgrade in mid-December boost STX's price?

Stacks users can now do more with their STX tokens thanks to a partnership between Velar and Stacking DAO.

Velar is teaming up with StackingDAO to inject more liquidity into the market to support “Stackers”, or those who stake STX crypto to support the Stacks Layer-2 blockchain.

This is a big step before sBTC goes live on the mainnet, which is the real deal. Think of it like a rehearsal before the big performance.

Stacks (STX), a unique blockchain network designed to bring smart contract functionality to Bitcoin, has garnered significant attention within the cryptocurrency space. Unlike most blockchain platforms, which use traditional proof-of-work (PoW) or proof-of-stake (PoS) mechanisms, Stacks employs a Proof-of-Transfer (PoX) model.

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.

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.

With the hype growing around memes, here are the top 10 Memecoins to watch this November 2024, being the top 10 memecoins of October 2024 by monthly performance.

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.

BOME's volatile week hints at bullish patterns—will it break out or retest support levels?

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

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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.

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

As Q3 2024 wraps up, the crypto market has faced challenges, but many analysts are positive about what lies ahead in Q4 and into 2025. Altcoin Buzz took to their latest analysis and listed three altcoins that are gaining attention for their unique strengths.

Meme coins have created a separate category for themselves in 2024, courtesy of their mainstream following and performance in the crypto world.

The global digital assets industry witnessed another instance of rug pull as an insider sold around 50% of the total supply, bringing the project down. ZachXBT even claims that he leaked the new cabal memecoin deck before they rugged investors.

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.

Market indicators suggest that BOME is losing momentum, and a pullback before attempting another uptrend is imminent.

The popular Solana-based meme coin, Book of Meme (BOME) has successfully retested its breakout level and is now poised for a notable upside rally. With this, the meme coin appears bullish and further gets support from on-chain metrics such as open interest, long/short ratio, and others.

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.

Book of Meme surged in the past 24 hours as meme coins led the crypto market rally on Oct. 18. Following Bitcoin's (BTC) impressive rise above $68k, meme coins have taken the spotlight. Dogecoin (DOGE) jumped 10%, reaching an 11-week high, while other dog-themed tokens like Brett, Bonk, and Popcat also saw significant gains.

As the BTC price reclaims the $68,000 mark during the early Asian trading hours, the memecoin market has added 3.68% to its valuation to $57.67 billion. Among the top gainers are DOGE, FLOKI, BOME, and SHIB.

In the last week, meme coins have experienced a renewed wave of investor interest as the crypto market rebounded. Notably, several coins saw significant gains, and a few also reached new all-time highs.

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.

An analyst known for making timely altcoin calls thinks that a massive trend reversal is underway for an under-the-radar meme token. Pseudonymous crypto strategist Bluntz tells his 283,700 followers on the social media platform X that Book of Meme (BOME) looks bullish after breaking out of its accumulation range in a big way.

BOME tops liquidation charts with $194M in Open Interest, driving volatility and speculative trading.