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STX Sees Over 60% Surge, Designed To Activate Bitcoin Smart Contracts

This week, STX, which is one bitcoin-native altcoin spikes more than 60%. More so, this is as BTC continues its uptrend to over $60,000.

Additionally, The altcoin is Stacks..
So, STX is a blockchain protocol that’s bringing smart contract capability to the Bitcoin network.

Furthermore, An update shows that non-fungible tokens (NFTs) on Bitcoin is all spiking from last week. Consequently, seeing multiple NFT projects successfully launching on Stacks.

Notably, the STX token surges from its sub-$1.40 price tag to a local high of $2.43 in the past week.
Meanwhile, Stacks is seeing slight downtrend from its top and trading at around $2.1

Also, It has a market cap of $2.2 billion. Which sees STX moving up to the 67th spot among top cryptocurrencies.

Lastly, crypto intelligence firm Messari reports that Stacks (STX) is one of the more popular holdings. Especially, among crypto hedge funds and venture capital firms. Notably, with nine different firms holding the crypto asset.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.