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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