NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Stacks (STX) Posts Positive Moves While Top Cryptos Nosedive

Jammy Hunts
Jammy Hunts
2 years ago
3 mins read
STX

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Nowadays, achieving the slightest percentage gain amid the crypto market-wide reproach seems like a noble fit. The fear in the market has caused a rise in volatility with strained investor sentiment, making it nearly impossible for digital coins to raise their head.

The downturn is evident with the Fear & Greed Index reading 48, Bitcoin’s month-to-date loss, and Ethereum price decline over the past weeks. No one expected a minion coin like Stacks (STX) to beat the top cryptos with over 24% gains over the past two weeks.

Related Reading

Bitcoin

Bitcoin Price Facing An Inflection Point? What Analysts Say

1 year ago

Stacks Recent Price Action Amid Eroding Gains In The Crypto Market

Although STX didn’t escape the ongoing downtrend, it has somehow defiled the bearish trend by exercising massive rallies here and there. For example, on February 28, STX price gained 16.5% in 24 hours, closing the day at $0.915630. Its price rallied again on March 2 by 11.4%, adding $0.101069 to its past-day price.

However, it traded at losses consecutively from March 3-5 before witnessing today’s gains. Over the past 30 days, Stacks has recorded a 142% price surge, miles ahead of other coins’ monthly performances.

However, with the 5.9% 7-day price decline, STX is underperforming the global cryptocurrency market, which is only down by 4.90% over the past seven days. But it is outperforming similar Smart Contract platform cryptocurrencies, whose prices have declined 6.4%. 

STXUSD price
STX’s price currently stands at  $0.7405 in the daily chart. | Source: STXUSD price chart from TradingView.com

Stacks Observes Uptick In On-chain Activity

Cryptocurrencies, including Bitcoin, don’t often rise unaided. Their performances typically move under the influence of one or two factors, asides from investor sentiments and overall market macroeconomic condition. In STX’s case, some ecosystem improvements and trends could be responsible for its price actions. 

One possible factor behind the STX price pump could be the steady growth of NFT network activity on the Stacks blockchain. For instance, the recent hype around Ordinals BTC NFTs assisted in pushing the STX token by over 130% in a day. 

Aside from the increase in token price, Stacks’ on-chain data revealed an uptick in network activity as investors seek more exposure to the Bitcoin NFTs. In February alone, the Stacks network processed 3.36 million transactions, a 223% increase compared to 1.13 million recorded in January. 

Related Reading: Ethereum Price Close Below $1,540 Could Spark Larger Degree Decline

At present, Bitcoin-backed NFT sales have increased massively. For example, the Megapont Ape Club NFT has surged 329.40%, Mutant Monkeys increased by 172.9%, and Bitcoin Birds surged 189,500% since November last year. 

Stacks Network’s Mempool also saw increased transactions during the same period, indicating a rise in network demand. Mempool is a queue of pending transactions for storing new blockchain transactions before validation.

Stack is a layer-1 blockchain that allows the building and deploying of Smart Contracts on Bitcoin. Integrating decentralized finance (DeFi) use cases into Bitcoin has been Stacks blockchain’s unique advantage over other similar Smart Contract platforms. The DeFi use cases have been scaling Stacks growth as users utilize them while leveraging Bitcoin’s robust security and stability.

Featured image from Pixabay and chart from TradingView.com
Tweet123Share196ShareSend
Jammy Hunts
Jammy Hunts

Jammy Hunts

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Dogecoin price analysis

Chartist Slams Misleading Dogecoin Analysis: ‘Focus On This Instead’

Technical analyst Kevin, better known on X as @Kev_Capital_TA, rekindled debate over Dogecoin’s market structure on Sunday when he urged...

Jake Simmons 2 hours ago

本月最熱門迷因幣價格反彈:哪些冷門項目有望暴漲100倍?

7月加密貨幣市場迎來動能爆發,比特幣穩站11萬美元大關,再次引發資金大規模輪動,meme幣成為最先受益的資產類別。在這場文化驅動與社群共鳴的漲勢之中,不只是Bonk與Pepe這類明星幣重新走紅,反而是...

Mark Mak 4 hours ago
Bitcoin

Brazil’s Central Bank Hacked—$40M In Crypto Washed In Aftermath

Bitcoin is again in the spotlight as hackers hogged the headlines following a June 30 attack on C&M Software. The breach...

Christian Encila 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Prezzo di Cardano in Rialzo, ADA Tenta la Rottura Oltre i 0,59$

clararosati 10 minutes ago
Ethereum Risks Downside If Resistance Holds: $2,700 Level Is Critical

Ethereum Risks Downside If Resistance Holds: $2,700 Level Is Critical

Sebastian Villafuerte 21 minutes ago

BTC Bull Token tiek palaists šodien – jaunā kriptovalūtas sensācija ar bezmaksas Bitcoin atlīdzībām

lasma 1 hour ago

Premium Sponsors

Press Releases

  • mining

    W·Mining integrates innovation and launches a new...

    6 minutes ago
  • MEXC Golden Era Showdown Concludes with Record 4M USDT...

    19 minutes ago
  • MEXC Releases Bimonthly Transparency Report: $559 Million...

    2 hours ago
  • Make $8,000 a day in stable passive income easily –...

    18 hours ago
  • SunnyMining——A passive income tool that allows ordinary...

    19 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.