- The STX rose by more than 7%, exceeding an important level for the first time in months.
- STX could reach higher price levels again in the coming weeks.
Stacks [STX] Crypto has taken a big step forward with the release of its long-awaited mainnet upgrade, known as the “Nakamoto Upgrade.”
This Layer 2 improvement effectively decouples Stacks’ block production from Bitcoin’s, allowing the network to process transactions faster.
The STX token has responded positively to this update, which coincided with Bitcoin’s attempt to retest its all-time high, which could mean new momentum for STX and other BTC-integrated assets.
STX crypto launches Nakamoto upgrade
The Nakamoto upgrade is Stacks’ most significant upgrade to date, a milestone for this Layer 2 platform built on Bitcoin.
According to official sources, the upgrade would be activated at Bitcoin Block 867.867 around October 29, and data confirms that it has successfully gone live at Block 867.900.
This advancement means that transactions on STX Crypto are now processed within seconds, representing a significant improvement in speed and efficiency.
In addition, the stacks team announced introducing ‘sBTC’, a unique token designed to seamlessly connect Bitcoin to the Stacks ecosystem.
This new functionality is expected to increase the usefulness of both Bitcoin and STX within the network, making transactions faster and more decentralized.
Key price levels to watch out for for STX crypto
As STX crypto adjusts to post-upgrade momentum, certain technical levels will be critical in determining its future direction. The token is approaching its 50-day moving average, which could provide support if the recent bullish trend continues.
Source: TradingView
However, resistance is just below the psychological barrier at $2.00, a threshold where previous rallies have faced selling pressure. A breakout above this point could indicate additional profits.
At the same time, the inability to maintain support could lead STX to reverse recent developments.
Realistic or not, here is the market cap of STX in terms of BTC
Prospects for sustainable growth
The Nakamoto upgrade sets the stage for a promising new chapter for Stacks, one driven by faster transactions and the introduction of sBTC.
The market reaction was positive, with technical indicators showing favorable conditions for further upward movement. If STX Crypto maintains its support and successfully breaks through the resistance, the recent upgrade could fuel sustainable growth for the token in the coming weeks.