Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Pro -Cryptto -legislator misses the Bitcoin’s deadline -publicly making -Washington is turning a blind eye?

2025-06-03

Incentiv Testnet is going live to expand blockchain accessibility

2025-06-03

MINTABLE reveals Green NFT -card game on Singapore Climate Festival

2025-06-03
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Incentiv Testnet is going live to expand blockchain accessibility

    2025-06-03

    AI and Blockchain Dal Costs and downtime in transport

    2025-06-03

    World Network is expanding the worldwide ‘proof of human’ technology as AI Deepfakes Surge

    2025-06-03

    Clearpool’s Ozean integrates Chainsight for secure RWA Oracle infrastructure

    2025-06-03

    BNB Chain launches AI Bot to help developers and block scammers

    2025-06-03
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Donald Trump Jr. says that family came in crypto after he was degraded, realizing the financial system was ‘Pyramid Scheme’

    2025-06-03

    Dubai Crypto ambitions rise with Solana and Ripple Moves

    2025-06-03

    ‘Revenge Tax’ hidden in President Trump’s account could activate the Capital War, Deutsche Bank warns: Report

    2025-06-02

    Goldman Sachs Banker sentenced a prison for a role in $ 4,500,000 Ransack or Malaysia’s State Investment Fund: Report

    2025-06-02

    Nobel Prize Economist says: ‘Stablecoins do not serve clearly useful function’; Co-founder of Coinmetrics does not agree

    2025-06-01
  • Analysis

    Crypto analyst says that XRP community should pay attention to 4-6 June, here is why

    2025-06-03

    American Bitcoin ETFs Navigate $ 1.2 billion in the midst of the European approval of the retail trade

    2025-06-03

    A matter of time before Altcoins take a big dip against Bitcoin, according to analyst Benjamin Cowen

    2025-06-03

    Ethereum performs better than with $ 321 million inflow as Bitcoin, XRP sees a combined outflow of more than $ 36 million

    2025-06-03

    Pi on games to strengthen the ecosystem in the midst of price struggle

    2025-06-03
  • Learn

    What Is Yield Farming and How Does It Work?

    2025-06-02

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Stacks (STX) is down 23%, but recent developers may slow the trend
Altcoins

Stacks (STX) is down 23%, but recent developers may slow the trend

2024-08-04No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The hostile market environment has seen Stacks (STX) continue its downward spiral as pressure mounts on the bears. According to Coin geckoThe token is down almost 23% since last week, exacerbated by the current correction phase the market has entered. The latest market data shows that major cryptocurrencies are loving it Bitcoin And Ethereum showing a decline of 10% since last week, Pull the market down by 2%.

However, several developments could help slow the token’s downward movement. These developments show that Stacks is the first layer-2 for the best cryptocurrency on the market.

Stacks: big news for investors and BTC enthusiasts

Although the market is incredibly bearish, Stacks remain attractive to both institutional and retail investors.

Ever since the first step of the Nakamoto upgrade rolled out On April 22nd, the newly introduced role of ‘Signers’, their self-made term for validators, increased significantly in size. According to them blog post on August 1, 39 blockchain institutions signed up to Stacks as signatories.

Among the signatories is Xverse, a Bitcoin wallet provider that deals with the BRC-20 standard. This large onboarding will result in a larger user base, giving Stacks a major advantage as layer 2s on the Bitcoin blockchain attract more attention.

STXUSD is trading at $1.48. Graphic: TradingView.com

However, the partnership announcement made between Stacks and Aptos during the Bitcoin Builders Conference created some buzz for the two. According to a key takeawaysAptos will join Stacks as a signatory, bringing the total number of signatories to 40, along with the launch of a working group to enhance collaboration between the two organizations.

Stacks 🤝 @Aptos live on stage at the Bitcoin Builders Conference!

🟧 @AptosLabs Head of Ecosystem Neil Harounian spoke with @StacksOrg Chairwoman Brittany Laughlin on forming a working group, and on the Aptos Foundation becoming a signatory for Stacks.

More information 1/3 👇 pic.twitter.com/EFTsIntD6M

— stacks.btc (@Stacks) July 31, 2024

Since the start of signer onboarding, approximately 118 BTC have been distributed to the various institutions. This amount totals over $7 million at Bitcoin’s current spot price of $60.7k.

See also  Cardano rises $56% to dominate the top 10

Investors should pay attention to these levels

At the time of writing, STX’s current position is still held by the bears as the current market environment encourages selling rather than buying. But the bulls are mounting a defense around the $1,460 price floor.

Related reading

This is huge for investors who are bullish on STX as it gives the bulls strong support for a possible upside move. However, the possibility of a bullish breakout remains uncertain. The market’s current downtrend is supported by the fact that the major cryptocurrencies are still bearish in the short to medium term.

If the bulls can defend the $1,460 line, we can expect less volatility within the market compared to today’s moves. If they are successful, it will be easy to recapture the May-June price levels.

Investors and traders should keep their eyes peeled for any market move in favor of the bulls.

Featured image of Boxmining, chart from TradingView



Source link

developers slow Stacks STX Trend
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Is Bitcoin of $ 250K possible this year? This research director thinks so

2025-06-03

Maker pump 8% while MKR -Walvissen jump to heaven – details

2025-06-03

Dogecoin (doge) refuses while Ruvi Ai (Ruvi) wins momentum, analysts say it could lead the next Bull Run

2025-06-03

Solana is confronted with 2.8 m Sol dump, but this could cause a point up to $ 160 – how?

2025-06-03
Add A Comment

Comments are closed.

Top Posts

The price of the Sandbox tokens drops after unlocking the token

2023-08-16

BNB retests 2022 lows as investors remain upset

2023-06-13

Circle’s IPO attracts great interest rates, set for $ 7.2 billion rating

2025-06-02
Editors Picks

BlackRock Gobbles Up $2,600,000,000 in Bitcoin (BTC) in Just One Week: Arkham

2024-12-09

ETH/BTC couple drops to 5 years low: does Ethereum lose its appeal?

2025-03-13

Advocating Litecoin Breakout Before Bitcoin Halving

2024-04-16

Pudgy Penguins NFT Trading Volume Surges 530%

2023-10-08

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Pro -Cryptto -legislator misses the Bitcoin’s deadline -publicly making -Washington is turning a blind eye?

Incentiv Testnet is going live to expand blockchain accessibility

MINTABLE reveals Green NFT -card game on Singapore Climate Festival

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,636.44-0.15%
  • ethereumEthereum(ETH)$2,596.34-0.17%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.252.71%
  • binancecoinBNB(BNB)$661.73-0.52%
  • solanaSolana(SOL)$155.80-0.48%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.193768-0.64%
  • tronTRON(TRX)$0.2707900.73%
  • cardanoCardano(ADA)$0.69-0.41%
  • hyperliquidHyperliquid(HYPE)$36.681.82%
  • suiSui(SUI)$3.25-2.79%
  • chainlinkChainlink(LINK)$14.140.38%
  • avalanche-2Avalanche(AVAX)$21.16-0.24%
  • stellarStellar(XLM)$0.2738130.87%
  • unus-sed-leoUNUS SED LEO(LEO)$8.945.16%
  • bitcoin-cashBitcoin Cash(BCH)$403.400.05%
  • the-open-networkToncoin(TON)$3.18-0.83%
  • shiba-inuShiba Inu(SHIB)$0.000013-0.99%
  • hedera-hashgraphHedera(HBAR)$0.1725230.53%
  • litecoinLitecoin(LTC)$89.800.00%
  • polkadotPolkadot(DOT)$4.150.02%
  • moneroMonero(XMR)$342.76-4.10%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • bitget-tokenBitget Token(BGB)$4.800.77%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.0000120.24%
  • piPi(PI)$0.650.69%
  • uniswapUniswap(UNI)$6.653.37%
  • aaveAave(AAVE)$267.114.02%
  • bittensorBittensor(TAO)$388.08-3.94%
  • aptosAptos(APT)$4.961.41%
  • nearNEAR Protocol(NEAR)$2.520.35%
  • crypto-com-chainCronos(CRO)$0.102483-0.49%
  • okbOKB(OKB)$50.130.39%
  • internet-computerInternet Computer(ICP)$5.374.99%
  • ondo-financeOndo(ONDO)$0.850.08%
  • ethereum-classicEthereum Classic(ETC)$17.630.50%
  • gatechain-tokenGateToken(GT)$19.290.29%
  • kaspaKaspa(KAS)$0.087995-1.76%
  • mantleMantle(MNT)$0.68-0.70%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.215524-1.48%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.20-0.90%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • vechainVeChain(VET)$0.024721-0.31%
  • render-tokenRender(RENDER)$3.92-1.59%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.825.37%
  • ethenaEthena(ENA)$0.3365772.84%
  • worldcoin-wldWorldcoin(WLD)$1.191.16%
  • filecoinFilecoin(FIL)$2.640.14%
  • bitcoinBitcoin(BTC)$105,636.44-0.15%
  • ethereumEthereum(ETH)$2,596.34-0.17%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.252.71%
  • binancecoinBNB(BNB)$661.73-0.52%
  • solanaSolana(SOL)$155.80-0.48%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.193768-0.64%
  • tronTRON(TRX)$0.2707900.73%
  • cardanoCardano(ADA)$0.69-0.41%
  • hyperliquidHyperliquid(HYPE)$36.681.82%
  • suiSui(SUI)$3.25-2.79%
  • chainlinkChainlink(LINK)$14.140.38%
  • avalanche-2Avalanche(AVAX)$21.16-0.24%
  • stellarStellar(XLM)$0.2738130.87%
  • unus-sed-leoUNUS SED LEO(LEO)$8.945.16%
  • bitcoin-cashBitcoin Cash(BCH)$403.400.05%
  • the-open-networkToncoin(TON)$3.18-0.83%
  • shiba-inuShiba Inu(SHIB)$0.000013-0.99%
  • hedera-hashgraphHedera(HBAR)$0.1725230.53%
  • litecoinLitecoin(LTC)$89.800.00%
  • polkadotPolkadot(DOT)$4.150.02%
  • moneroMonero(XMR)$342.76-4.10%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • bitget-tokenBitget Token(BGB)$4.800.77%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.0000120.24%
  • piPi(PI)$0.650.69%
  • uniswapUniswap(UNI)$6.653.37%
  • aaveAave(AAVE)$267.114.02%
  • bittensorBittensor(TAO)$388.08-3.94%
  • aptosAptos(APT)$4.961.41%
  • nearNEAR Protocol(NEAR)$2.520.35%
  • crypto-com-chainCronos(CRO)$0.102483-0.49%
  • okbOKB(OKB)$50.130.39%
  • internet-computerInternet Computer(ICP)$5.374.99%
  • ondo-financeOndo(ONDO)$0.850.08%
  • ethereum-classicEthereum Classic(ETC)$17.630.50%
  • gatechain-tokenGateToken(GT)$19.290.29%
  • kaspaKaspa(KAS)$0.087995-1.76%
  • mantleMantle(MNT)$0.68-0.70%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.215524-1.48%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.20-0.90%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • vechainVeChain(VET)$0.024721-0.31%
  • render-tokenRender(RENDER)$3.92-1.59%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.825.37%
  • ethenaEthena(ENA)$0.3365772.84%
  • worldcoin-wldWorldcoin(WLD)$1.191.16%
  • filecoinFilecoin(FIL)$2.640.14%