Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Stacks (STX) Soars 27% Following Positive Comments from Investor Tim Draper

Stacks (STX) Soars 27% Following Positive Comments from Investor Tim Draper

CointimeCointime2023/12/20 15:09
By:Cointime

The price of Stacks (STX) rose by 27% on Wednesday after positive comments from investor Tim Draper. Stacks is a layer 2 network that allows for smart contracts on bitcoin (BTC) and was distributed through the first SEC-qualified token offering in 2019. Draper expressed excitement about Stacks and its potential to move important applications to Bitcoin, comparing it to the trend of Microsoft. Stacks has gained prominence due to the emergence of bitcoin-based NFT projects like Ordinals, with capital locked on the network rising from $7 million to $50 million since the start of the year. The token is currently trading at its highest level since February 2022.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!