A Bitcoin-native altcoin soared greater than 60% this week, whereas BTC continues its climb in the direction of $ 60,000.
The Altcoin is Stacks (STX), a blockchain protocol that offers the Bitcoin community the flexibility to do clever contracts.
A current replace from the Stacks publication publicizes that Bitcoin-based non-fungible tokens (NFTs) have exploded up to now week and that a number of NFT tasks have been efficiently launched on Stacks.
Given the rising NFT market of stacks, the STX token rose from its worth beneath $ 1.40 to a neighborhood excessive of $ 2.43 final week. The STX is at the moment barely beneath its excessive, buying and selling at $ 2.16, based on CoinGecko.
With a market capitalization of $ 2.2 billion, the rise of the STX token has introduced it to 67th place among the many prime cryptocurrencies.
In July, crypto intelligence agency Messari reported that Stacks was listed as probably the most in style holdings amongst crypto hedge funds and enterprise capital companies, with 9 completely different corporations holding the crypto asset.
As for Bitcoin, the highest crypto asset continues to be operating sizzling and is at the moment buying and selling at $ 57,872, up 31% in October.
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Featured picture: Shutterstock / Sergey Nivens