Stacks Breaks Out Of A Correction Phase.
The Stacks crypto reversed its course after bulls established their presence near the $1.8 level and made a big leap towards the $2.5 level. The crypto made a breakout of a trendline resistance and surged over 28.9% this week marking the end of a correction phase.
The recent price surge has added it among the top performers of the week. Moreover, the breakout is supported by a significant rise in the volume inflow. As per the coinmarketcap.com the volume inflow surged 35.3% in intraday to $309.5 Million.
As a Bitcoin layer for smart contracts, Stacks crypto enables smart contracts and decentralized applications to use BTC as an asset to settle transactions on the Bitcoin blockchain.
It has a live market capitalization of $3.32 Billion and ranks 30th among all the cryptocurrencies. Currently, out of a total 1.81 trillion STX tokens nearly 80.65% (1.466 trillion STX tokens) of the total supply are in circulation.
The Stacks crypto reversed its course after bulls established their presence near the $1.8 level and made a big leap towards the $2.5 level. The crypto made a breakout of a trendline resistance and surged over 28.9% this week marking the end of a correction phase.
The recent price surge has added it among the top performers of the week. Moreover, the breakout is supported by a significant rise in the volume inflow. As per the coinmarketcap.com the volume inflow surged 35.3% in intraday to $309.5 Million.
As a Bitcoin layer for smart contracts, Stacks crypto enables smart contracts and decentralized applications to use BTC as an asset to settle transactions on the Bitcoin blockchain.
It has a live market capitalization of $3.32 Billion and ranks 30th among all the cryptocurrencies. Currently, out of a total 1.81 trillion STX tokens nearly 80.65% (1.466 trillion STX tokens) of the total supply are in circulation.