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  • Lisk (LSK) token price has soared 62%: here’s what is fueling the rally

    Lisk (LSK) token price has soared 62%: here’s what is fueling the rally

    Lisk (LSK) token price has soared 62%

    • The Lisk (LSK) token has surged 62% amid altcoin rotation and ecosystem growth.
    • The key support lies at $0.2574, while the immediate resistance lies between $0.3372 and $0.4591.
    • The breakout has coincided with a dramatic surge in Lisk open interest.

    Lisk (LSK) has captured the attention of crypto investors today as the token experienced a remarkable 62.6% surge in just 24 hours.

    The sudden rally has pushed LSK to new short-term highs, outpacing a broadly flat cryptocurrency market.

    Analysts are pointing to a combination of technical triggers, ecosystem developments, and market rotation that are fueling renewed optimism in the once-sleepy token.

    Explosive breakout drives market attention

    Lisk (LSK) has broken out of a descending wedge pattern that had constrained its price since July.

    In a single trading session, the token rocketed from $0.18 to an intraday high of $0.42, generating significant trading volumes.

    The breakout coincided with a dramatic 258% surge in open interest, with $38.9 million added in just four hours.

    However, a slightly negative funding rate of -1.96% intensified short liquidations, triggering $1.6 million worth of forced exits across major derivatives markets.

    Market rotation and ecosystem growth

    The LSK rally is also closely tied to broader market dynamics, where Bitcoin dominance has fallen to 59.3%, signalling a rotation of capital into high-growth altcoins.

    Lisk (LSK) benefited from this flow, seeing its 24-hour trading volume surge by over 5,500% to $237 million.

    Investors appear to be favouring LSK as a promising, undervalued token amid muted Bitcoin volatility.

    Further bolstering sentiment, Lisk’s ecosystem has shown meaningful development with the launch of a $15 million EMpower Fund supporting Web3 startups across Africa, LATAM, and Asia, while DeFi integrations like Gearbox Protocol have expanded LSK’s lending and borrowing utilities.

    The Lisk Network has also migrated to the Optimism Superchain, bringing its app ecosystem in line with other OP stack chains like Base.

    These developments enhance Lisk’s credibility and long-term growth prospects, attracting speculative capital and encouraging active trading in the short term.

    Lisk (LSK) token price outlook

    The LSK token has demonstrated a remarkable ability to rebound even after extended periods of decline, and recent developments in Web3 applications and derivatives trading have reignited investor interest.

    A blend of technical momentum, ecosystem growth, and capital rotation into altcoins underpins a cautiously optimistic outlook for Lisk (LSK) in the near term.

    If the Lisk price can maintain levels above $0.32, the token may target the $0.42–$0.45 range, signalling continued bullish momentum.

    However, traders should remain vigilant, as sharp rallies like this often experience short-term retracements, especially seeing that the RSI is already in the oversold region.

    The key levels around $0.345 and $0.402 will be crucial in shaping market sentiment, and sustained trading volumes above $200 million per day would further reinforce the breakout.

    From a technical perspective, LSK needs to stay above $0.2574 to support its upward trajectory.

    Lisk (LSK) token price analysis
    Lisk (LSK) token price chart | Source: CoinMarketCap

    Breaking through the first major resistance at $0.3372 could pave the way toward $0.4591, with a potential third resistance level at $0.5629 if bullish conditions persist.

    But on the downside, a breach below $0.2574 may expose the token to a deeper correction, with the next support level at $0.1891 serving as a critical floor for buyers, according to CoinLore.

    Overall, the Lisk (LSK) token price reflects a delicate balance between renewed optimism and short-term caution.

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  • Synthetix price soars 20% amid volume spike: here’s why

    Synthetix price soars 20% amid volume spike: here’s why

    • Synthetix’s native token SNX spiked more than 20% in 24 hours to hit $0.79.
    • Daily volume rocketed 700% to over $147 million, with Synthetix benefiting from a broader crypto bounce.
    • The Synthetix network’s move to launch its perps DEX on the Ethereum mainnet has helped SNX price.

    Synthetix (SNX), a decentralized futures protocol with trading support on Ethereum, has seen its price surge by 20% within the last 24 hours as Bitcoin leads a minor bounce for the crypto market.

    The SNX token, which has climbed alongside notable gains for Ethereum, Solana and XRP, hit intraday highs of $0.79.

    Price gains for the altcoin happened alongside a significant jump in daily volume, with bulls attempting to break above a level that has previously constrained upside momentum around $0.80.

    Synthetix (SNX) pops 20% in 24 hours – here’s why

    The crypto market, still reeling from recent losses, is showing early signs of recovery as buyers attempt to regain control.

    Bitcoin has reclaimed the $110,000 mark after a sharp dip, while Ethereum has climbed back above $4,560, holding steady despite broader risk asset pressure.

    Solana has broken past $204, and XRP is eyeing the $3.70 level, both reflecting improved sentiment.

    Within this backdrop, Synthetix has surged 20%, standing out as one of the stronger performers.

    The rally comes as decentralised finance tokens show renewed strength, aided by Synthetix’s recent launch of the first perpetual exchange on the Ethereum mainnet—a development seen as a key catalyst for the token’s momentum over the past week.

    In the period, SNX price has jumped by double digits, helped by the rollout of pre-deposits and a chance for traders to get on the Synthetix mainnet alpha whitelist.

    The launch of SLP vault, a liquidity pool offering access to liquidity across all perp markets and an opportunity to rank among the first to earn SNX points, has driven a lot of the market activity for Synthetix.

    Network support for gasless trading is also a huge move for the perps DEX.

    SNX price forecast

    While SNX price hovers at $0.79 and eyes gains towards $1, the altcoin remains well off its all-time peak of $28.53 reached in 2021.

    Synthetix has also struggled since rejecting the December 2024 peak of $3.40.

    Despite this largely negative trend, analysts are seeing a short-term bullish flip for Synthetix’s price.

    If SNX successfully takes out the resistance at $0.80 and $0.85, bulls could eye the $1 mark.

    Synthetix chart by TradingView

    Technical indicators on the daily chart support this outlook. The Relative Strength Index (RSI) is at 57, signalling potential for continuation.

    Meanwhile, the Moving Average Convergence Divergence (MACD) is signalling a strengthening of upward momentum after a bullish crossover.

    However, volatility remains a concern, and the $0.60 zone could offer support if bears pick up the advantage.

    Traders taking profit or whale activity taking hold will be a key watch in the coming days for Synthetix, particularly after its 20% surge.

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  • CYBER price explodes 80% to YTD high above $4.5: here’s why

    CYBER price explodes 80% to YTD high above $4.5: here’s why

    • Cyber price rose 80% in 24 hours to hit $4.5.
    • Broader market sentiment and Upbit listing catalysed the gains.
    • If the broader crypto market continues its upward trend, CYBER price could target a new all-time high.

    Cyber (CYBER), the native token of the CyberConnect ecosystem, has witnessed an impressive 80% surge in 24 hours to hit highs of $4.5, its highest level since January 2025.

    This explosive price gain has captured the market’s attention, with daily volume spiking more than 825% to over $410 million.

    Meanwhile, the market cap has jumped to over $154 million. Per data from CoinMarketCap, CYBER ranks as the best performing altcoin in the top 500 by market cap, outpacing peers.

    Why is Cyber price skyrocketing?

    Cryptocurrencies bounced as Bitcoin broke to $122k before retreating, and Cyber price picked up momentum amid this move.

    However, the likely trigger for CYBER’s sharp gains in the past 24 hours looks to be the official listing of the token on Upbit, the largest crypto exchange in South Korea.

    On August 12, 2025, Upbit announced trading support for CYBER with Korean won and Tether (USDT).

    The CYBER/KRW and CYBER/USDT pairs going live on the exchange have injected fresh liquidity and visibility for the token, attracting further buy-side pressure.

    Upbit’s decision to support CYBER adds to the excitement around the decentralised social platform, with CYBER seeing its biggest jump in nearly eight months.

    Cyber treasury strategy

    As well as the Upbit listing, bullish market sentiment around altcoins is key to CYBER price gains.

    Cyber Foundation also recently announced the major milestone that saw NYSE-listed company Enlightify Inc become the first publicly-traded company to initiate a treasury strategy for CYBER.

    Enlightify plans to accumulate up to $20 million worth of CYBER tokens for the next 12 months.

    This trend has driven the Ethereum price to above $4,300 and helped Solana, XRP and other top alts to retest key supply wall areas.

    CYBER price could benefit from such a trend.

    “Institutional engagement with digital assets has long centered on passive BTC or ETH holdings. Enlightify’s plan to build a treasury position in CYBER—the native token that powers Cyber’s decentralized AI and social infrastructure—signals a broader shift toward recognizing the long-term value of specialized blockchain networks,” the Cyber team noted.

    CYBER price forecast: is a new all-time high next?

    Elsewhere, the technical outlook for CYBER suggests room for further growth.

    Cyber price chart by TradingView

    Breaking through key resistance levels near $4.0 amid a surge in trading volume suggests upside strength.

    Indicators such as the Relative Strength Index (RSI) on the weekly chart align with the bullish momentum.

    The chart shows CYBER is not overly extended in the overbought territory.

    Bulls could aim for $6 and then $10, with the all-time high above $15 possible in 2025.

    However, the profit taking seen across the market has helped bears revisit lows of $3.15. CYBER currently trades around $3.41 and bulls need to reclaim $4.00 to have the upper hand.

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  • MYX Finance (MYX) price just shot up 289%: Here’s why

    MYX Finance (MYX) price just shot up 289%: Here’s why

    MYX Finance price surge

    • MYX Finance (MYX) price has skyrocketed amid hype around its upcoming V2 upgrade.
    • Binance listing has also boosted the token’s visibility and sparked retail FOMO.
    • MYX Finance TGE, two months ago, saw 30,296% oversubscription, fueling early demand.

    While the cryptocurrency market is no stranger to wild price swings, the recent surge in MYX Finance (MYX) has grabbed the attention of traders and analysts alike.

    Over the last 24 hours, MYX token soared by an astonishing 289%, briefly hitting an all-time high of $0.989 before pulling back to $0.8810 at press time.

    MYX Finance price

    This dramatic rally has sparked widespread interest, especially as MYX Finance cements its position in the DeFi derivatives landscape.

    The spike in MYX’s value is not just a fluke. It is the result of several fundamental developments, market hype, and strong trading performance.

    Notably, investors are flocking to take part in what they believe could be a long-term uptrend as the MYX Finance platform prepares for a major upgrade.

    The MYX Finance V2 upgrade buzz

    A major driver of the MYX price rally is the heightened anticipation surrounding its upcoming V2 launch.

    Although the development team has not yet disclosed a release date, speculation around the upgrade has been intense.

    Many believe that V2 will significantly enhance MYX Finance’s trading experience by introducing zero-slippage execution, advanced chain abstraction, and improvements to its proprietary matching pool mechanism.

    These features are expected to bring a more seamless and efficient trading model to on-chain users.

    The protocol’s monthly volume has already hit an all-time high, reaching $9.07 billion over the past 30 days, with $285 million traded in just the last 24 hours.

    This surge in usage indicates a rapidly growing interest in the MYX platform ahead of the much-anticipated upgrade.

    And because the MYX token plays a key role in accessing these features, such as discounted trading fees, demand for the token has skyrocketed.

    Early MYX TGE hype laid the groundwork

    Long before this week’s rally, MYX Finance had already generated buzz within the DeFi community.

    On May 6, 2025, the project held its token generation event (TGE) on Binance Wallet.

    The event was a massive success, with a staggering 30,296% oversubscription. Over $51 million in trading volume was recorded within the first 24 hours.

    This early success helped MYX dominate the BNB Chain DEX space, quickly accumulating $35.2 million in total value locked (TVL).

    Participation in the TGE required at least 142 Alpha Points, a structure that helped drive deep community engagement and strengthen early demand for the token. Since then, the project has maintained a strong narrative of growth and innovation.

    Binance spotlight ignites FOMO

    In addition to the protocol’s organic growth, MYX recently received a significant boost in visibility after becoming the top gainer on Binance.

    On August 4, the token’s price jumped by 138% in a single day, triggering a 711% increase in daily volume to $46 million.

    This momentum was further amplified by social media activity, including a tweet from the MYX team quoting Binance founder CZ, which drew tens of thousands of views.

    While the rally looks attractive, the token’s Relative Strength Index (RSI) hit 97.45, an indication that it is heavily overbought.

    MYX Finance price outlook

    Despite the rapid price rise, traders remain sharply divided on MYX’s short-term outlook.

    The upcoming V2 release could mark a significant turning point, but only if user adoption continues to scale and on-chain activity holds up.

    On the flip side, MYX’s low market cap and retail-heavy volume mean it remains susceptible to pump-and-dump cycles and sudden reversals.

    Nevertheless, with strong backers like Sequoia China, HashKey Capital, and ConsenSys, as well as a growing presence across major chains like Arbitrum, Linea, and BNB Chain, MYX Finance is building more than just hype.

    The coming weeks will reveal whether it can convert this momentum into sustainable growth or whether this explosive rally is a short-lived spike.

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  • Celestia price outlook: Here’s why TIA risks further losses

    Celestia price outlook: Here’s why TIA risks further losses

    Celestia Price Bearish

    • Celestia (TIA) trades at $1.81, down 13% in the past week.
    • The altcoin is paring gains seen following a bounce from lows of $1.32.
    • Celestia Foundation has announced it bought all remaining TIA from Polychain Capital.

    Celestia’s price of $1.81 today  is down double digits in the past week. While it has bounced 38% since hitting its all-time lows of $1.32 in June, it is 70% down in the past year and -91% from its all-time high above $20.9 reached in February 2024.

    As the cryptocurrency market navigates its latest pullback, is TIA at risk of fresh losses? Or could Celestia Foundation’s latest move catalyze a fresh recovery?

    Celestia Foundation buys back TIA from Polychain Capital

    As TIA price fell over the past year, most analysts pointed the finger towards the aggressive dumping by Polychain Capital.

    Celestia moved from being one of the most attractive coins at its mainnet launch, to lagging the market. Underperformance in the past year has pushed it further off its peak.

    An analyst on X called it one of the “most predatory VC tokens out there.”

    The Celestia Foundation has moved to flip the picture, announcing it acquired Polychain Capital’s remaining TIA holdings. It is a move that concludes a long-standing partnership with the VC that acquired coins under or at $1.

    Now after dumping tokens, Polychain has agreed to sell its 43,451,616.09 TIA tokens back to the Celestia Foundation for $62.5 million. Polychain is set to undelegate its staked assets to facilitate the deal.

    Why is TIA largely bearish?

    Despite the Celestia Foundation’s move, TIA’s price trajectory remains largely bearish.

    Token unlocks, which will gradually release the redistributed tokens into circulation, remains. This controlled release has the design of a strategy eyeing no sudden supply surge. New investors receiving the coins must therefore not adopt a sell-off strategy similar to Polychain Capital’s earlier actions.

    Otherwise, with a potentially aggressive divestment feature and rewards loophole, bears may yet take further hold.

    Recently, commenting on TIA price, crypto analyst zeroknowledge posted on X:

    “The structural selling pressure is not a side effect, it’s literally the primary feature of the tokenomics design.”

    Explaining further, the analyst added:

    “The most damning example is Polychain Capital, which invested approximately $20 million across Series A and B rounds. Through the staking rewards loophole (see screenshot below), Polychain already sold over $82 million worth of TIA (achieving a 4x return on investment) before a single one of their primary tokens has unlocked.”

    Is this changing? Market participants have pointed to Celestia restructuring its tokenomics and governance model.

    As Chaos Labs notes in the above post, Celestia will not just reallocate the Polychain stash, but has a proposal to cut inflation rate. But will this stem the selling?

    Celestia price technical outlook

    The token traded around $1.81 at the time of writing, with open interest down to $197 million.

    Technical indicators -the RSI and MACD on the daily chart give sellers the upper hand. Notably, the RSI is downsloping below 50 while the MACD is signaling a bearish crossover.
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  • Here’s why Bubblemaps (BMT) price soared 110% today

    Here’s why Bubblemaps (BMT) price soared 110% today

    • Bubblemaps (BMT) has spiked more than 110% in the past 24 hours, climbing from lows of $0.12 to intraday highs of $0.29.
    • This put BMT ahead of Mubarak (MUBARAK) and API3 (API3) in terms of 24-hour performance.
    • Binance and Bithumb news are likely catalysts for Bubblemap’s price rally.

    Bubblemaps’ native token BMT has surged by more than 110% in the past 24 hours, climbing from lows of $0.12 to intraday highs of $0.29.

    The altcoin’s gains put it at the top of the 500 largest coins by market cap, ahead of Mubarak (MUBARAK) and API3 (API3). Per CoinMarketCap, the two tokens have surged 77% and 54% respectively in the past 24 hours. Bounce (AUCTION) led gainers on Monday.

    Why did Bubblemaps price skyrocket today?

    Bubblemap’s BMT is surging amid an overall flip for some altcoins. The cryptocurrency is also surging as BMT’s traction post its token generation event continues.

    Part of this upside momentum reflects invstor enthusiasm after major announcements by Binance and Bithumb. Recently, Binance announced the launch of BMT futures and price rallied hard.

    Bubblemaps price chart by CoinMarketCap

    On Tuesday, South Korean crypto exchange Bithumb announced trading support. With another major Binance announcement out today, Bubblemaps has skyrocketed.

    “Binance is excited to announce the 12th project on the HODLer Airdrops page – Bubblemaps (BMT). Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products from 2025-03-02 00:00 (UTC) to 2025-03-06 23:59 (UTC) will get the airdrops distribution,” the exchange noted.

    Users will get the HODLer Airdrops in their spot accounts at least an hour before the exchange rolls out trading.

    Expected pairs set to go live on March 18 at 15:00 UTC will be BMT against stablcoins Tether (USDT), USDC (USDC) and First Digital USD (FDUSD). Binance will also list trading pairs against BNB (BNB) and Turkish Lira (TRY).

    Bulls push BMT price to all-time high

    Positive vibes have propelled BMT’s market capitalization to over $72 million, with trading volume up 257% in 24 hours.

    Bubblemaps is a blockchain data visualization platform designed to make complex on-chain data accessible and actionable. Launched on networks like Solana and BNB Chain, Bubblemaps transforms tokenomics and wallet interactions into intuitive bubble charts, helping users identify patterns, clusters, and potential scams.

    Its native token, BMT, powers the ecosystem and serves as both a utility and governance token.

    Since its token generation event on March 11, hosted on Binance Wallet, Bubblemaps has seen its price jump to the all-time high of $0.29. Notably, BMT is up 266% since its all-time low of $0.07 on March 12.

    Momentum has swung upward amid top exchange’s listing of BMT. Apart from Binance and Bithumb, the token is available on Kraken, Bitget and Bybit.

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  • Bitcoin ETF investors hold strong despite a 25% BTC price drop: Here’s why

    Bitcoin ETF investors hold strong despite a 25% BTC price drop: Here’s why

    • US Bitcoin ETFs collectively manage $115 billion in assets
    • Since mid-February, Bitcoin ETFs have witnessed total outflows of nearly $5 billion
    • Bitcoin’s decline continues as selling pressure intensifies

    Even as Bitcoin’s price has tumbled 25% since the start of 2025, a staggering 95% of investors in US spot Bitcoin ETFs have held firm, resisting the urge to sell.

    Despite market volatility and macroeconomic uncertainties, Bloomberg data suggests that the overwhelming majority of ETF holders remain unfazed, showcasing strong conviction in Bitcoin’s long-term potential.

    Bitcoin ETFs show resilience 

    Bloomberg ETF strategist James Seyffart reported that inflows into Bitcoin ETFs have slightly declined to $35 billion, down from their $40 billion peak.

    However, this still represents over 95% of investor capital remaining in ETFs, even as Bitcoin’s price struggles.

    Institutional investors, including Goldman Sachs, continue to maintain significant exposure, with more than $1.5 billion invested in Bitcoin ETFs.

    As of now, US Bitcoin ETFs collectively manage $115 billion in assets, underscoring the staying power of both retail and institutional investors despite the crypto market downturn.

    Bitcoin ETF outflows persist

    Since mid-February, Bitcoin ETFs have witnessed total outflows of nearly $5 billion.

    On March 13 alone, outflows reached $135 million, according to Farside Investors.

    However, BlackRock’s iShares Bitcoin Trust (IBIT) remains an exception, attracting net inflows of $45.7 million amid the broader sell-off.

    Bitcoin price faces pressure 

    Bitcoin’s decline continues as selling pressure intensifies due to macroeconomic concerns, including the Trump administration’s ongoing tariff battle.

    While BTC briefly surged above $84,000 following the release of US CPI data on Wednesday, it failed to hold above key resistance levels.

    At press time, Bitcoin is trading at $81,953, down 1.56% on the day, with daily trading volume dropping 22% to under $30 billion.

    According to Coinglass data, 24-hour liquidations have spiked to $75 million, with $52 million in long positions being wiped out.

    CryptoQuant CEO Ki Young Ju noted that Bitcoin demand appears “stuck” at current levels but emphasized that it is still “too early to call it a bear market.”

    Long-term Bitcoin holders continue accumulating

    Despite Bitcoin ETF outflows, on-chain data reveals that long-term holders are accumulating more BTC.

    Crypto analyst Ali Martinez reported that these investors have added over 131,000 BTC to their wallets in the past month alone, signaling confidence in Bitcoin’s long-term trajectory.

    With Bitcoin’s price volatility and ETF outflows persisting, the coming weeks could be crucial in determining whether investors’ diamond hands will hold firm or if selling pressure will intensify.

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  • Here’s why OKB price spiked 20% today

    Here’s why OKB price spiked 20% today

    • OKB token surged more than 20% to hit highs of $61.29 on Jan. 17.
    • The altcoin, native to the OKX exchange, rose as the community reacted to news around Azuki’s Animecoin (ANIME).

    OKB registered a price surge 20% higher. The price surge follows OKX adopting OKB as the primary token for mining Animecoin which is their maiden project aimed at revolutionizing the Anime industry.

    On Friday Jan 17, the price of OKB, the native token of the OKX ecosystem rose by 20% posting a high of $58.86. This came after the crypto platform chose it as the primary token for mining Animecoin (ANIME), the Azuki backed token.

    OKX Jumpstart and ANIME tokens

    The OKX Jumpstart staking program  is set to begin mining Animecoin on Jan 20. The OKB users can stake their OKB and BTC tokens to gain Anime tokens.

    The program will run from Jan 20 to Jan 23.

    While there is no minimum limit for staking for the holders of OKB and BTC tokens, maximum staking limit is set at 600 OKB and 0.3 BTC ($30,000). Staking and unstaking is permissible at any given time.

    Of the 10 billion total token reserve, a share will go to the active participants in the OKX Jumpstart event. 50.5% of the total supply will be apportioned to the community. 37.5% of the token will go to the Azuki community who are the very first supporters of Animecoin while Community Cultivation which is held by future AnimeDao will get 13%. The 13% will be used as community incentives and initiatives.

    Partner communities will also get 2% share.

    The Anime token Listing

    The Anime token is set for listing on both the Ethereum and Arbitrum platforms on Jan 23. Sources indicate that the token will stir up great following among the Anime users,its creators and revolutinize the the anime ecosystem to a great deal.

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  • Bitcoin breaks $87k; here’s what this analyst says about BTC price

    Bitcoin breaks $87k; here’s what this analyst says about BTC price

    • Bitcoin has hit a new high above $87,000 and could bounce past $100,000 amid bullish momentum.
    • If it happens, the bull market case is for a rally to $150k, an analyst says

    With Bitcoin rallying to a new all-time high above $87,000, the overall sentiment suggests it’s likely to continue higher. Although a breather could be due, analysts are suggesting this might just be a start of a major bull run for the benchmark crypto asset.

    Bitcoin hits $87k: What next?

    BTC rallied higher after breaching $84k amid MicroStrategy’s $2 billion worth of bitcoin purchase. The upward move now sees it trade above $87k. This is after the momentum carried from the past week, which saw Donald Trump become president-elect.

    According to crypto analyst Kaleo, the next stop for BTC could be $90k before a brief consolidation. However, this might offer the next upward bounce.

    Now, past performance is not an indicator of future gains, the market knows. Nonetheless, crypto analyst Kaleo says should Bitcoin price take a similar trajectory to its previous cycle, it could stall around $90k. This should however be only for a brief period before the upside momentum returns to push bulls beyond $100k.

    “When Bitcoin finally made a clean break above the previous cycle’s all time high in December of 2020, it ripped 22% higher without pulling back over the course of several days before it slowed down a bit,” the analyst posted on X. “It spent about [a] week consolidating [there] prior to beginning another 75% up only run over the course of the next few weeks,” he added.

     

    Per the chart the analyst shared, a bull market projection has Bitcoin price at $150k with a 75% breakout. Things may not play out as such, particularly with the market never moving in a straight line. Regardless, the long term view is super bullish for Bitcoin.

    “The fun in this bull market is just getting started,” the analyst opined.

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  • Stacks (STX) prepares for Nakamoto upgrade: here’s what to expect

    Stacks (STX) prepares for Nakamoto upgrade: here’s what to expect

    Stacks (STX) prepares for Nakamoto upgrade: here’s what to expect

    Stacks, the largest Bitcoin layer-2 network, is on the verge of a transformative upgrade known as Nakamoto. As the Nakamoto upgrade approaches, Stacks’ native token, STX, currently trading at $1.80, is up 68% from its August lows.

    Scheduled to begin this week, the Nakamoto upgrade promises to be a pivotal event for the platform, heralding significant changes in transaction efficiency and expanding use cases.

    Stacks Nakamoto upgrade

    The Stacks Nakamoto upgrade is set to drastically reduce average transaction times from 10 minutes to mere seconds.

    Such a leap in efficiency opens the door to a range of new applications, including the creation and utilization of liquid stacking tokens. These tokens can now be seamlessly integrated into Decentralized Finance (DeFi) platforms, allowing users to deposit, borrow, and leverage liquidity with greater ease.

    In addition to improved transaction speeds, the Nakamoto upgrade will introduce sBTC, a new asset pegged 1:1 to Bitcoin.

    Unlike wrapped Bitcoin (wBTC), which relies on a central custodian, sBTC aims to provide a decentralized alternative. This enhancement promises increased censorship resistance, cost efficiency, and robust security features.

    By simplifying Bitcoin’s use in DeFi, non-fungible tokens (NFTs), and gaming, sBTC is expected to differentiate itself from existing solutions and attract more creators to the ecosystem.

    The anticipated upgrade is not only poised to revolutionize transaction processes but also to bolster the DeFi and NFT sectors within the Stacks network.

    As developers roll out the Nakamoto upgrade, the Stacks is likely to see increased adoption and innovation, positioning it as a significant player in the evolving landscape of Bitcoin layer-2 solutions.

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