Key Points
- Stacks [STX] Crypto introduces a significant mainnet upgrade, the “Nakamoto Upgrade”, improving transaction speed.
- The STX token is showing positive momentum, possibly indicating growth for STX and other BTC-integrated assets.
The Stacks [STX] Crypto has recently launched a major update, known as the “Nakamoto Upgrade”.
This Layer 2 enhancement separates Stacks’ block production from Bitcoin’s, increasing the network’s transaction speed.
STX Crypto and the Nakamoto Upgrade
The Nakamoto Upgrade is the most significant update to the Stacks platform to date.
According to official reports, the upgrade activated at Bitcoin Block 867,867 around the 29th of October, and data confirms successful activation at Block 867,900.
This progression means STX Crypto transactions are now processed within seconds, marking a notable improvement in speed and efficiency.
Moreover, the Stacks team has introduced “sBTC”, a unique token designed to bridge Bitcoin with the Stacks ecosystem.
This new feature is expected to increase the utility of both Bitcoin and STX within the network, making transactions faster and more decentralized.
Key Price Levels for STX Crypto
As STX Crypto adjusts to its post-upgrade momentum, certain technical levels will be crucial in determining its future direction.
The token is nearing its 50-day moving average, which could provide support if its recent bullish trend persists.
However, resistance is just below the psychological $2.00 mark, a point where previous rallies faced selling pressure.
A breakout above this point could indicate further gains.
Conversely, failure to maintain support could cause STX to retrace recent advancements.
The Nakamoto Upgrade paves the way for a promising new phase for Stacks, characterized by quicker transactions and the introduction of sBTC.
The market’s response has been positive, with technical indicators suggesting favorable conditions for further upward movement.
If STX Crypto maintains its support and successfully breaks through resistance, the recent upgrade could drive sustained growth for the token in the coming weeks.
