BitGo integrates Stacks, should you invest?

BitGo integrates Stacks, should you invest?
фото показано с : invezz.com

2021-10-27 16:56

Stacks STX/USD is an open-source network of decentralized applications (dApps) and smart contracts that are built on Bitcoin.

The STX token is the native cryptocurrency token that powers the Stacks network, and it is used as fuel for blockchain transactions while also enabling users to earn Bitcoin through Stacking.

The BitGo integration as a catalyst for growth

Back on October 18, we saw Stack’s trading volume increase by 410% and its value grow by 20%.

On October 25, we saw an announcement from the Stacks official Twitter handle that BitGo has integrated STX.

They indicated that starting Monday, BitGo will offer institutional token holders the ability to earn Bitcoin through the usage of the STX token. This will be conducted to the process of Stacking.

The BTC rewards generated through Stacking are not based on a lending auction, and STX token holders do not need to lend their funds.

Stacks claims the yield is derived directly from the staking mechanism that is connected to the Bitcoin blockchain.

STX token holders will have access to BitGo’s insurance and even the asset protection and portfolio management services. 

That said, this has the potential to boost the value of the STX token due to its increased utility and circulation as a result of this integration.

Should you invest in Stacks (STX)?

On October 26, Stacks (STX) had a value of $2.2.

To get a better perspective as to what kind of value point this is for the token, we will be going over it’s all-time high value as well as its performance in September.

Discussing its all-time high value, STX achieved a value of $2.92 on April 5.

Here we can see that at its all-time high, the token was $0.72 higher in value, or by 32%.

In terms of the performance in September, Stacks had its highest point on September 4, when the token had a value of $1.7133.

Its lowest point was on September 29, when the token fell to a value of $1.1253.

This gives us an indication that the token fell in value by $0.588 or by 34%.

That said, from September 29 to October 26, the STX token value increased by $1.0747 or by 95%.

We can expect STX to get to $2.7 by the end of November with that in mind.

The post BitGo integrates Stacks, should you invest? appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97164.21 (+0.18%)
Объем 24H $42.279b
Изменеия 24h: 0.55 %, 7d: -5.38 %
Cегодня L: $96041.94 - H: $97458.26
Капитализация $1923.815b Rank 1
Цена в час новости $ 58909.07 (64.94%)

stacks stx token network bitcoin fuel powers

Источник: invezz.com

stacks stx → Результатов: 37


Фото:

Stacks (STX) Skyrockets Over 43% And Smashes $2 Threshold, Setting Sights On New All-Time Highs

Stacks (STX) has garnered significant attention in the cryptocurrency industry as it emerges as a leading altcoin contender.  With an impressive performance surpassing all top 100 tokens, except for Dymension (DYM), Stacks has witnessed a remarkable surge in the past 24 hours, catapulting its value well above the $2 mark and inching closer to its all-time high (ATH) of $2.

2024-2-14 08:00


Фото:

I’m investing in Stacks (STX) in October 2021 and this is why!

Stacks STX/USD is a layer-1 blockchain solution specifically designed to bring smart contracts as well as decentralized applications (dApps) to Bitcoin (BTC).  These can be brought into the blockchain network without needing to change any of the features that make it as powerful as it is, which means that there is no alteration to neither […] The post I’m investing in Stacks (STX) in October 2021 and this is why! appeared first on Invezz.

2021-10-19 16:39


Blockstack направит токены на $27 млн в Stacks Foundation для повышения децентрализации

Блокчейн-стартап Blockstack предоставит Stacks Foundation 100 млн токенов STX для повышения степени децентрализации сети. В компании рассчитывают, что это поможет выходу из-под надзора Комиссии по ценным бумагам и биржам США (SEC).

2020-8-11 16:50


Блокчейн-проект Blockstack планирует выйти из-под опеки SEC

Поднадзорный Комиссии по ценным бумагам и биржам США (SEC) стартап Blockstack планирует повторно провести тест Хауи в отношении токенов Stacks (STX) и прекратить выполнение предписаний регулятора. Это следует из годового отчета компании.

2020-5-1 16:06


Листинг токена Blockstack на Binance стоил $250 000

Криптовалютная биржа Binance несколько слукавила, когда заявила, что размещение Stacks (STX), нативного токена проекта Blockstack, последнему ничего не стоило, пишет The Block. Согласно документам, которые Blockstack подала Комиссии по ценным бумагам и биржам США (SEC), компания заплатила Binance 833 333 STX (около $250 000) наперед.

2019-10-29 17:23


Вопреки заявлениям Binance, биржа получила $250 000 за листинг токена Blockstack

Криптовалютная биржа Binance несколько слукавила, когда заявила, что размещение Stacks (STX), нативного токена проекта Blockstack, последнему ничего не стоило, пишет The Block. Согласно документам, которые Blockstack подала Комиссии по ценным бумагам и биржам США (SEC), компания заплатила Binance 833 333 STX (около $250 000) наперед.

2019-10-28 16:45


Фото:

Binance добавит в листинг токен проекта Blockstack

Криптовалютная биржа Binance анонсировала листинг Stacks (STX), нативного токена проекта Blockstack. Торги STX в парах с биткоином, USDT и BNB стартуют в 04:00 AM UTC 25 октября, прием депозитов уже открыт.

2019-10-24 08:30


Фото:

Биржа Binance объявила о поддержке токена проекта Blockstack (STX)

Криптовалютная биржа Binance анонсировала листинг Stacks (STX), нативного токена проекта Blockstack. Торги STX в парах с биткоином, USDT и BNB стартуют в 04:00 AM UTC 25 октября, прием депозитов уже открыт.

2019-10-24 21:06


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto Analyst: Bull Market Hinges On This Indicator Reaching 45%

In a detailed post on X, crypto analyst Jamie Coutts outlined various indicators he monitors to gauge when the market might pick up bullish momentum. Crypto Market Might Be In The Final Stage Of The Bearish Phase Coutts, Chief Crypto Analyst at the financial knowledge and education platform RealVision, noted that the cryptocurrency market has gradually declined.