STX surged by 17.88% in the last seven days. The anticipated Nakamoto upgrade drives STX's trading volume by 136.23%.
Stacks’ anticipated Nakamoto upgrade drove STX’s trading volume by 136.23%.dropping below $60k to $58k. Major altcoins have not been exceptional as well, with increased liquidation in the past day.has defied the market trend to continue with sustained gains. Notably, STX has experienced moderate price gains over the past three weeks.
Prior to this, the altcoin was enjoying a considerable price surge. In the last seven days, the price of STX has increased by 17.88%. Therefore, the current surge raises questions about what’s driving STX’s prevailing market conditions.One of the factors driving STX’s current market condition is the highly anticipated Nakamoto upgrade. According toofficial X page, the upgrade is expected to happen on the 28th of August.
Equally, the ecosystem will experience scalability, lesser fees, and faster confirmation of transactions. Thus, the upgrade will make the Stacks ecosystem better, faster, and more secure, which is essential for traders.As the Stacks community awaits the Nakamoto’s upgrade, analysts are betting big on STX’s prospects. Inasmuch, crypto analystIn his analysis, he posited that the altcoin will likely reach the $2.78 target, noting,According to this analysis, STX will experience a 59.77% growth.
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