STX rose more than 7%, breaking above a major level for the first time in months. STX could return to high levels again in the coming weeks.
Stacks (STX) Crypto has taken a big step forward with the release of its long-awaited mainnet upgrade, known as the “nakamoto upgrade.”
This Layer 2 enhancement effectively separates the stack’s block generation from Bitcoin’s block generation, allowing the network to process transactions faster.
STX token reacts positively to this update, coinciding with Bitcoin’s attempt to re-attempt all-time highs, indicating new momentum for STX and other BTC-integrated assets There is a possibility.
STX crypto begins Nakamoto upgrade
The Nakamoto upgrade is Stax’s most significant upgrade to date and a milestone for this layer 2 platform built on Bitcoin.
According to official sources, this upgrade is scheduled to be activated on Bitcoin block 867,867 around October 29th, and data confirms that it was successfully activated on block 867,900.
This advancement allows transactions on STX Crypto to be processed within seconds, significantly increasing speed and efficiency.
Additionally, the Stacks team announced the introduction of sBTC, a unique token designed to seamlessly bridge Bitcoin and 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.
Main price levels to watch for STX cryptocurrency
As STX crypto adapts to its post-upgrade momentum, certain technology levels will be important in determining its future direction. The token is approaching its 50-day moving average, which could provide support if the recent bullish trend continues.
Source: TradingView
However, resistance lies just below the psychological threshold of $2.00, a threshold that has been under selling pressure in previous bull markets. A breakout above this point could indicate additional gains.
At the same time, failure to maintain support could cause STX to reverse its recent progress.
Whether it’s realistic or not, the STX market capitalization in BTC terms is as follows:
Prospects for sustainable growth
The Nakamoto upgrade sets the stage for a promising new chapter for the stack, driven by faster transactions and the introduction of sBTC.
The market reaction has been positive, and technical indicators are pointing to favorable conditions for further upside. If STX Crypto manages to hold support and break through resistance, the recent upgrade could fuel sustained growth for the token in the coming weeks.
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