Plans to launch a Bitcoin-pegged stablecoin, an upcoming network upgrade and BTC’s recent recovery could be connected to STX’s 30% rally.
STX, the native token of the Bitcoin-focused Stacks layer-2 smart contract platform, is riding on Bitcoin’s recovery, up approximately 30% over the last seven days.
STX/USD daily chart. Source: TradingView
STX (STX) trading volume has doubled over the same period to $148.2 million on Sept. 26, surpassing Bitcoin’s (BTC) 7.5% increase since Sept. 18.
