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Home Crypto News Market Stacks (STX) That Enables Secure Smart contracts Around Bitcoin Up 14% After...

Stacks (STX) That Enables Secure Smart contracts Around Bitcoin Up 14% After Coinbase Listing

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A cryptocurrency that cost just $1.99 saw its price soar with Coinbase’s listing.


Considered the largest cryptocurrency exchange in the United States and one of the oldest, it has a rigorous listing of new coins. Coinbase was the first cryptocurrency exchange to be listed on a Nasdaq stock exchange in the U.S.

Stacks (STX) skyrocketed after being listed on Coinbase. The coin soared when Coinbase announced that it would list the asset on its platform. As a result, Stacks rose to $2.53, currently trading $2.27, 14% up in the last 24 hours, while Bitcoin is down 1.6% in the previous 24 hours.

stx price

Stacks trading on Coinbase will occur in three trading pairs, against Euro, Dollar, and USDT.

The Stacks network is one of the most promising to create smart contracts for the Bitcoin community. Linked to Bitcoin, this network caught the attention of city mayors around the U.S., who started their City Coins.

One of the cities to do this was Miami, which created MiamiCoin and inspired other cities to do the same: New York with NYCCoin and Austin with AustinCoin. Last week, the mayor of Rio de Janeiro, Eduardo Paes, confirmed that he will create Rio Crypto, although it is not yet clear if it will be on Stacks.

In any case, this network draws attention by allowing the creation of NFTs, City Coins, and DeFi in the Bitcoin ecosystem, something sought by many in the community.

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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Mark Brennan
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.


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