Saturday, May 21, 2022
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

- Advertisement -
Follow-Us-On-Google-News

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.

- Advertisement -

Disclaimer

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 Brennanhttps://thecryptobasic.com/
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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Burn The Remaining Terra USD (UST) Vote Passed But Failed to Execute Due to Technical Issues

Terra’s Proposal to Burn UST Failed to Execute Due to Technical Issues. window.coinzilla_display = window.coinzilla_display || ; ...

Shiba Inu Lead Developer Says Things Will Get Interesting Next Week 

Something Interesting coming for Shiba Inu community. window.coinzilla_display = window.coinzilla_display || ; var c_display_preferences...

Bill Gates Says He Is Not Invested In Crypto Because It is Valueless to Society 

The former world's richest person does not have any love for crypto. Bill Gates, the co-founder of popular tech company Microsoft disclosed that he does...

Binance CEO Says UST and LUNA Crash Could Have Been Avoided If Terra Used Its Bitcoin Reserve Earlier 

CZ is still not happy with the way Terra handled last week’s situation as he believes the crash could have been avoided if the...

Tether CTO: LUNA And UST Were Flawed In Design But Not A Rug Pull

The team at Terra has been struggling to save LUNA and UST after a sudden crash that sent the price of LUNA spilling down...

Two Major Indicators Suggest Bitcoin (BTC) Possible Price Rebound Above $35,000 

There is a likelihood that Bitcoin's price will rebound soon as it currently sits around major support levels.   Following last week’s market turmoil that...

Majority Of Terra Community Wants New Luna Chain Without UST

The Terra community has been deliberating on the way forward after the crypto lost over 95% of its ATH value. Many in the crypto...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.