The prices of Stacks (STX) and Pyth Network (PYTH) tokens have seen massive pumps lately, with both surging over 20% in the last 24 hours. According to the latest price data from CoinMarketCap, Stack’s price is currently $3.09, up 21.94% over the past day, while Pyth Network’s price sits at $0.697340, up 26.56% in the same timeframe.
What you'll learn 👉
Stacks (STX) Price Surge
As noted by BitcoinApe on X (formerly Twitter), the 100% ROI on STX in less than 30 days is now complete, with the coin breaking past the $2.9 resistance level with a bullish engulfing candle. The token reached a new two-year high by hitting the $3.1 price point. The $2.9 resistance level proved difficult previously, only being breached on the fourth attempt.
STX is now coming close to its former all-time high price of $3.39. The coin has witnessed remarkable growth over the past three months, including in its total value locked (TVL) and market capitalization. As the Bitcoin halving event draws nearer, BitcoinApe expects STX to demonstrate even more bullish price activity.
Additionally, crypto analytics firm LunarCrush highlighted on X that STX has seen the largest surge in social activity over the past year out of all assets, with interactions rising nearly 16,000%. This aligns with growing excitement around Bitcoin Layer 2 solutions, which STX also operates on. Specific social metrics for STX have skyrocketed over the past year, including posts (+4,149.4%), creators (+1,844.5%), and social dominance (+198%) across all cryptocurrencies.
Pyth Network (PYTH) Developments
The Pyth Network also released a price feed for STG/USD, where STG tokens power the Stargate Finance liquidity transport protocol. The Pyth STG/USD price feed is now available on over 50 different blockchains for developers to leverage in their decentralized applications (dApps).
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
Show more +Furthermore, in a retrospective token airdrop, the Pyth Network distributed over $160 worth of PYTH tokens to more than 160 dApps powered by Pyth across 27 different chains. This expanded reach was not just aimed at DeFi participants but also to additional members of the Pyth community.
Most recently, the Pyth Network launched a collaboration with Hedera Hashgraph to offer over 400 Pyth price feeds on the Hedera public ledger. This grants Hedera developers access to real-time pricing data to secure their DeFi apps on the network.
The ongoing traction and integration of both the Stacks and Pyth Networks continue fueling the strong upside price momentum for their respective STX and PYTH governance tokens. With bullish sentiment around Bitcoin and Layer 2 scaling solutions, coupled with the steadily growing ecosystem adoption, the price outlook remains positive for both digital assets.
You may also be interested in:
- Why is the Crypto Market Up Today?
- Can Pepe Token Reach a New All-time High? – Analyst Says $PEPE Will “Outperform” All Other Meme Coins – Here is Why
- Bonk’s Recent Surge Signals More Highs; The Graph and Rising AI Altcoin Gain Investor Trust
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
