Stacks emerges top gainer with 10% surge despite market volatility
Stacks (STX) is currently leading the charge against the bears, with an impressive 10% gain in the last 24 hours amid heightened market volatility . Stacks is a blockchain protocol that leverages bitcoin’s security and state through the innovative proof-of-transfer (PoX) consensus mechanism. With this integration, Stacks seeks to enable smart contract capabilities on the bitcoin network and bolster scalability. Per data from price-tracking platform CoinMarketCap (CMC), STX, its native token, has been the biggest gainer among the top 100 assets by market capitalization in the past 24 hours. With a 9.21% surge , STX has outperformed bitcoin (BTC) over seven times within this timeframe. This price gain persists despite a noticeable drop from the local top observed in March. You might also like: FTX incurs over $120m in advisor fees as bankruptcy costs mount The asset’s impressive price gains have come up when most crypto assets face declines. Notably, up to fi...