Bitcoin (BTC) And altcoinWhile the SEC’s ETF decision is awaited today Pantera Capital portfolio manager Cosmo Jiang He drew attention to a BTC-based altcoin.
Bitcoin based Stacks (STX) Jiang, who made a bullish prediction for the altcoin named, claimed that STX could witness an explosion in 2024.
Pointing out that STX increased by almost 95% last month, the Pantera Capital manager stated that the transaction activity on the Stacks network also increased rapidly.
“On the eve of approval of spot Bitcoin ETFs, increased user activity already gives us an idea. At this point they want to do more with Stacks.
Transaction activity on the Stacks network continues its upward trend. “Things will get better for STX when the Nakamoto upgrade, which increases processing speed by more than 100 times, goes into effect next April.”
Experiencing an 880% increase since the beginning of 2023 STX At the time of writing, it continues to trade at $1.71.
*This is not investment advice.
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