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Stacks Activating Nakamoto Upgrade In 8 Days, Will STX Break $2?

Author: Content Editor
The Stacks Network, a Bitcoin layer-2 protocol, is one of the largest DeFi protocols managing over $109 million worth of assets, according to DeFiLlama. The network is preparing for a major upgrade called Nakamoto, which is expected to improve scalability and security. Once activated, the upgrade will allow Stacks to process transactions within seconds, increasing transaction throughput and improving the user experience. However, Stacks will still rely on Bitcoin for security and all transactions will need to be confirmed on the Bitcoin mainnet. Despite the anticipated upgrade, the native token STX has remained relatively flat, with prices ranging between $1.20 and $2. A decisive breakout above $2 with rising volume may trigger a significant upward movement, potentially reaching $4.

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