These developments show Stacks as the prime layer-2 for the top cryptocurrency in the market. Related Reading: Solana Rebound: SOL To Hit $260 Despite Continuous Dip, Analyst Says Stacks: Big News For Investors And BTC Enthusiasts Although the market is incredibly bearish, Stacks remain attractive for both institutional and retail investors alike. Ever since the first step of the Nakamoto upgrade rolled out last April 22nd, the newly introduced role of Signers’, their self-made term for validators, significantly grew in size.
Stacks 🤝 @Aptos live on stage at the Bitcoin Builders Conference! 🟧 @AptosLabs Head of Ecosystem Neil Harounian talked to @StacksOrg Chairperson Brittany Laughlin about forming a working group, as well as the Aptos Foundation becoming a Signer for Stacks.Learn more 1/3 👇 pic.twitter.com/EFTsIntD6M — stacks.btc (@Stacks) July 31, 2024 Since the start of the onboarding for Signers, about 118 BTC has been handed out to the various institutions.
This amount totals over $7 million at the current spot price for Bitcoin at $60.7k. Investors Should Watch Out For These Levels As of writing, STX’s current position remains occupied by the bears as the current market environment encourages selling rather than buying.
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