With the hostile market environment, Stacks (STX) has continued its downward spiral as bears mount the pressure. According to CoinGecko, the token is down nearly 23% since last week, worsened by the current correction phase the market has entered. The latest market data shows that major cryptocurrencies like Bitcoin and Ethereum have shown a drop of 10% since last week, pulling the market downward by 2%.
However, several developments might help slow the token’s drive downward. These developments show Stacks as the prime layer-2 for the top cryptocurrency in the market.
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. According to their blog post in August 1st, 39 b
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