Stacks (STX) experienced a significant price surge, climbing over 30% to reach an all-time high of $3.65 on March 20, 2024. This rally was primarily driven by the community's overwhelming approval of the Nakamoto upgrade, aimed at enhancing block times and network security, thereby making transactions on Stacks as irreversible as Bitcoin's. The upgrade's testnet launched on March 25, with the mainnet activation expected in late May. Additionally, the introduction of sBTC, a Bitcoin-pegged token, and increased institutional adoption have contributed to the bullish momentum. These developments position Stacks as a leading layer-2 solution for Bitcoin, attracting significant investor interest.
