83K BTC Fuels STX Price Above $2: Is Stacks The Ultimate Bitcoin Beta Play?
Stacks (STX) has blasted above $2 in a Bitcoin beta play pump, but why are Stacks price fundamentals improved? And what’s next for STX price action?
Stack is gearing up for its groundbreaking Nakamoto hard fork, a key upgrade that promises to revolutionize the network with advanced features and refined dynamics. This upgrade promises quicker block times and solid Bitcoin finality. It is a key part of the Nakamoto Activation Sequence, a strategic push to boost network efficiency and security.
Looking for a continuation here. It just broke the long accumulation and an important daily level. pic.twitter.com/No2lttLmV6
— mac'Evoy (@macevoy_eth) November 11, 2024
STX Price Analysis: Stacks Price Crushes $2 Amid Bitcoin $80K Beta Play Pump
As excitement rips through the crypto market, Stacks price
Price
Trading volume in 24h
Last 7d price movement
is trading at a present $2.02, after mounting a 24-hour push around +11.59%. Bitcoin’s recent strength continues to provide good fundamentals for Stacks price, propelling STX in a BTC beta play move.
Consequently, the past 3 days have seen STX price push +32%, breaking above both the 20DMA (at $1.7), and the 200DMA (at $1.78). This gives Stacks a bullish technical structure, with a firm support zone between $1.70 and $1.85.
(STXUSDT)
Better yet, the impressive bullish price move has fuelled an uptick for the 20DMA, and as the bull run takes hold, STX price seems soon set to witness a ‘golden cross.’
The very fact that this hasn’t occurred yet is candidly bullish, suggesting that holders still have much of the future growth for the STX price. This sentiment is also reflected in the RSI, which is still pushing up at 65.
Future price targeting currently stands immediately overhead at $2.50 (a further +20% move from Today’s levels). But while Stack price reflects the emerging Bitcoin bull-run, whales are jockeying for position in a new meme coin presale – which is surging towards $27M raised amid viral attention in cabal circles.
DON’T MISS: The 15 Next 100x Cryptocurrency Opportunities
Whale Buys Are Triggering Viral Attention For Pepe Unchained’s $26.5M Layer-2 Presale
Pepe Unchained isn’t just a meme and a complete, fast, and cheap Layer-2 blockchain.
Ethereum handles about 15 transactions per second, which makes trading slow and costly. Pepe Chain, a Layer-2 solution, aims to fix this. With PEPU, traders can avoid Ethereum’s high fees.
Moving assets between Ethereum and the PEPU Chain will also be simple and quick, which could attract many users, especially during peak times.
In the first 11 days of Moonvember, Pepe Unchained has already seen substantial whale participation, far outpacing last month’s activity.
Just last week, a whale purchased $6 million worth of $PEPU—approximately $77,000—while the week before, another whale acquired 2.2 million $PEPU for $27,000. Over the weekend, the latest whale purchase was a 4.6 million $PEPU acquisition valued at around $63,000.
(Source)
Whale buys carry significant meaning, particularly in signaling smart money flow. These purchases indicate that investors with greater financial resources – often including investment funds with deeper market insights – are placing sizable bets on a project they believe holds substantial potential.
This big number shows strong demand. The project’s staking model and tokenomics add even more appeal.
Investors can buy $PEPU at $0.01239 with ETH, BNB, USDT, or even bank cards directly from the Pepe Unchained website. It’s easy and accessible.
Developers eager to build on the Pepe Unchained L2 chain can now apply for grants. Simply fill out a quick form on the website and receive a confirmation email. The Pepe Council will review applications regularly and award grants to the most promising projects.
For the latest news about Pepe Unchained as it makes its way to the $27 million milestone, join its community via X and Telegram.
EXPLORE: Ethereum News: Crypto Market Maker Dumping, Will ETH Crash Below $2,000?
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