Stacks Network is preparing to activate the Nakamoto upgrade in just 8 days, which could have significant implications for its ecosystem. This upgrade aims to improve throughput and security, allowing Stacks to handle more transactions and process them faster. Despite this bullish news, the native token, STX, is currently stuck in a consolidation phase, trading between $1.20 and $2. For the uptrend to resume and for the price to break above $2, a decisive breakout with rising volume is needed. If this occurs, STX could potentially reach $4, nearly doubling from its September highs.
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Stacks Activating Nakamoto Upgrade In 8 Days, Will STX Break $2?
