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Stacks (STX) has seen a significant 17.88% increase in its price over the last week, currently trading at $1.74. This rise comes amid the broader crypto market's volatility, with Bitcoin dropping below $60k. The upcoming Nakamoto upgrade on August 28, which promises enhanced transaction speeds and reduced fees, is a key driver of STX's current performance. Market analysts, including Decilizer, predict a potential new all-time high for STX, targeting $2.78 if the market conditions remain favorable. Positive market sentiment is further supported by a bullish outlook from AMBCrypto and positive funding rates indicating strong demand for long positions.
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