The cryptocurrency market staged a remarkable recovery last week, with several coins posting double-digit gains. Stacks (CRYPTO: STX), a Bitcoin (CRYPTO: BTC) Layer-2 token, outperformed them all.
STX Doubles in Value
STX exploded over 100% to become the market’s most successful cryptocurrency in the last seven days. The gains widened after a 6.45% uptick on Monday.
STX’s trading volume spiked 6.36% over the last 24 hours to $437.74 million, signaling strong buying interest.
The STX rally followed Bitcoin’s strong weekly gains, which lifted the cryptocurrency to $80,000 for the first time in more than three months.
