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Ordinals NFTs Could Make Stacks’ STX a Multibillion-Dollar Token: Matrixport

Ordinals' non-fungible tokens (NFT) have the potential to push Stacks Network's STX into a billion-dollar token, Matrixport said in a recent research report. The firm's Head of Research and Strategy Markus Thielen joins "First Mover" to discuss and weigh in on the hype around Ordinals protocol.

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Matrixport Researcher on STX Token's Rapid Growth Amid Ordinals Interest

Stacks' STX token is the top performer in the CoinDesk Market Index (CMI) month-to-date and the third-best performer year-to-date. According to a recent Matrixport report, the popularity of Ordinals' NFTs could be the catalyst to push Stacks into a billion-dollar token. Matrixport Head of Research and Strategy Markus Thielen breaks down the potential of Stacks.

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Bitcoin Layer 2-Token Stacks Sees Interest Amid ‘Ordinals' Hype

The price of Stacks' native STX token has jumped in the last two weeks as prominent crypto investment funds turn to tokens of the so-called layer 2 companion chain for smart contracts focused on Bitcoin. Trust Machines CEO and Stacks co-founder Muneeb Ali shares his insights and gives his take on the Bitcoin Ordinals movement.

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Hype Around Bitcoin Ordinals, DeFi Drives Crypto Funds to Stacks Network

Prominent crypto investment funds are turning to tokens of the Stacks Network as they bet on the growth of Bitcoin. Demand for Stack’s STX tokens has increased since the arrival of the Ordinals protocol, which went live on Jan. 21 and allows users to inscribe references to digital art into small transactions on the Bitcoin blockchain. "The Hash" panel discusses what this means for the future of Bitcoin and the state of DeFi.

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Coinbase Prime Now Supports Stacking for STX

Coinbase Prime, crypto exchange Coinbase's trading platform serving institutional investors, is now introducing a way to passively earn bitcoin using the stacking feature of STX, the token used by the bitcoin-focused Stacks ecosystem. Brittany Laughlin, executive director of The Stacks Foundation, explains how Stacks works and its connection to bitcoin, the Coinbase partnership, MiamiCoin, and the broader crypto industry.

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