Stacks Price Surges 71% In A Week After Bitcoin Ordinals Have Been Gaining Popularity

Stacks price surges 71% in a week after Bitcoin Ordinals have been gaining popularity. Ordinals protocol enables NFTs to be stored on the Bitcoin blockchain. Ordinal inscriptions can be inscribed into a Satoshi to stay permanently on the Bitcoin blockchain, the smallest decimal of a bitcoin. Stacks is a layer 2 for Bitcoin blockchain. STX is the native token of the Stacks Network. Developers can build smart contract on Stacks Network just like Ethereum.

An example of Bitcoin Ordinals is a collection of Ordinal Punks NFTs. Even YugaLab created its own Bitcoin NFT collection called Twelvefold. The main beneficiary of the popularity of Bitcoin ordinals is Stacks. Stacks is layer 2 blockchain that leverages the security of the bitcoin blockchain to settle transactions.