Stacks' STX Soars 27% on Positive Comments From Tim Draper

Stacks (STX), the native token of Stacks Network, zipped higher by 27% on Wednesday following a series of positive comments from legendary investor Tim Draper. Stacks is a layer 2 network designed to enable smart contracts on bitcoin (BTC). The token was distributed through the first-ever U.S. Securities and Exchange Commission (SEC) qualified token offering in 2019. "I'm really pretty excited about Stacks," Tim Draper said in an interview on CoinBureau. " Draper said earlier this year that he expects bitcoin to rise to $250,000 by 2025. Stacks has surged in prominence over the course of the year following the emergence bitcoin-based NFT projects like Ordinals. 

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