Stacks: New Network Upgrades Push STX Price Up By 18% Details

Stacks (STX) has regained and built up its momentum over two weeks after a bloody September start. Since then, the token has garnered much-deserved attention as developments on the platform mount up. According to CoinGecko, STX surged over 18% since last week, representing a strong flip in investor sentiment.  Stacks continue to make noise as [...]

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REX Shares, Tuttle launch 2x long, short Microstrategy ETFs

They follow Defiance ETFs launch of a 1.75x leveraged MSTR ETF in August.

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Stacks (STX) Drops 23%, But Recent Devs Might Slow The Trend

With the hostile market environment, Stacks (STX) has continued its downward spiral as bears mount the pressure. According to CoinGecko, the token is down nearly 23% since last week, worsened by the current correction phase the market has entered. The latest market data shows that major cryptocurrencies like Bitcoin and Ethereum have shown a drop of 10% since last week, pulling the market downward by 2%. However, several developments might help slow the tokens drive downward. These developments show Stacks as the prime layer-2 for the top cryptocurrency in the market.  Related Reading: Solana Rebound: SOL To Hit $260 Despite Continuous Dip, Analyst Says Stacks: Big News For Investors And BTC Enthusiasts Although the market is incredibly bearish, Stacks remain attractive for both institutional and retail investors alike.  Ever since the first step of the Nakamoto upgrade rolled out last April 22nd, the newly introduced role of Signers, their self-made term for validators, significantly grew in size. According to their blog post in August 1st, 39 blockchain institutions signed up with Stacks to be a signer. Among the signers is Xverse, a Bitcoin wallet provider that dabbles in the BRC-20 standard. This major onboarding will result in a larger user base, giving Stacks a big advantage as layer 2s on the Bitcoin blockchain attract more attention.  However, the partnership announcement made between Stacks and Aptos during the Bitcoin Builders Conference created some buzz for the two. According to some key takeaways, Aptos will join Stacks as a signer, bumping their total Signer count to 40, along with the start of a working group for better collaboration between the two organizations. Stacks @Aptos live on stage at the Bitcoin Builders Conference! @AptosLabs Head of Ecosystem Neil Harounian talked to @StacksOrg Chairperson Brittany Laughlin about forming a working group, as well as the Aptos Foundation becoming a Signer for Stacks. Learn more 1/3 pic.twitter.com/EFTsIntD6M stacks.btc (@Stacks) July 31, 2024 Since the start of the onboarding for Signers, about 118 BTC has been handed out to the various institutions. This amount totals over $7 million at the current spot price for Bitcoin at $60.7k.  Investors Should Watch Out For These Levels As of writing, STXs current position remains occupied by the bears as the current market environment encourages selling rather than buying. But the bulls are mounting a string defense around the $1.460 price floor.  Related Reading: Solana Rebound: SOL To Hit $260 Despite Continuous Dip, Analyst Says This is huge for investors bullish on STX as it gives the bulls strong support for a possible movement upward. However, the possibility of a bullish breakthrough remains uncertain. The markets current downward trend is supported by the fact that the major cryptocurrencies are still bearish in the short to medium-term.  If the bulls can defend the $1.460 line, we can expect lesser volatility within the market compared with todays movements. If theyre successful, retaking the May-June price levels will be easy.  Investors and traders should keep their eyes open for any market movement in favor of the bulls.  Featured image from Boxmining, chart from TradingView

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Stacks: New Developments Push STX Price 18% Higher Details

The market swung in favor of Stacks (STX) as the token continued its upward momentum. As of writing, CoinGecko notes a solid 18% gain in the past week as it captured the bullish momentum of the market despite the slight dip yesterday. Since then, STX has attracted more investors as it has shown strength despite [...]

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SEC Greenlights MSTX ETF Offering 175% Leverage on MicroStrategy Stock

Th U.S. Scuritis nd Exchng Commission (SEC) hs pvd th wy for nw clss of high-risk invstmnt products with its pprovl of MSTX, th first singl-stock lvrgd long xchng-trdd fund (ETF) for MicroStrtgy (MSTR). This groundbrking xchng trding fund from Dfinc ETFs llows invstors to significntly nhnc thir xposur to Bitcoins pric fluctutions, though […]

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SEC Greenlights Crypto-Linked Leveraged MicroStrategy ETF

The SEC has allowed the listing of MSTX, a new leveraged ETF focused on MicroStrategy, which has significant…

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Stacks Price Prediction for Today, June 26 STX Technical Analysis

The Stacks price prediction could set a bullish run if the market can keep the coin above the resistance level of $1.77. Stacks Prediction Statistics [...]

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Understanding Stacks (STX): Bitcoin's Layer-2 Solution for Smart Contracts

Explore how Stacks (STX) enhances Bitcoin by enabling smart contracts and DApps, leveraging Bitcoin's security while expanding its functionalities through a unique layer-2 network. (Read More)

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Stacks (STX) Price Prediction 2023 — Will STX Hit $3 Soon?

In Stacks (STX) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about STX to analyze

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Stacks (STX) Rallies By 29% In The Past 7 Days – Here’s Why

The cryptocurrency Stacks (STX) has recently experienced a remarkable turnaround, with its price bouncing back after reaching a multi-month low of $0.4412. Investors have seized the opportunity to “buy the dip,” resulting in a continuous upward trend for STX over the past few days. As a result, STX is now trading at $0.7916, marking a significant 29% increase from its lowest level this month. Potential Catalysts For STX Two primary reasons drive the surge in Stacks’ price. Firstly, the decision by Blackrock to file for a Bitcoin exchange-traded fund (ETF) with the US Securities and Exchange Commission has sparked positive sentiment. However, uncertainties remain regarding the acceptance of the iShares Bitcoin Trust, as Coinbase is slated to serve as the custodian of the coins. Furthermore, the ongoing conflict between Coinbase and the SEC adds to the regulatory uncertainty surrounding the situation. Related Readings: Bitcoin Just Gained Over 18% In Seven Days: What’s Happened When This Has Occurred In The Past? Furthermore, the SEC’s lawsuit against major exchanges Binance and Coinbase is expected to benefit Bitcoin, as both regulatory agencies recognize Bitcoin as a commodity rather than a security. Consequently, many investors in alternative cryptocurrencies may shift their focus to the perceived safety of Bitcoin. Stacks, which is closely tied to Bitcoin’s ecosystem and enables the development of decentralized applications (dApps), stands to benefit from this changing investor sentiment. The expanding Stacks ecosystem is another significant factor contributing to the rise in STX price. Bitflow Finance, a decentralized finance (DeFi) protocol, recently introduced an sBTC/sBTC stableswap pool, enabling seamless token swaps. This development enhances the utility and adoption of Stacks, ultimately bolstering its positive price performance. What’s Next For Stacks? From a technical analysis standpoint, Stacks exhibits promising signals. The daily chart reveals the formation of a bullish falling wedge pattern, indicating a potential trend reversal. STX has also surpassed the 25-day exponential moving average and is currently testing the 50-day MA. Moreover, the breakthrough of the key resistance level at $0.5281, the lowest point in March, further reinforces the bullish sentiment. As buyers set their sights on the next resistance point at $0.90, a potential 9% increase from the current level, Stacks continues to attract attention. Related Readings: Mask Foundation Moves 2.5 Million Tokens To Exchanges, Huge Dip Incoming? The Stacks price is $0.79 at press time, reflecting a change of -2.10% over the past 24 hours. The recent price action has left Stacks’ market capitalization at $1,101,401,654.52. Notably, Stacks has demonstrated an impressive 277.22% change since the beginning of the year, indicating its strong growth potential. STX serves as the native token of the Stacks blockchain, which operates as a layer 2 blockchain network leveraging the security of the Bitcoin blockchain for transaction settlement. With its unique positioning and robust ecosystem, Stacks continues to capture the attention of investors and developers alike. Featured image from iStock.com and charts from Tradingview and Coingecko.com

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Stacks (STX) Succumbs To Market Correction, Slides By 10% In The Last Day

The crypto market is currently experiencing a general price recorrection, following a strong bullish phase that saw many assets soar to new highs. Stacks (STX), one of the notable performers in recent days, is not left out of the current ebb and flow of the market, with its value experiencing a significant decline in the last few hours. According to data from CoinMarketCap, STX is down by 10.14% in the last day, representing the biggest loss in the top 100 cryptocurrencies today. However, looking at STX’s wider price movement, the ERC-20 token’s present downturn may not present much worry to its investors.  For context, STX has jumped by 44.55% in the last seven days emerging as the second biggest weekly gainer, falling just behind meme season sensation – Pepecoin.  At the time of writing, Stacks is trading at $0.776, with a 0.96% gain in the last hour. However, additional data from CoinMarketCap shows the token’s daily trading volume is down by 26.41%, falling to a value of $235 million.  Related Reading: Bitcoin Price Hitting A Yearly High Today? What Matters Today That said, STX remains the 40th biggest cryptocurrency in the market, boasting a massive market cap value of $1 billion.  Stacks In 2023 So Far Stacks has been one of the major headliners of 2023, with the token recording a total percentage increase of 290% since the start of the year. Like most cryptocurrencies, Stacks began the year with a slow pace, recording little price gains in January, as its value rose from $0.21 on January 1 to $0.269 by January 31. In mid-February, STX eventually picked up pace surging by 241% to hit a market price of $0.988 on March 2. However, this positive ascent was soon followed by a significant downtrend, causing the token’s value to plummet as low as $0.575 just one week later. Thereafter, Stacks resumed its bullish trajectory to hit its highest market price of 2023 thus far, peaking at $1.176 on March 18. Following such price gains, the STX market showed no significant price movement before sliding into a bearish state that lasted for over two months prior to the token’s recent boost in price in the last week. STX Trading At $0.774 | STXUSD Chart On Tradingview.com  What Next For Stacks?  According to STX’s 4-hour chart, its Relative Strength Index (RSI) shows the token has just left the overbought zone indicating the current bearish trend may be more than just a price recorrection.  Related Reading: 75% Of Bitcoin Holders At Spot Rates Are Making Money: Data Furthermore, the Moving Average Convergence Divergence (MACD) has just crossed below the signal line, also indicating that STX’s price will likely remain on the downtrend for now. However, the price prediction site, Coincodex, is projecting a quick resurgence for STX, as they expect the token to gain by 20.74% in the next 5 days to hit a market price of $0.937.  Featured Image: Yahoo Finance, chart from Tradingview

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Stacks (STX) Rises 74% In Last Week, Is $1 Possible?

The past few days saw excitement among market participants as many cryptocurrencies soared to new highs amid improving sentiments. Stacks (STX) was among the tokens that stood out even when the market appeared gloomy and once again, the bulls achieved an incredible feat in the last 24 hours, pushing the price to a new 60-day high.  Stacks (STX) demonstrated a significantly bullish momentum in seven days, going from $0.5501 to $0.8743, the highest price attained in the last 60 days. With this impressive price movement, a $1 milestone seems imminent. Stacks Defends Its Price Momentum According to CoinMarketCap data, STX has recorded a remarkable price increase of 72.66% in the last seven days, positioning it as the highest gainer on the weekly chart. The token maintains the bullish momentum at the time of writing, with a 24-hour price increase of 12.23%, leaving the current value at $0.8406. Related Reading: Bitcoin Whales Show Most Active Hour In 3 Months As BTC Breaks $30,000 With this bullish price movement, Stacks’ market cap has increased significantly by 13.45% to $1.172 billion. Stacks also witnessed a massive boost in trading volume in the last seven days. The trading volume went from $32.19 million on June 18 to $450 million on June 21, a nearly 1300% increase.  The massive increase in trading volume demonstrates a surge in investor demand and buying pressure, reflecting the positive sentiment in Stacks markets. Though the volume seems to stall over the past 24 hours, the token still sustains its momentum, reaching over $351 million.  What’s Influencing Stacks’ Price Moves Stacks is a Bitcoin blockchain layer that enables developers to deploy smart contracts, NFTs, DeFi, and dApps on the Bitcoin network. Simply put, Stacks brings DeFi to Bitcoin, unlocking billions in capital and setting the pace to activate a Bitcoin economy. STX, being Stacks’ native token, has been soaring recently due to the increased demand for Ordinals NFTs on the Bitcoin blockchain. Dune analytics data shows that Ordinals’ daily inscription spending has increased from $29 million in May to $48 million in June.  This increased network activity is significantly pushing the STX token price higher. Moreover, Bitcoin’s increasing market sentiment following news of BlackRock’s spot BTC ETF application must have robbed off on STX. Another factor behind STX’s price action is the increased investor sentiment due to the regulatory approval by the US SEC. Stacks recently became the first SEC-certified token offering in the United States. The legitimacy contributed to boosting STX’s price by attracting investors’ interest. Related Reading: ‘Ripple (XRP) Is A Must-Hold For The Next Bull Run,’ Says Bitcoin Maxi The broader crypto market performance has also contributed to boosting STX price. The global crypto market cap has increased by 3.23%, with most coins adding massive gains in the last day. STX Price Outlook Notably, STX has bounced off all Moving Averages, a strong bullish indicator for more price uptick. STX’s primary support and resistance levels are $0.74054 and $0.8840, respectively. The token has already conquered the $0.8 resistance and turned it into a support level, indicating higher upticks as the bulls mount pressure to break the resistance level at $0.8840. Featured image from Pixabay and chart from TradingView.com

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Stacks (STX) Breaks $1 Barrier Ahead of Major Upgrade

Bulls regained control and helped Stacks (STX) break through a key psychological barrier ahead of major Stacks 2.1 upgrade.

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Orbeon Protocol (ORBN) Outshines Stacks (STX) and Axie Infinity (AXS) In Crypto Battle

Stacks (STX) Struggles to Gain Traction in Crowded Blockchain Market Despite Focus on Decentralization and Data Ownership.

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Stacks (STX) Price Prediction: Will It Rally To $1?

Stacks STX is gaining in the market today, as it’s up by 23.62% at $0.9382 reflecting a massive spike from yesterday’s closing price of $0.78992. [...]

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Weekly Market Watch: Bitcoin & Ethereum Stagnate While Smaller Coins Flourish

Last week presented a relatively bleak outlook for the cryptocurrency markets as Bitcoin and Ethereum experienced tight-range trading and encountered downward pressure from bears. Despite this, smaller market-cap coins gained momentum and demonstrated notable gains in their weekly charts, indicating potential opportunities for growth in this sector. Several low-cap coins on the list of weekly […]

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Stacks (STX) Price Prediction 2023 — Will STX Hit $2 Soon?

In Stacks (STX) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about STX to analyze

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Stacks Price Prediction As STX Explodes 132% In Seven Days – Is The Bull Market Here?

Bulls have been in luck recently, with Stacks price closing on $1.00. Suddenly investors are paying attention to this token, functioning as Bitcoin’s layer for [...]

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Stacks Price Surges 58% To $0.61 – Buy STX Now?

Stacks (STX) is leading the gains in the crypto market as traders wait to see what the new week has in store for them. The [...]

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Stacks (STX) Price Prediction 2023, 2024, 2025 till 2030: Should you buy STX?

Stacks (STX) is indeed an open-source blockchain platform that integrates smart contracts as well as decentralized applications (dApps) with Bitcoin (BTC). Stacks and Bitcoin can actually cooperate despite the fact that their blockchains are independent of one another. The native cryptocurrency of the network is the STX token, which is significant for being the first […]

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