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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 […]
The SEC has allowed the listing of MSTX, a new leveraged ETF focused on MicroStrategy, which has significant…
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 [...]
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)
In Stacks (STX) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about STX to analyze
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
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
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
Bulls regained control and helped Stacks (STX) break through a key psychological barrier ahead of major Stacks 2.1 upgrade.
Stacks (STX) Struggles to Gain Traction in Crowded Blockchain Market Despite Focus on Decentralization and Data Ownership.
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. [...]
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 […]
In Stacks (STX) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about STX to analyze
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 [...]
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 [...]
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 […]
In Stacks (STX) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about STX to analyze
In Stacks (STX) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about STX to analyze
Bullish STX price prediction is $0.423 to $1.006. Stacks (STX) price might also reach $1 soon. Bearish STX price prediction
The massive move upside appeared as a $165 million fund is launched by OKcoin to build apps on the Bitcoin blockchain using Stacks.
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