Stacks (STX) Price Prediction 2024-2030: Will STX Price Hit $10 Soon?

• Before the end of 2024, the price of STX could be worth $4.50.
• While the price might increase in 2025, it could drop in 2026 and 2029.
• By 2030, the bullish price prediction for STX could be a rise to $32.

If you had told people some years back that smart contracts would work on Bitcoin, many would have argued. However, today, projects are being launched on the network, and smart contracts written.

Leading this narrative is Stacks, a project conceived by Muneeb Ali. While the project had some trying times, it seemed to have found a balance. Its native token STX has also been hitting impressive levels. 

Going forward, investors think the project has a good future ahead of it. Here is a thorough analysis of STX and its price prediction from 2024 to 2030.

Stacks (STX) Real Time Market Status

What is Stacks?

Stacks is one of the few projects built on the Bitcoin (BTC) network and secured by the Proof-of-Work (PoW) consensus.  But apart from the PoW, Stacks has its mechanism called the Proof-of-Transfer that ensures the security of users and enables the seamless transfer of BTC on the network.

As a layer-2 project, Stacks allows the development of smart contracts and decentralized applications on Bitcoin while enhancing seamless transaction settlement. For those unfamiliar, all the transactions on Stacks are automatically hashed on Bitcoin and settled on the layer-1 network.

However, the project is working on improving interaction on the network by introducing sBTC. According to the team, sBTC would be backed by BTC at a 1:1 ratio. However, the token would allow developers to write smart contracts on Stacks without disrupting the Bitcoin ecosystem.

STX Current Market Status

As of this writing, STX price was $2.22, representing a 14.25% increase in the last 24 hours. The trading volume of the token also increased by 138% and hit $248.29 million. Furthermore, the market cap of Stack was $3.25 billion, making it the 34th most valuable cryptocurrency. 

STX’s maximum supply is 1.81 billion tokens which is the same as the total supply. However, the number of tokens in circulation is 1.46  billion, indicating that the project might release more tokens in the coming months.

If you plan to buy STX, you can buy the token on Binance, Coinbase, OKX, Upbit, MEXC, Kraken, Gate.io, and some other exchanges.

Stacks (STX) Price Analysis

STX has had its breakout since 2023, with the token outperforming many of the top altcoins. However, it seems that the token is not done surging nor has it reached the peak of this cycle. Here is a detailed overview of STX price predictions from 2024 to 2030.

Stacks (STX) Price Analysis – Bollinger Bands

According to the 4-hour chartr STX uptrend has been marred by a surge in volatility. At press time, the Bollinger Bands (BB) had expanded while following the price at it hit a monthly high. The bands expansion suggested that STX price could fluctuate to higher or lower levels.

However, it seemed that the token has hit a local top as the upper band hit STX at $2.25. In a highly bullish case, STX could pump to the $2.40 resistance. But if profit-taking increases, the price could drop to the $1.96 support.

Stacks (STX) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index on the 4-hour chart showed that STX had hit an overbought level. As such, the price could be on the verge of retracement. However, this does not totally imply that STX price would plummet from this highs.

But the uptrend could cool off if buying momentum slows down. However, if the pressure from the buy side increases, then the price might be looking at hitting $2.50.

Stacks (STX) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index on the 4-hour chart showed that STX had hit an overbought level. As such, the price could be on the verge of retracement. However, this does not totally imply that STX price would plummet from this highs.

But the uptrend could cool off if buying momentum slows down. However, if the pressure from the buy side increases, then the price might be looking at hitting $2.50.

Stacks (STX) Price Analysis – Moving Average Convergence Divergence

At press time, the Moving Average Convergence Divergence (MACD) was positive, indicating that momentum around the token has been bullish. Furthermore, the shorter EMA was above the longer one, suggesting that buyers were in control of the price action

As it stands, STX price could be looking at rising higher if bears do not intercept bullish dominance.

Stacks (STX) Price Prediction 2024

For 2024, the long-term Exponential Moving Averages (EMA) indicated a bullish trend for the token. At the time of writing, the 50 EMA (blue) was higher than the 200 EMA (yellow), reinforcing the bullish bias.

Furthermore, the price of the token was higher than both EMAs indicating the the value  could continue to surge. If that is the case, the price of STX could rise as high as $4.50 in 2024.

Stacks (STX) Price Prediction – Resistance and Support Levels 

In terms of resistance and support, Coin Edition observed that there was a support at $1.92 whic has been crucial to the uptrend. However, a resistance appeared at $2.09 which pegged STX back at one point before the price went back up.

As the price moves up, STX could face another round of resistance at $2.34. If the bulls break this region, the price could rally to $3. However, invalidation could occur if the price gets rejected. 

Stacks (STX) Price Prediction 2025

The price of STX might follow Bitcoin’s momentum in 2025. For many analysts, the price of BTC could exceed $100,000 during the year. Since STX has a strong correlation with BTC, it could also jump higher. From our analysis, the price of the token could be worth $10.35 in 2025.

Stacks (STX) Price Prediction 2026

STX might slow down its bullish momentum in 2026. Going by the predicted appearance of the bear market, the price of the token might drop to $7.40.

Stacks (STX) Price Prediction 2027

STX might attempt to revisit the all-time high in 2027. However, this attempt might fail as it might not have enough liquidity to hit $10. But the price could be higher, and it could be valued at $8.99.

Stacks (STX) Price Prediction 2028

One thing that could help STX in 2028 is the advancement of the Nakamoto upgrade. This upgrade which is vital to the full functioning of the L2 could spur the price higher. By 2028, the value of STX could be worth $20.

Stacks (STX) Price Prediction 2029

Even though Stacks might have become a part of the top 20 projects in terms of market cap, the price of the token might fail to improve in 2029. This is because holders of the token might take out a lot of profits, and this could leave STX at $13.76 in 2029.

Stacks (STX) Price Prediction 2030

In 2030, STX might have one of its biggest breakout. By that time, the value of the cryptocurrency could be higher. By our projections, STX could be worth $32 in 2030.

Stacks (STX) Price Prediction 2040

Many developments are expected to happen on the Stack layer in 2040. As such, the project might experience a surge in traction. This could also help the price as it could reach $42.08 in 2040.

Stacks (STX) Price Prediction 2050

In 2050, the price of STX might continue to increase as crypto adoption globally could be incredible. From the look of things, STX pierce could surpass $50 in 2050

Conclusion

Finally, it is important to note that Stacks does not serve the same function as Bitcoin even though it was built on the latter. However, there seems to be a strong correlation between BTC and STX. As such a higher value for BTC might mean the same for STX, and vice versa. But if you plan to buy the token, please do more research beyond this article.

FAQs