Sunday, December 4, 2022
 

Stacks (STX) Price Prediction: Will STX Price Hit $1 in 2022?

  • Bearish Stacks (STX) price prediction ranges from $0.352 to $0.7.
  • Analysis suggests that the STX price might reach above $1 soon.
  • STX bearish market price prediction for 2022 is $0.227.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies, Stacks (STX) is one of them.

Stacks is an open-source blockchain network that brings smart contracts and decentralized applications (dApps) to Bitcoin. Even though Stacks and Bitcoin use separate blockchains, they can effectively function together. The STX token is the network’s native cryptocurrency and is noteworthy for being the first SEC-approved token issue (SEC). It is utilized for transaction fees and deploying smart contracts on Stacks. It can also be “stacked” and receive Bitcoin rewards.

If you are interested in the future of STX and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What is Stacks (STX)?

Stacks is a layer-1 blockchain that allows smart contracts to be executed. Stacks is related to the Bitcoin ecosystem, as opposed to well-known smart-contract blockchains like Ethereum, Cardano, Solana, or Avalanche, because it attempts to improve Bitcoin’s capabilities by building on top of it.

Stacks is a layer-1 blockchain solution for bringing smart contracts and decentralized applications (DApps) to Bitcoin (BTC). These DApps are open and modular, meaning that developers can build on top of other’s apps to create capabilities that are impossible for regular apps. Since Stacks employs Bitcoin as its foundation layer, all network activity is settled on the most popular and perhaps most secure blockchain. The Stacks token (STX) is used to fuel smart contract execution, process transactions, and register new digital assets on the Stacks 2.0 blockchain.

Stacks aims to utilize what makes Bitcoin so strong and add extra functionality to it without altering the original Bitcoin network. It accomplishes this by directly linking to the Bitcoin blockchain using its proof-of-transfer (PoX) consensus mechanism, which requires miners to pay BTC to mint new Stacks (STX) tokens. In addition, STX token holders can stack (not stake) their tokens to collect Bitcoin rewards.

Stacks has its smart contract language called Clarity, and clarity has an advantage over others because users can create transaction conditions rather than being bound to preprogrammed requirements. The Algorand (ALGO) blockchain also uses this smart contract-centric programming language.

Stacks (STX) Current Market Status

According to CoinMarketCap, Stacks (STX) is hovering at $0.3603 at the time of writing, with a total of 1,332,244,382 STX in circulation. STX has a 24-hour trading volume of $8,467,601.68, with a 47.48% increase. And during 24 hours, the price of STX decreased by 0.60%. 

The most popular exchanges to trade Stacks (STX) are Binance, OKX, CoinW, Bybit, and AAX. Let’s continue with our STX price research for 2022.

Stacks (STX) Price Analysis 2022

STX ranks 76th on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will STX’s most recent improvements, additions, and modifications help its price rise? First, let’s focus on the charts in this article’s STX price forecast.

Stacks (STX) Price Analysis – Keltner Channel

STX/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of Stacks (STX) can be predicted using the Keltner Channel indications for STX/USDT. The price is in the second half of the channel, meaning that people are selling STX rather than buying. Even after establishing a new trend, we should wait for a downturn or a better entry point to improve the reward-to-risk ratio.

Stacks (STX) Price Analysis – Relative Strength Index

STX/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. It examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The value of the 1-Day chart is 36.07. RSI below 50 indicates STX is facing a downtrend, and people are dumping STX.

Stacks (STX) Price Analysis – Moving Average

STX/USDT 1-Day Chart Showing 200-MA and 50-MA (Source: TradingView)

Above is a daily chart of Stacks (STX) 200-day and 50-day Moving Averages (MAs). Looking at the chart above, STX is now running sideways for a long. The STX 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish.

However, the distance between the two moving averages is wide. Since the candlesticks are below 200-day MA, we can observe that the selling pressure is still going on and cannot reverse the current trend.

Stacks (STX) Price Prediction 2022

STX/USDT 1-Day Chart  (Source: TradingView)

Looking at the daily chart of STX/USDT, the STX price was swinging from $0.358 to $0.564 after going to its lowest of the month at $0.352. Bouncing back from the support level, STX is now going sideways, and we can expect the market to break out from the sideway soon.

Meanwhile, our long-term STX price prediction for 2022 is bullish if it cannot break the support level. We can expect STX to reach $0.8 this year. 

Stacks (STX) Price – Resistance and Support Levels

STX/USDT 1-Day Chart (Source: TradingView)

The chart above shows that the price of STX has decreased in the past few months.

Moreover, the price of STX has been down by 0.04% in the past 24 hours. Suppose this price decrease is only a retrace during the bull run. In that case, STX might be breaking its $0.595 resistance 1 level and eventually moving higher to $0.8.

If STX cannot break the $9.114 resistance 1 level, the bears may seize control and dethrone STX to a downtrend stance. In simple terms, the price of STX might fall to almost $0.227, indicating a negative signal from the previous support level.

Stacks (STX) Price Prediction 2023

If Stacks (STX) ends at $0.07 or more in 2022, this will signal to investors that the effect of the recent crypto winter is over. This is because the price is above the current 200-day high price of STX, which stands at $0.767 at the time of writing. We expect the STX price to rise to $0.916 by 2023.

Stacks (STX) Price Prediction 2024

The cryptocurrency market is known to repeat history, and most cryptocurrencies follow the Bitcoin trend. With 2024 as the year of the Bitcoin halving, there will be many sentiments toward the market, which is always bullish. We can expect the price of Stacks (STX) to react positively to the news and trade at around $1.289 by the end of 2024.

Stacks (STX) Price Prediction 2025

The effect of any Bitcoin correction is experienced in the following year from recent history. If STX ends in 2024 for $1.29 or more, we can expect the price of STX to grow in 2025. This could make STX trade at $1.59 or more in 2025, considering investors will be bullish.

Stacks (STX) Price Prediction 2026

With the rise in cryptocurrency adoption in the mainstream, we can expect a possible market reversal in 2026 to have little impact on the recent gains in the price of STX. Hence, Stacks could end in 2026 at around $1.892 or more. 

Stacks (STX) Price Prediction 2027

The most bearish market is followed by market consolidation in the next year. If the year 2026 turns out to be bearish for STX, we could expect the market to stabilize in 2027 and even trade higher. Hence, it is possible to see STX trade at around $2.321 in 2027.

Stacks (STX) Price Prediction 2028

Stacks will likely trade above its 2025 price prediction of $2.867 in 2028 due to the Bitcoin halving. With the powerful sentiment of investors to buy more cryptocurrencies, a buy pressure could be seen in the market, which will make STX trade at around $2.8 in 2028. 

Stacks (STX) Price Prediction 2029

The most impact of a bullish sentiment resulting from Bitcoin halving is mainly experienced in the coming year. We can expect the price of STX to break more psychological resistance and trade around $3.464 by the end of 2029. Also, STX is highly likely to break its all-time high value. 

Stacks (STX) Price Prediction 2030

The impact of cryptocurrency adoption could stabilize the market by 2030, sustaining the bullish gains of the previous years. Hence, we can expect the price of STX to trade above $5.411 by the end of 2030. Also, STX is highly likely to break its all-time high value. 

Conclusion

As said above, it may reach over $1 if investors have decided that STX is a good investment along with mainstream cryptocurrencies.

FAQ

What is Stack?

Stacks is a layer-1 blockchain solution for bringing smart contracts and decentralized applications (DApps) to Bitcoin (BTC). These DApps are open and modular, meaning that developers can build on top of other’s apps to create capabilities that are impossible for regular apps. Since Stacks employs Bitcoin as its foundation layer, all network activity is settled on the most popular and perhaps most secure blockchain. The Stacks token (STX) is used to fuel smart contract execution, process transactions, and register new digital assets on the Stacks 2.0 blockchain.

How to buy STX tokens?

STX can be traded on many exchanges like other digital assets in the crypto world. Binance, OKX, CoinW, ByBit and AAX re currently the most popular cryptocurrency exchanges for trading STX.  

Will STX surpass its current ATH?

Since STX provides investors with several opportunities to profit from their crypto holdings, it seems to be a good investment in 2022. Notably, STX has a high possibility of surpassing its current ATH in 2029

Can STX reach $1 soon?

STX is one of the few active crypto assets that continue to rise in value. As long as this bullish trend continues, STX might break through $0.7 and reach as high as $1. Of course, if the current market favoring crypto continues, it will likely happen.

Is STX a good investment in 2022?

STX is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. We may also conclude that STX is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.

What Is the lowest price of STX?

The lowest STX price is $0.04501, attained on March 13, 2020, according to CoinMarketCap.

Which year was STX launched?

STX was launched in 2013.

Who are the co-founders of STX?

STX was co-founded by Y Combinator, Digital Currency Group and Winklevoss Capital.

What is the maximum supply of STX?

The maximum supply of STX is 1,818,000,000 STX.

How do I store STX?

STX can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the STX price in 2023?

STX price is expected to reach $0.916 by 2023.

What will be the STX price in 2024?

STX price is expected to reach $1.289 by 2024.

What will be the STX price in 2025?

STX price is expected to reach $1.590 by 2025.

What will be the STX price in 2026?

STX price is expected to reach $1.892 by 2026.

What will be the STX price in 2027?

STX price is expected to reach $2.321 by 2027.

What will be the STX price in 2028?

STX price is expected to reach $2.867 by 2028.

What will be the STX price in 2029?

STX price is expected to reach $3.464 by 2029.

What will be the STX price in 2030?

STX price is expected to reach $5.411 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

  • Bearish Stacks (STX) price prediction ranges from $0.352 to $0.7.
  • Analysis suggests that the STX price might reach above $1 soon.
  • STX bearish market price prediction for 2022 is $0.227.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies, Stacks (STX) is one of them.

Stacks is an open-source blockchain network that brings smart contracts and decentralized applications (dApps) to Bitcoin. Even though Stacks and Bitcoin use separate blockchains, they can effectively function together. The STX token is the network’s native cryptocurrency and is noteworthy for being the first SEC-approved token issue (SEC). It is utilized for transaction fees and deploying smart contracts on Stacks. It can also be “stacked” and receive Bitcoin rewards.

If you are interested in the future of STX and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What is Stacks (STX)?

Stacks is a layer-1 blockchain that allows smart contracts to be executed. Stacks is related to the Bitcoin ecosystem, as opposed to well-known smart-contract blockchains like Ethereum, Cardano, Solana, or Avalanche, because it attempts to improve Bitcoin’s capabilities by building on top of it.

Stacks is a layer-1 blockchain solution for bringing smart contracts and decentralized applications (DApps) to Bitcoin (BTC). These DApps are open and modular, meaning that developers can build on top of other’s apps to create capabilities that are impossible for regular apps. Since Stacks employs Bitcoin as its foundation layer, all network activity is settled on the most popular and perhaps most secure blockchain. The Stacks token (STX) is used to fuel smart contract execution, process transactions, and register new digital assets on the Stacks 2.0 blockchain.

Stacks aims to utilize what makes Bitcoin so strong and add extra functionality to it without altering the original Bitcoin network. It accomplishes this by directly linking to the Bitcoin blockchain using its proof-of-transfer (PoX) consensus mechanism, which requires miners to pay BTC to mint new Stacks (STX) tokens. In addition, STX token holders can stack (not stake) their tokens to collect Bitcoin rewards.

Stacks has its smart contract language called Clarity, and clarity has an advantage over others because users can create transaction conditions rather than being bound to preprogrammed requirements. The Algorand (ALGO) blockchain also uses this smart contract-centric programming language.

Stacks (STX) Current Market Status

According to CoinMarketCap, Stacks (STX) is hovering at $0.3603 at the time of writing, with a total of 1,332,244,382 STX in circulation. STX has a 24-hour trading volume of $8,467,601.68, with a 47.48% increase. And during 24 hours, the price of STX decreased by 0.60%. 

The most popular exchanges to trade Stacks (STX) are Binance, OKX, CoinW, Bybit, and AAX. Let’s continue with our STX price research for 2022.

Stacks (STX) Price Analysis 2022

STX ranks 76th on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will STX’s most recent improvements, additions, and modifications help its price rise? First, let’s focus on the charts in this article’s STX price forecast.

Stacks (STX) Price Analysis – Keltner Channel

STX/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of Stacks (STX) can be predicted using the Keltner Channel indications for STX/USDT. The price is in the second half of the channel, meaning that people are selling STX rather than buying. Even after establishing a new trend, we should wait for a downturn or a better entry point to improve the reward-to-risk ratio.

Stacks (STX) Price Analysis – Relative Strength Index

STX/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. It examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The value of the 1-Day chart is 36.07. RSI below 50 indicates STX is facing a downtrend, and people are dumping STX.

Stacks (STX) Price Analysis – Moving Average

STX/USDT 1-Day Chart Showing 200-MA and 50-MA (Source: TradingView)

Above is a daily chart of Stacks (STX) 200-day and 50-day Moving Averages (MAs). Looking at the chart above, STX is now running sideways for a long. The STX 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish.

However, the distance between the two moving averages is wide. Since the candlesticks are below 200-day MA, we can observe that the selling pressure is still going on and cannot reverse the current trend.

Stacks (STX) Price Prediction 2022

STX/USDT 1-Day Chart  (Source: TradingView)

Looking at the daily chart of STX/USDT, the STX price was swinging from $0.358 to $0.564 after going to its lowest of the month at $0.352. Bouncing back from the support level, STX is now going sideways, and we can expect the market to break out from the sideway soon.

Meanwhile, our long-term STX price prediction for 2022 is bullish if it cannot break the support level. We can expect STX to reach $0.8 this year. 

Stacks (STX) Price – Resistance and Support Levels

STX/USDT 1-Day Chart (Source: TradingView)

The chart above shows that the price of STX has decreased in the past few months.

Moreover, the price of STX has been down by 0.04% in the past 24 hours. Suppose this price decrease is only a retrace during the bull run. In that case, STX might be breaking its $0.595 resistance 1 level and eventually moving higher to $0.8.

If STX cannot break the $9.114 resistance 1 level, the bears may seize control and dethrone STX to a downtrend stance. In simple terms, the price of STX might fall to almost $0.227, indicating a negative signal from the previous support level.

Stacks (STX) Price Prediction 2023

If Stacks (STX) ends at $0.07 or more in 2022, this will signal to investors that the effect of the recent crypto winter is over. This is because the price is above the current 200-day high price of STX, which stands at $0.767 at the time of writing. We expect the STX price to rise to $0.916 by 2023.

Stacks (STX) Price Prediction 2024

The cryptocurrency market is known to repeat history, and most cryptocurrencies follow the Bitcoin trend. With 2024 as the year of the Bitcoin halving, there will be many sentiments toward the market, which is always bullish. We can expect the price of Stacks (STX) to react positively to the news and trade at around $1.289 by the end of 2024.

Stacks (STX) Price Prediction 2025

The effect of any Bitcoin correction is experienced in the following year from recent history. If STX ends in 2024 for $1.29 or more, we can expect the price of STX to grow in 2025. This could make STX trade at $1.59 or more in 2025, considering investors will be bullish.

Stacks (STX) Price Prediction 2026

With the rise in cryptocurrency adoption in the mainstream, we can expect a possible market reversal in 2026 to have little impact on the recent gains in the price of STX. Hence, Stacks could end in 2026 at around $1.892 or more. 

Stacks (STX) Price Prediction 2027

The most bearish market is followed by market consolidation in the next year. If the year 2026 turns out to be bearish for STX, we could expect the market to stabilize in 2027 and even trade higher. Hence, it is possible to see STX trade at around $2.321 in 2027.

Stacks (STX) Price Prediction 2028

Stacks will likely trade above its 2025 price prediction of $2.867 in 2028 due to the Bitcoin halving. With the powerful sentiment of investors to buy more cryptocurrencies, a buy pressure could be seen in the market, which will make STX trade at around $2.8 in 2028. 

Stacks (STX) Price Prediction 2029

The most impact of a bullish sentiment resulting from Bitcoin halving is mainly experienced in the coming year. We can expect the price of STX to break more psychological resistance and trade around $3.464 by the end of 2029. Also, STX is highly likely to break its all-time high value. 

Stacks (STX) Price Prediction 2030

The impact of cryptocurrency adoption could stabilize the market by 2030, sustaining the bullish gains of the previous years. Hence, we can expect the price of STX to trade above $5.411 by the end of 2030. Also, STX is highly likely to break its all-time high value. 

Conclusion

As said above, it may reach over $1 if investors have decided that STX is a good investment along with mainstream cryptocurrencies.

FAQ

What is Stack?

Stacks is a layer-1 blockchain solution for bringing smart contracts and decentralized applications (DApps) to Bitcoin (BTC). These DApps are open and modular, meaning that developers can build on top of other’s apps to create capabilities that are impossible for regular apps. Since Stacks employs Bitcoin as its foundation layer, all network activity is settled on the most popular and perhaps most secure blockchain. The Stacks token (STX) is used to fuel smart contract execution, process transactions, and register new digital assets on the Stacks 2.0 blockchain.

How to buy STX tokens?

STX can be traded on many exchanges like other digital assets in the crypto world. Binance, OKX, CoinW, ByBit and AAX re currently the most popular cryptocurrency exchanges for trading STX.  

Will STX surpass its current ATH?

Since STX provides investors with several opportunities to profit from their crypto holdings, it seems to be a good investment in 2022. Notably, STX has a high possibility of surpassing its current ATH in 2029

Can STX reach $1 soon?

STX is one of the few active crypto assets that continue to rise in value. As long as this bullish trend continues, STX might break through $0.7 and reach as high as $1. Of course, if the current market favoring crypto continues, it will likely happen.

Is STX a good investment in 2022?

STX is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. We may also conclude that STX is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.

What Is the lowest price of STX?

The lowest STX price is $0.04501, attained on March 13, 2020, according to CoinMarketCap.

Which year was STX launched?

STX was launched in 2013.

Who are the co-founders of STX?

STX was co-founded by Y Combinator, Digital Currency Group and Winklevoss Capital.

What is the maximum supply of STX?

The maximum supply of STX is 1,818,000,000 STX.

How do I store STX?

STX can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the STX price in 2023?

STX price is expected to reach $0.916 by 2023.

What will be the STX price in 2024?

STX price is expected to reach $1.289 by 2024.

What will be the STX price in 2025?

STX price is expected to reach $1.590 by 2025.

What will be the STX price in 2026?

STX price is expected to reach $1.892 by 2026.

What will be the STX price in 2027?

STX price is expected to reach $2.321 by 2027.

What will be the STX price in 2028?

STX price is expected to reach $2.867 by 2028.

What will be the STX price in 2029?

STX price is expected to reach $3.464 by 2029.

What will be the STX price in 2030?

STX price is expected to reach $5.411 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

 

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