Stacks (STX) Price Prediction 2024-2030: Will STX Price Hit $5 Soon?

• Bullish STX price prediction ranges from $2.4 to $5.
• Analysis suggests that the STX price might reach above $3.
• The STX bearish market price prediction for 2024 is $1.

What is Stacks (STX)?

Stacks is a Bitcoin layer for smart contracts; it enables smart contracts and decentralized applications to trustlessly use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. DApps are open and modular, which means 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.

Stacks leverages BTC functionality 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. 

The initial version of Stacks, launched in early 2021, introduced the Bitcoin settlement of transactions, the “Clarity” language for safe contracts that can respond to Bitcoin transactions and atomic swaps of assets with BTC.

However, the next major proposed upgrade of Stacks, the Nakamoto release (expected 2023), adds important capabilities that will enhance the power of Stacks as a Bitcoin layer: (a) a decentralized, two-way Bitcoin peg to move BTC in/out of the layer and write to Bitcoin, (b) transactions secured by Bitcoin finality, and (c) fast transactions between Bitcoin blocks.

” According to the Stacks white paper, it has the following innovations that make it unique:

• S – Secured by the entire hash power of Bitcoin (Bitcoin finality).
• T – Trust-minimized Bitcoin peg mechanism; write to Bitcoin.
• A – Atomic BTC swaps and assets owned by BTC addresses.
• C – Clarity language for safe, decidable smart contracts.
• K – Knowledge of full Bitcoin state; read from Bitcoin.
• S – Scalable, fast transactions that settle on Bitcoin. “

Stacks (STX) Market Overview

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Stacks (STX) Current Market Status

Stacks has a circulating supply of 1,431,116,693 STX, while its maximum supply is 1,818,000,000 STX coins, according to CoinMarketCap. At the time of writing, STX is trading at  $1.98 representing 24 hours increase of  20.44%. The trading volume of STX in the past 24 hours is $835,645,584 which represents a 111.40% increase.

Some top cryptocurrency exchanges for trading STX are Binance, OKX, Bitrue, LBank, and Bybit.

Now that you know STX and its current market status, we shall discuss the price analysis of  STX for 2024.

Stacks (STX) Price Analysis 2024

Currently, Stacks (STX) ranks 31 on CoinMarketCap. Will STX’s most recent improvements, additions, and modifications help its price go up? First, let’s focus on the charts in this article’s STX price forecast.

Stacks (STX) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility. 

When Bollinger bands are used in a cryptocurrency chart, we could expect the price of the cryptocurrency to reside within the upper and lower bounds of the Bollinger bands 95% of the time. The above thesis is derived from an Empirical law. 

The sections highlighted by red rectangles in the chart above show how the bands expand and contract. When the bands widen, we could expect more volatility, and when the bands contract, it denotes less volatility. The green rectangles show how STX retraced after touching the lower band (oversold).

The above chart shows that STX is on an uptrend as the Bollinger band trend indicator has turned green. When closely observing STX behavior, it could be noted that STX was fluctuating in the upper half of the Bollinger bands since the beginning of December 2023. It was supported by the SMA on occasion it lost value. 

Currently, STX has gone above the upper Bollinger band and this means that Stacks is overbought and the market could correct the price. There could be a pullback in STX prices in the near future.  However, the Bollinger bandwidth percentile reads a value of 86% and the line seems to be heading upwards. This shows that there could be more volatility. In that case, the bands may widen as the demand for STX keeps increasing. 

Stacks (STX) Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price. 

Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA, it is considered bullish; if it’s below the SMA, it is bearish.

The red rectangles in the above chart show two examples of the RSI above and below the Signal line. Currently, the RSI reads a value of 70, and it is almost on the verge of crossing below the overbought. If the sellers dominate the market, the price of STX could lose value, and the RSI could fall well below the overbought region. 

However, if STX manages to keep the gradient of its uptrend with small retracements, then, STX’s pattern of just touching the overbought line and falling may continue.

Nonetheless, we could spot a bearish divergence as the RSI is making lower highs while the STX token is making higher highs. This shows that the uptrend could come to an end. This reduction in the RSI could be due to the stagnant market where the traders were dormant during the last month. However, as the market is overwhelmed by the trader’s positive sentiment, due to BTC halving there is a high chance that STX could beat the odds and start surging again.

Stacks (STX) Price Analysis – Moving Average

The Exponential Moving averages are quite similar to the simple moving averages (SMA). However, the SMA equally distributes down all values whereas the Exponential Moving Average gives more weightage to the current prices. Since SMA undermines the weightage of the present price, the EMA is used in price movements. 

The 200-day MA is considered to be the long-term moving average while the 50-day MA is considered the short-term moving average in trading. Based on how these two lines behave, the strength of the cryptocurrency or the trend can be determined on average. 

In particular, when the short-term moving average (50-day MA) approaches the long-term moving average (200-day MA) from below and crosses it, we call it a Golden Cross.

Contrastingly, when the short-term moving average crosses the long-term moving average from above then, a death cross occurs. 

Usually, when a Golden Cross occurs, the prices of the cryptocurrency will shoot up drastically, but when there’s a Death Cross, the prices will crash. 

Whenever the price of cryptocurrency is above the 50-day or 200-day MA, or above both we may say that the token is bullish (Red rectangle). Contrastingly, if the token is below the 50-day 200-day, or below both, then we could call it bearish (Blue triangle section).

The 50-day EMA line has risen exponentially showing that STX is currently performing well. It used the 50-day EMA as a great support level on every occasion it lost value. If by any chance STX loses momentum, then, it may find refuge at the 50-day EMA. However, if the bears are too strong and break through the 50-day EMA, then, STX would be relying on the 200-day EMA for a smooth landing. 

Stacks (STX) Price Prediction 2024-2030 Overview

Year	Minimum Price	Average Price	Maximum Price
2024	$2.5	$3	$6
2025	$8	$12	$15
2026	$6	$8	$9
2027	$9	$10	$12.5
2028	$13	$14	$15
2029	$18	$20	$22.5
2030	$15	$18	$21.5
2040	$25	$30	$33
2050	$41	$45	$48

Stacks (STX) Price Prediction 2024

STX seems to be emitting the same trading pattern as it was during the last BTC halving year (2020). We could see that there was a sudden spike at the beginning of the year in 2020 and 2024 and no different. Hence, if the above-stated thesis of STX replicates its 2020 behavior, then, we may see it lose value and fall toward Support Level 1 in the $1 or $1.2 range. Moreover, the current overbought market conditions could be the first sign of this. Additionally, the RSI indicator which showed a bearish divergence in the above sections also points out this. 

During this period when STX loses value, we could expect it to ricochet off of the Support Level 1. Nonetheless, a heavy-handed seller or maybe even whales could dismantle this level. If Support Level 1 is breached, STX could fall to Support Level 2 in the $0.4-$0.6 range. However, the fall to the latter support level seems a bit unlikely in a bullish outlook. 

However, once STX reaches either of the support levels, there will be a trend change and STX could start a new uptrend. It won’t be too long before STX reaches Support Level 1 (most likely) before it starts to rise. 

Traders may consider having their long position entry points set at Support Level 1 while their take profit could be around the Resistance Level at $2.9. Those looking to short may consider entering the market sooner rather than later to avoid shrinking their margins. They may use Support Level 1 as their take profit. 

Stacks (STX) Price Prediction – Resistance and Support Levels 

When considering the chart above, we could see that STX was heavily dependent on the 2:1 Gan line and 3:1 Gann line for support. Moreover, although STX tested and broke above the 1:1 Gann line in May 2021, it wasn’t able to stay there for a long time, as such, it crashed and received support from the 3:1 Gann line, which propelled to the 2:1 Gann line. However, STX is currently falling between the 4:1 and 3:1 Gann lines. Since it has been making lower lows after testing the 4:1 Gann line, we may see it reaching for support at the 3:1 Gann line.

The above chart shows that STX’s movement in 2023 was jagged and most of the activity happened between the 0.618 and 0.786 fib retracment levels. Currently, STX has gone well past the previous year’s highest of 0.382 fib retracement level. STX’s uptrend in December 2023 was supported by the 3:1 Gann line as the traded diagonally. After being supported by the 3:1 Gann line, STX is testing the 2:1 Gann fan line. 

If the bulls keep dominating the market, then, there is a high chance that the token could reach the 1:1 Gann fan line, which is considered bullish.

Stacks (STX) Price Prediction 2025

STX may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, STX will continue to rise in 2025 forming new resistance levels. It is expected that STX will trade beyond the $12 level.

Stacks (STX) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, STX could tumble into its support regions. During this period of price correction, STX could lose momentum and be way below its 2025 price. As such it could be trading at $8 by 2026.

Stacks (STX) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, that excitement has not been reciprocated in STX. As such, we could expect STX to trade just below its 2026 value at around $10 by the end of 2027.

Stacks (STX) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, STX may reciprocate its past behavior during the BTC halving. Hence, STX would be trading at $14 after experiencing a considerable surge by the end of 2028.

Stacks (STX) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, STX could be trading at $20 by the end of 2029.

Stacks (STX) Price Prediction 2030

After witnessing a bullish run in the market, STX and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, STX could be trading at $18.

Stacks (STX) Price Prediction 2040

The long-term forecast for STX indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then STX could fall in value. It is expected that the average price of STX could reach $30 by 2040.

Stacks (STX) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, STX could hit $45.

Conclusion

If investors continue showing their interest in STX and add these tokens to their portfolio, it could continue to rise. STX’s bullish price prediction shows that it could reach the $3 level. 

FAQ

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.

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