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In our “How many X to be a millionaire” series, we are focusing on a project with the chance to see huge upside once the Bitcoin ETF is approved. It has other bullish cases too.
The glam in the crypto market in Q2 2023 is slowly but surely turning to gloom as digital assets give back the accrued gains. As expected, investors bought the rumor of the spot Bitcoin ETFs approval from October to December but then sold the news.
Shiba Inu, an Ethereum-based meme coin, is currently in the spotlight as the altcoin has been witnessing massive accumulation in the past few days, which has raised speculations among community members about whether a sell-off is imminent.
This initiative centered around Inscriptions on Stacks, brings forth a new era of possibilities. Particularly in the realms of image inscriptions and scalability for Bitcoin Ordinals.
Ryder will integrate FAST Pool and participate as a Signer in the upcoming Stacks' Nakamoto upgrade
Ryder, a hardware cryptocurrency wallet, has announced plans to operate the FAST Pool Stacking provider and be a Signer for the upcoming upgrade known as Stacks Nakamoto. As a signer, Ryder will aid Stacks in becoming a complete Bitcoin layer-two.
After recording a positive jump of over 15% over the past day, the Stacks coin price has recorded a correction of over 13% within the last 24 hours, making it one of the top losers of the day in the crypto industry. The Stacks price traded in a closed range between $0.9749 and $1.
In a stunning divergence from the recent altcoin carnage, Stacks (STX) has emerged as a beacon of green. The token has not only weathered the storm but thrived, soaring for seven consecutive weeks and etching its highest price point since March 2023.
On the one-day chart, the market structure of STX is firmly bullish, signaling a move to $2.5.
Bitcoin (BTC) reached a new multi-year high at $47,281 on January 8, 2024. Following its leadership, some cryptocurrencies have traded at higher prices and are threatening a retracement.
This week witnessed a 5% uptick in bitcoin's value, while ethereum experienced a 1.6% dip over the same period. Leading the charge among the top 100 cryptocurrencies, stacks (STX) soared 29.2%, with osmosis (OSMOS) closely trailing with a 17% increase against the U.S. dollar.
Bloomberg analyst Eric Balchunas has recently adjusted his prediction, stating that the likelihood of the SEC rejecting a Bitcoin ETF is now a mere 5%. James Seyffart, another Bloomberg reporter, suggests that only unforeseen interventions from Gary Gensler or the Biden administration could lead to a denial.
Stacks (STX) recorded an impressive run over the past day while the broader crypto market witnessed a notable decline. STX is up by 13.8% in the past 24 hours and is trading at $1.78 at the time of writing.
STX is among the few altcoins with substantial gains over the past 24 hours.
The Stacks (STX) price is moving above an important resistance area and is creating its eigtth successive weekly bullish candlestick.
As the overall market enters the second week of 2024 on a slightly bearish note, the altcoins are divided on the sentiments stand. With giants like Bitcoin falling almost 1% and Ethereum down by 2.25%, STX price stands out with a 1.41% intraday jump.
The SEC's decision on the spot Bitcoin ETF applications could impact altcoins like ICP, ARB, STX and MKR.
Popular crypto analyst Altcoin Sherpa names two altcoins he believes will soon soar to values last reached in 2022. The pseudonymous analyst tells his 204,300 followers on the social media platform X that Stacks (STX) could soon soar beyond its recent high of $1.73, a level it hasn't traded above in nearly two years.
Following the remarkable recovery jump at the start of 2024, the STX price hits a barrier above the $1.50 mark. Taking a sideways road due to the rejection at $1.74, the Stacks price trend clings to the psychological mark of $1.50, and buyers struggle to avoid a crash.
Crypto prices have been on the up and up in the last quarter of 2023, accentuated by strong technical and fundamental structures. While Bitcoin and Ethereum can be the obvious choice among investors, some top altcoins like Solana (SOL), Algorand (ALGO) and Stacks (STX) Overall, this has been one of the most bullish years since the
STACKS, the native token of Stacks Network, rose 27% on Dec. 20, fueled by positive comments from renowned investor Tim Draper
In contrast to the majority of cryptocurrencies, which began the week on a downward trajectory, Stacks (STX) deviated from the prevailing trend and registered gains. Stacks Network's native token, STX, had a strong 600% increase in 2023.
STX's social activity has risen to its highest level since April. However, there is a possibility of a price dip.
While January 2024 is fast approaching, the cryptocurrency sector is increasingly looking at closing the year on a bullish note, altcoins included, led by the example of the flagship decentralized finance (DeFi) asset, which has returned above the important psychological level at $44,000.
