STX rallies 42% as social activity and OI soars
Stacks (STX) has emerged as the top gainer among the top 100 assets. Data shows an impressive rise in the asset's social activity and open interest (OI).
Keep up with what's happening in the crypto world in real-time.
Stacks (STX) has emerged as the top gainer among the top 100 assets. Data shows an impressive rise in the asset's social activity and open interest (OI).
As our previous STX price analysis predicted, the Stacks market price reclaims the $1 mark with a strong breakout rally. Ranking highest amongst the daily gainers, the 40th biggest crypto per market cap shows a remarkable jump within 24 hours.
The crypto prices today continue the bullish trend observed in the market throughout December, as investors are putting their bets on the riskier assets. The recent positive momentum in the broader crypto market has helped the major cryptos like Bitcoin, and Ethereum, among others, to reach their record highs in more than a year.
A widely followed crypto strategist believes big rallies are imminent for a trio of altcoins including Cosmos (ATOM) and Gala (GALA). Pseudonymous analyst Kaleo tells his 608,200 followers on the social media platform X that he believes a strong breakout rally is in sight for the native asset of the interoperable blockchain Cosmos.
A rising crypto tide continued to lift many boats on the first trading day of the week.
The cryptocurrency industry has gained over 1.5% within the past day, indicating a bullish influence in the market. Further, the market concluded the previous month on a positive note as major tokens recorded a new yearly high during this time.
The crypto world shifts from left to right overnight and for today, the best crypto to buy now emerges to be Beam (BEAM), Terra Luna Classic (LUNC), and Stackes (STX). The global crypto market is all bullish and increased by 1.4% in 24 hours with Bitcoin dominating the market.
Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices falling below the key $38,000 level on Thursday. Ethereum (CRYPTO: ETH) also recorded losses, but remained above the key $2,000 mark this morning.
Ending the downtrend with a consolidation range breakout, the STX price enters a high-speed recovery phase to exceed multiple resistances. The bullish reversal helps the Stacks market price exceed the 200D EMA and the $0.70 mark.
Stacks uptrend flipped the altcoin bullish on the higher timeframes. Can buyers sustain the gains?
Bitcoin has embarked on a robust surge, propelling its value to $30,000, igniting a promising resurgence in SOL, LINK, AAVE, and STX.
Bitcoin's strong rally to $30,000 may have kick started a sharp recovery in SOL, LINK, AAVE and STX.
Stacks Price Prediction: As the crypto market shows signs of recovery, the Stacks (STX) coin has been a standout performer, rallying significantly on the daily chart. From its October 13th low of $0.48, the coin's price has surged by 35%, currently trading at $0.64.
The price of Stacks (STX) experienced a sustained rebound, driven by a prevailing sentiment of positivity within the cryptocurrency sector. STX had a significant increase, reaching a peak of $0.680, which represents the highest value observed since July 14th.
The Stacks (STX) price breakout from a descending resistance trendline, and the $0.53 resistance led to a high of $0.68.
The crypto market is still in an uncertain position. So, most investors are wondering when we'll see better stability or if it's time to sell their tokens to avoid incurring major losses.
Thanks to a false news report that was quickly retracted, cryptos soared higher but sustainability now becomes the central concern.
By now, Bitcoin has grown to the point where crypto investors do not expect very large returns from it and are now looking toward altcoins that could provide the kind of returns they seek. However, with thousands of altcoins circulating in the crypto market, it can become quite hard to pick the coins that could end up doing well.
The cryptocurrency markets faced significant turmoil over the last two days, primarily due to the FTX sell-off. Cryptocurrencies witnessed a sharp decline, with the total market capitalization dropping by over 40% at one point yesterday. As of now, there's been a slight market rebound. However, amid this widespread downturn, certain tokens have bucked the trend.
Stacks (STX) is currently positioning itself as a decentralized finance platform built on Bitcoin. The platform's co-founder, Munib Ali, recently discussed his insights about the platform and Bitcoin-based DeFi with BeInCrypto.
In the dynamic world of cryptocurrencies, the recent market activity surrounding STX has been nothing short of captivating. The cryptocurrency has experienced a notable surge in volatility, a trend that has been further accentuated through the lens of the widely recognized Bollinger Bands indicator.
In an astonishing turn of events, Stacks (STX), a prominent and dynamic player in the cryptocurrency market, has taken center stage by storm with a remarkable surge of 16.5% within a mere 24-hour timeframe. In a financial landscape increasingly captivated by the allure of cryptocurrencies, STX's remarkable movement to a noteworthy value of $0.526349 has undeniably positioned it as the standout performer among major digital currencies on this particular day.
Bitcoin price jumped by more than 5% on Tuesday after Grayscale won a major lawsuit against the Securities and Exchange Commission (SEC). The coin rose by more than 5%, triggering a major rebound in the altcoins market.
The excitement began when STX witnessed a remarkable surge of over 66% in value over just two weeks, starting from a previously stagnant position. This rapid ascent sent shockwaves through the cryptocurrency market and captured the attention of traders and investors alike.