Stacks

sBTC

Future

Rise

<ul class="list-ic vertical">
 <li><span>1</span> <a>At press time, the STX has traded at $2.1510, with an intraday dip of -3.13%, and indicators indicating optimism.</a></li>
 <li><span>2</span> <a>Mister Crypto also presented his chart drawing, where he highlighted that he expects more than 100% gains.</a></li>
</ul>
<p>Stacks (STX) is known as the native token of the stacks blockchain, it is an L-1 blockchain built on top of the Bitcoin blockchain. It has been designed to create dApps with smart contracts, build digital marketplaces, and tokenize assets. The STX uses a PoX consensus protocol that rewards miners for verifying transactions with a combination of STX tokens, and Bitcoin.</p>
<h2 class="wp-block-heading" id="strong-nakamoto-activation-and-sbtc-launch-soon-could-it-be-a-trigger-point-in-future-sessions-strong"><strong>Nakamoto Activation and sBTC Launch Soon, Could It Be A Trigger Point In Future sessions?</strong></h2>
<p>Furthermore, according to Sakemate tweet post on X, Stacks (STX) is the only blockchain protocol that rewards STX stakers with native BTC yield. Sakemate, also stated that Stacks token-emissions halving has been scheduled for January 2025 and the Supply cap is at 1.81 Billion. Where 80% supply is already in circulation with no VC unlocks.&nbsp;</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">Stacks is the only blockchain protocol that rewards <a href="https://twitter.com/search?q=%24STX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$STX</a> stakers with native <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> yield. <a href="https://twitter.com/Stacks?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Stacks</a> utilizes a Poof of Transfer (PoX) mechanism where validators spend BTC to validate new blocks in exchange of new STX.<br><br>Stacks token-emissions halving is scheduled for January 2025… <a href="https://t.co/O69Id9Kwt5" rel="noopener noreferrer nofollow">pic.twitter.com/O69Id9Kwt5</a></p>— Sakemate (@apebayc) <a href="https://twitter.com/apebayc/status/1800090956173287627?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 10, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>He also stated that, in a mere less than 2 months for Nakamoto activation and sBTC launch soon after which would make Stacks the main network for Bitcoin DeFi and payments.</p>
<h3 class="wp-block-heading" id="strong-decoding-future-price-aspects-of-stacks-stx-strong"><strong>Decoding Future Price Aspects of Stacks (STX)!</strong></h3>
<p>Analyst, Mister Crypto, tweeted with optimism that the upper boundary of the falling wedge has been breached for the upside. Mister Crypto also presented his chart drawing, where he highlighted that he expects more than 100% gains.</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24STX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$STX</a> Breakout Target: $3,80! <a href="https://t.co/gvYApTzm6M" rel="noopener noreferrer nofollow">pic.twitter.com/gvYApTzm6M</a></p>— Mister Crypto (@misterrcrypto) <a href="https://twitter.com/misterrcrypto/status/1800186659889353010?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 10, 2024</a>
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<p>Upon observing the Stacks (STX) past price chart, it looks evident that the price trend was upward until March 24th, which experienced a substantial increase. However, the trend was reversed after trying hard to sustain few days at higher levels by April 1st, as the price entered a correction phase, forming what seems to be an pure falling wedge pattern.</p>
<p>This wedge pattern was observed as the price plummeted from $3.80 to the $1.75 support level by mid-may, and then consolidation began for nearly one month. By June 4th, the price broke out of the sideways range. Subsequently, the <a href="https://www.thecoinrepublic.com/2024/05/28/will-stx-price-touch-all-time-high-if-btc-jumps-to-100k/" target="_blank" rel="noopener noreferrer nofollow">STX price </a>witnessed a pullback and exhibited signs of positivity on the daily chart.</p>
<h3 class="wp-block-heading" id="strong-indicators-looks-bullish-in-stacks-and-its-price-forecast-strong"><strong>Indicators Looks Bullish in Stacks, And its Price Forecast</strong></h3>
<p>At press time, STX was trading at $2.1510, with an intraday dip of -3.13%. The MACD indicator displayed a bullish cross with the MACD line at 0.0245, positioned above the zero line with a histogram at 0.0361.</p> 
<p><a href="https://in.tradingview.com/chart/STXUSD/khXUoEzh-STX-crypto-experiences-an-upward-spike/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<p>Additionally, the RSI was above the middle line at 51.13, indicating that the momentum has not yet reached the overbought zone; there is still room for potential growth for Stacks crypto.</p>
<p>If STX crypto experiences an upward spike, the upper targets would be $3.0 and $3.80. However, if STX fails to maintain a position above the $2.0 level, the price could decline back to the crucial support at $1.30.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>Analyst Mister Crypto is optimistic about Stacks (STX) crypto, suggesting that the upper boundary of the falling wedge has been breached for the upside. He expects more than 100% gains and believes that if buying potential increases, a massive breakout could occur.</p>
<p>The STX price, currently traded at $2.1510, experienced a pullback, but indicators like MACD and RSI point to potential growth. Potential upper targets are $3.0 and $3.80, while a failure to maintain a position above $2.0 could lead to a decline back to the crucial support at $1.30.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Analyst Bullish In Stacks (STX), Can It Rise For 100% Gains?

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Thecoinrepublic.com

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