Stacks

2024

Bitcoin ETF

Bitcoin

<p> Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. </p> 
<p class="is-style-lead">Stacks sees huge surge as institutions renew Bitcoin investments, while 99Bitcoins token presale gains momentum with nearly $2.5m raised.</p> 
<p>Institutions are back buying Bitcoin, and this has been a huge boon for its ecosystem tokens like Stacks, which has pumped 12% to $1.66 today. So could STX be set to continue its rally towards $2?</p> 
<p> You might also like: <a href="https://crypto.news/experts-predict-strong-performance-for-99bitcoins-presale/"> Experts predict strong performance for 99Bitcoins presale </a> </p> 
<h2 class="wp-block-heading" id="strong-stacks-posed-for-more-gains-amid-favorable-market-dynamics-strong"><strong>Stacks posed for more gains amid favorable market dynamics</strong></h2> 
<p>Everything is falling into place for Stacks to have an explosive run heading toward the end of 2024.</p> 
<p>Stacks is the largest Bitcoin layer 2 protocol. Being a layer 2 means its users can make transactions faster and cheaper than on the Bitcoin main network.</p> 
<p>However, Stacks also offers unique innovations like smart contracts capability.</p> 
<p>The project’s proximity to Bitcoin, coupled with its technological upgrades, means its price often mimics the market leader’s but with stronger upswings.</p> 
<p>Analyst Red underscored that Stacks significantly outperformed Bitcoin in 2023 and referred to it as “the BTC beta.”</p> 
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   <p lang="en" dir="ltr">What's <a href="https://twitter.com/search?q=%24STX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$STX</a> and why has it been melting faces? Boy do I have the free report for you<br><br>the short answer is: STX has been the BTC beta<br><br>the longer answer: State of Stacks Q4 2023 👇 <a href="https://t.co/WXW4CRbBEM" target="_blank" rel="">pic.twitter.com/WXW4CRbBEM</a></p>— Red 🍰 (@redvelvetzip) <a href="https://twitter.com/redvelvetzip/status/1758167004056317960?ref_src=twsrc%5Etfw" target="_blank" rel="">February 15, 2024</a>
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<p>And continuing that trend, while Bitcoin is up 89% this year, Stacks is up over 140%. On a fundamental level, Stacks will perform well should BTC continue gaining pace. </p> 
<p>And developments in the past few days suggest that’s precisely what will happen. Germany’s Bitcoin reserves are diminishing, while Bitcoin ETF inflows are rising after weeks of negative momentum.</p> 
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<p>This represents an inflection point in BTC’s supply and demand dynamics.&nbsp;Moreover, with matters like the U.S. presidential election and anticipated interest rate cuts occurring later this year, all signs point to BTC price growth, which translates to stronger gains for Stacks.&nbsp;</p> 
<p>Moving to Stacks’ technical outlook, analyst ‘World of Charts’ believes that it has reached a key support level and will now undergo a bullish reversal. </p> 
<p>He underscored that STX has been trading inside a descending channel, and this will precede a 2x rally to the upside.&nbsp;</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24Stx&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$Stx</a><br><br>Looks Attractive Here After Healthy Correction Looks Ready For Another Bullish Wave Over All Consolidating In Descending Channel ( On Lower Timeframe Breaking Falling Wedge Too Expecting 2x Bullish Wave Incase Of Successful Breakout <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Crypto</a> <a href="https://twitter.com/hashtag/Stx?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Stx</a> <a href="https://twitter.com/hashtag/Stacks?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Stacks</a> <a href="https://t.co/ae7KZZJ8hk" target="_blank" rel="">pic.twitter.com/ae7KZZJ8hk</a></p>— World Of Charts (@WorldOfCharts1) <a href="https://twitter.com/WorldOfCharts1/status/1810996265871671743?ref_src=twsrc%5Etfw" target="_blank" rel="">July 10, 2024</a>
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<p>Indeed, it is a positive outlook for Bitcoin’s leading layer 2, both from a fundamental and technical vantage point. But it’s not the only Bitcoin ecosystem token that is showing strength.</p> 
<h2 class="wp-block-heading" id="strong-99bitcoins-token-approaches-2-5m-at-presale-strong"><strong>99Bitcoins token approaches $2.5m at presale</strong></h2> 
<p>Stacks already has a $2.3 billion market cap, so while there is significant upside potential, that could be trumped by a new flavor like <a href="https://presale.99bitcoins.com/en" target="_blank" rel="">99Bitcoins token</a>.</p> 
<p>But although it might be new, this project is jam-packed with industry experience. 99Bitcoins token is a new initiative by the acclaimed 99Bitcoins media outlet, which launched in 2013 and caters to a vast audience.</p> 
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<p>The new 99BTC launch is part of its grand plan to enrich crypto education. It will begin as an ERC-20 token before shifting to Bitcoins BRC20 framework.</p> 
<p>The project is building a Learn-to-Earn layer with gamefied content and financial incentivization.&nbsp;Users will earn 99BTC for completing courses, quizzes, and modules.</p> 
<p>Martin Iyooh hailed the project as a “massive opportunity” for users to “start making money online.” Martin’s point should not be overlooked. It reflects the breakthrough nature of crypto technology and its unique revenue-share models that can reshape finance.</p> 
<p>Previously, revenue went to straight to CEOs, but decentralized crypto projects favor the everyday user.</p> 
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<p>The project’s presale is ongoing and investors can buy for $0.00113. However, they must hurry because this price will rise as the presale advances.</p> 
<p>To learn more, <a href="https://presale.99bitcoins.com/en" target="_blank" rel="">visit 99Bitcoins token presale</a>.</p> 
<p> Read more: <a href="https://crypto.news/99bitcoins-token-presale-raises-2m-signaling-strong-market-interest/"> 99Bitcoins token presale raises $2m, signaling strong market interest </a> </p> 
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Stacks nears $2 as 99Bitcoins token presale raises $2.3m

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