In this post, we will talk about Stacks coin price prediction to answer the question: Is STX a good investment in the short and long term?
If you are interested in knowing more about Stacks and the STX coin performance in the future, continue reading this article. Here we will learn together more about what Stacks (STX) is and how successful it has been on the crypto market so far. Additionally, we will bring you the most recent market analyses and opinions concerning Stacks coin price prediction. Reviewing the Stacks (STX) fundamentals, unique features, price history, and price predictions will help us better decide if it has to be added to the investment portfolio or not. Then, join me, and let’s explore the future outlook of this new digital asset.
What Is Stacks (STX)?
Stacks is a layer-1 blockchain (meaning that it is independent of other blockchains) solution designed to bring Smart Contracts and decentralized applications (DApps) to Bitcoin (BTC). Its main goal is to make Bitcoin mainstream and give it more utility. In short, Stacks enables DApps and Smart Contracts on Bitcoin. These Smart Contracts are brought to Bitcoin without modifying any of the features that make it so powerful. Since Stacks uses Bitcoin as a base layer, everything that happens on the network takes place on the most popular and arguably the most secure blockchain out there – i.e., Bitcoin.
In essence, Stacks takes the best aspects of Bitcoin, solves some of the biggest challenges that Bitcoin faces, and extends it with additional functionality without needing to alter or fork the original Blockchain. It connects directly with the Bitcoin blockchain through its proof-of-transfer (PoX) consensus mechanism. Furthermore, unlike Bitcoin, Stacks has Smart Contracts features that enable developers to build decentralized apps like DeFi and NFTs. It is a unique feature since most NFTs in existence today are built using Ethereum‘s blockchain.
The Stacks platform was formerly known as Blockstack. However, it was rebranded to Stacks in 2020 to avoid being confused with Blockstack PBC, the team behind the project. Moreover, Stacks uses a new Smart Contract programming language known as Clarity. This language is designed to be both secure and easy to build, thanks to its unambiguous syntax. This Smart contract-centric programming language is also used by the Algorand (ALGO) blockchain.
STX (the native coin) powers and secures the Stacks platform. Also, STX is using for executing Smart Contracts, processing transactions, and registering new digital assets on the Stacks 2.0 blockchain. The mainnet launched in January 2021. Note that Stacks has a limited supply, with a max supply of 1.8 billion STX. Therefore, as its supply becomes scarcer and demand increases, STX price is likely to increase. Moreover, like Bitcoin, Stacks undergo the process of halving every four years. The halving is also one of the compelling reasons why the price of STX can go up in the long run.
STX holders can stack their coins to earn Bitcoin as a reward. Also, it has to be noted that STX was the first cryptocurrency to receive SEC (Securities and Exchange Commission) qualification for sale in the United States. Besides mining, STX can be purchased through several prominent exchange platforms, including Binance, KuCoin, OKEx, FTX, Upbit, and Tokocrypto. For storing STX, you can use the Stacks wallet, explicitly designated for STX coins. You can also use cold wallets -such as Ledger or Trezor- for storing STX.
Stacks Founders: Who Are They?
Stacks was founded by Muneeb Ali and Ryan Shea (a software engineer). After graduating from Princeton University, Muneeb Ali co-founded Stacks in 2013 and still works with the platform today as the CEO of Hiro Systems PBC. The project gained support from capital funds several years later, including the Winklevoss twins, Digital Currency Group, and Combinator. Since then, the platform has enjoyed more development. Some of the team members behind this project include well-known researchers from Princeton, MIT, and Stanford.
Muneeb Ali and Ryan Shea-cofounders of Stacks
Stacks (STX) Price History
Source: TradingBeasts-Stacks (STX) Price History at a Glance
One of the methods to predict the future price of a cryptocurrency like STX is to review its prior price history.
STX was listed on CoinMarketCap with the price of $0.21 on October 29, 2019. After a couple of days, the price slightly declined to $0.19 before increasing to $0.23. After that, the price started dropping, reaching as low as $0.08 by December 2019. The price went up to $0.12 temporarily but decreased again to around $0.09.
Stacks (STX) Price Performance in 2019
Stacks (STX) in 2020
In February of 2020, the price of STX experienced another increase, rising to $0.20. However, by March, the price fell to $0.05, reaching its lowest ever. The price started slowly increasing again, getting a new high of $0.31 in June of 2020. By October, the price dropped again to around $0.15. Nevertheless, STX later began the most prolonged and most significant bullish run of its history, tracing the path of its associated cryptocurrency, Bitcoin.
Stacks Price Performance in 2020
Stacks (STX) Performance in 2021
On January 1, 2021, the price of STX was $0.43. Since 2021, the STX price has seen many bullish moves, higher than the previous ones. The price reached $1 for the first time in February. STX price increased to $2.72 on April 14, 2021, its highest price level this year. This remarkable growth marked a 532% increase from the beginning of January 2021. It has to be noted that this recent price growth is primarily due to renewed interest in Bitcoin NFTs built using its technology.
Stacks Coin Price Movement in 2021
STX had such spectacular performance (more than a 97% increase) that it turned into one of the best performing cryptocurrencies in October 2021.
Stacks Price Prediction in 2021 and Onwards
Remember that you should take these and any other predictions with a grain of salt since predicting anything are highly challenging, mainly predicting the future of a highly volatile financial asset like Stacks.
WalletInvestor Stacks Coin Price Prediction
According to the WalletInvestor forecast system, STX is an excellent long-term (one-year) investment. Then, if you are looking for virtual currencies with good returns, STX can be a profitable investment option after Bitcoin cloud mining. Stacks price equal to $2.12 on October 17, 2021. Based on their forecasts, a long-term increase is expected. Thus, the Stacks coin price prediction for 2026-10-10 is $5.585. As such, with a five-year investment, the revenue is likely to be around +162.58%. As such, your current $100 investment may be up to $262.58 in 2026.
Source: WalletInvestor (Short-term Stacks Coin Price Prediction)
Long-term Stacks Coin Price Prediction
The graphs above show that The Stacks price can increase from $2.127 to $2.789 in one year. Thus, the long-term earning potential is +31.13% in one year. The Stacks (STX) future price will be $5.585 in 2026. Since this virtual currency has a positive outlook, they recommend it as part of your investment portfolio.
CoinQuora Stacks Coin Price Prediction
Their long-term STX price prediction is bullish. According to the website, the coin has a high possibility of reaching new heights. However, that will only happen if it breaks previous psychological resistances. It is very much possible that STX might come to $3 in 2021 as per the current bullish trend.
If this bullish trend continues, STX will reach $3.5 by the end of 2022. With upcoming partnerships and developments, getting $3.5 is quite feasible shortly. According to their stacks coin price prediction, the coin will be worth $5.5 in 2023. STX investors can expect many partnerships and integrations in 2024. It can boost the price of STX in the crypto market, shooting its price up to around $8. In the next four years, i.e., in 2025, STX prices can get to $9.5. This Stacks coin price prediction indicates that STX will soon reach a new ATH in the next five years.
Pick a Crypto Stacks Coin Price Prediction
They think the STX price could reach somewhere around the $4 to $10 mark in 2021. From 2022 to 2025, they predict that the price of STX will visit the $20 – $100 area as its team continues to develop the project. Accordingly, they believe that Stacks (STX) is a good investment in the short and long term.
TradingBeasts Stacks Coin Price Prediction
The Stacks price may reach $2.60347 by the beginning of November 2021. The expected maximum price is $3.25433, and the minimum cost is $2.21295. The Stacks coin price prediction for the end of the month is $2.60347.
The Stacks price is forecasted to reach $2.61378 by the beginning of December 2021. The expected maximum price is $3.26722, and the minimum cost is $2.22171. The Stacks coin price prediction for the end of the month is $2.61378.
The Stacks Coin Price Prediction for 2021
According to the forecasting platform, the Stacks price is going to increase this year. Currently, the Stacks price is $2.12000, but by the end of 2021, the average Stacks price will hit $2.62317. In October 2022, the Stacks coin price prediction is to be on average $1.87673. The expected maximum price is $2.34591, and the minimum value is $1.59522. According to their forecasts, the Stacks price will experience a decrease in 2022.
DigitalCoinPrice Stacks Coin Price Prediction
Stacks Coin Price Prediction in 2021 to 2028
As shown in the graph above, the platform predicts that STX will be $3.13 in 2021. Moreover, STX price will reach ($3.7) in 2022, ($4.56) in 2023, ($5.34) in 2024, ($6.17) in 2025, ($7.71) in 2026, ($8.28) in 2027, and eventually ($9.9) in 2028. Then, according to the data derived from the platform, the lowest price of STX in the future will be up to $9.04, and its highest price will be up to $10.56. Therefore, STX prices will increase according to their predicted data. In short, STX is a profitable investment based on forecasting. According to their technical analysis data, the coin reflects a positive future.
Gov. Capital Stacks Coin Price Prediction
Their data indicates that the digital asset price has been on an uptrend since the last year. They believe that STX is a good portfolio addition for the future. Therefore, according to their prediction system, the asset’s future price is predicted at $2.0551604879159 (meaning a 4.695% growth) after a year. This Stacks coin price prediction means that if you invest $100 now in STX, your current investment may be worth $104.695 on October 17, 2022. This prediction also shows that this asset is well suited as a new addition to your investment portfolio, as trading in bullish markets is always a lot easier.
Short-term Stacks Coin Price Prediction for 2021
Long-term Stacks Coin Price Prediction
With the ongoing developments happening within the STX ecosystem and in the overall crypto market, STX is a good investment and has a bright future ahead. Stacks has innovative technology and a great team behind it. As Stacks improves its network and more investors get more aware of the Stacks functionality in the Bitcoin blockchain, its future becomes more promising. It is worth noting that the mutual interdependence of Stacks and Bitcoin further strengthens the potential of Stacks as a powerful asset of the future. Moreover, Stacks (STX) price predictions verify its growth. Aside from these, judging by the price history, Stacks has proven to be a good investment, keeping its investors happy till now.
Yet, Stacks has a long road ahead to emerge as a leading player, considering that Ethereum still dominates the NFT industry. However, investing in STX can be a wise choice. Not only buying STX but also mining STX can be very profitable. Thus it can be an excellent addition to your investment portfolio. However, since the crypto market is highly volatile, you should always invest an amount of money you can afford to lose.