Stacks (STX) grew over 11.2% in the last 24 hours. The leading L2 Bitcoin blockchain became the 32nd biggest token by total market cap. With Bitcoin’s anticipated rally back to over $60,000 per token, experts expect STX to rise alongside it.
Let’s take a look at Stacks prospects over the coming weeks and months.
Why Stacks Is Outpacing The Market
Stacks has had a busy week, with announcements to its 201,000-strong X (Twitter) community coming almost daily. One of the biggest has been Greyscale Investment’s announcement that they’ll be introducing Stacks to their investors. On top of this, STX made Greyscale Research’s top 20 crypto list.
Greyscale is one of the biggest crypto asset managers, managing over $60 billion. This was only compounded by the token price-correcting from a rough month where it fell over 20%.
On top of this, Stacks announced it experienced a record-high number of users in June, and the trend seems to be continuing as we go into July. On top of this, Hiro Systems, one of Stack’s partners, announced 50% reduced waiting times.
Improved functionalities alongside a growing userbase with over 1,200,000 cumulative wallets on the platform set the perfect conditions for a rally.
Finally, the Stacks team including Jakob Schillinger- its founder is set to appear in multiple events in July. All of these factors put together put a lot of trust in the token’s growth. That led to it being the highest-growing top 100 cryptocurrency over the last 24 hours.
Could Stacks Reach $2 In July?
The current price of $1.66 per token is a far cry from its all-time high of $3.86 which the token hit back in April. While surpassing its ATH in July isn’t very likely, some major factors could lead to STX going above $2.00 per token again.
Coming in at number 9 on the top 20 list by Greyscale research, it’s clear that major players think STX is currently undervalued after its major dip in price over the last month.
Being an L2 Bitcoin chain, Stacks’ price is more correlated to the success of BTC than the rest of the market. Bitcoin predictions vary wildly, however, experts like Fidelity and Bernstein expect it to go well above $100,000 per token in 2025. If Bitcoin goes back to $60,000 or above in July, it’s quite likely we’ll see STX go above $2 per token again.
Even without a Bitcoin pump, if Stacks can keep its momentum going when it comes to promising projects like ALEX and ARKADIKO, its user base will continue to grow, leading to a price hike.
Experts like Robert Hook remain bullish on the coin as its fundamentals are rock-solid, and it’s still undervalued by the market. However, he cautions that a bearish market could stunt STX’s potential before it hits the $2 mark.
World of Charts expects STX to 2x if it can successfully break out. Their technical analysis shows STX is still a clever trade even after its pump today.
While STX might be an excellent long-term investment, another Bitcoin play token called 99Bitcoins has also been garnering attention in recent weeks.
99Bitcoins Token Explodes onto Market with Innovative Learn-To-Earn Model, Raises $2.3M
99Bitcoins token ($99BTC) is a brand new Bitcoin-inspired coin made by the team at 99Bitcoins, a leading crypto news and educational platform. The innovative project has already raised over $2.3 million in its presale, trading at $0.00113 per token.
99BTC employs a unique Learn-to-Earn(L2E) model where its holders are rewarded with tokens for learning about the crypto world on the site. The tokens can later be used to access exclusive content, and discounts for partnered products and services.
With over 79 hours of educational content on the site split between courses and interactive learning modules, 99BTC is off to a great start with its L2E model.
The 99Bitcoins site has been educating millions of people for over a decade, and with over 700,000 subscribers on YouTube the coin is bound to get a lot of attention when it releases on DEXs in Q3 2024.
Maintaining 99Bitcoin’s quality standards, the token passed a SolidProof audit with flying colors, ensuring a safe presale for investors.
Given who it’s coming from, it’s no surprise experts are extremely bullish on 99BTC.
New 10x Potential Crypto Presale 99Bitcoins – Flip $1k into $10k?!
Most experts, such as Jacob Bury predict its current presale price to be the lowest it’ll trade for, with massive 10x to 100x potential.
The 99Bitcoins token presale price is set to increase in 4 days, leaving limited time to get in at the lowest possible entry point.
