Real-Time Stacks (STX) Price Overview
The live price of Stacks (STX) is currently $0.6898, with a 24-hour trading volume of $170,119. Over the past day, the price has seen a minimal change of +0.07%, while its value has increased by +5.94% over the last week. With a circulating supply of 1.53 billion STX, the market capitalization stands at $1.06 billion, ranking it #47 among cryptocurrencies. Stacks enables smart contracts and decentralized applications on Bitcoin, leveraging its security and ecosystem.
Key Metrics at a Glance
- Current Price: $0.6898
- 24h Trading Volume: $170,119
- Market Cap: $1.06B
- Circulating Supply: 1.53B STX
- All-Time High: $3.84 (down 82.04%)
- All-Time Low: $0.045 (up 1,432.39%)
Price movements are influenced by market sentiment, adoption rates, and broader cryptocurrency trends. For those looking to dive deeper into real-time data and trading tools, 👉 explore advanced market analytics.
What Is Stacks (STX)?
Stacks is a Layer-1 blockchain that brings smart contracts and decentralized applications to Bitcoin. It uses a unique consensus mechanism called Proof of Transfer (PoX), which allows it to leverage Bitcoin’s security while enabling programmable functionality. The native token, STX, is used for transaction fees, smart contract execution, and staking to earn Bitcoin rewards.
Use Cases for STX Token
- Network Incentives: Users earn rewards for participating in network maintenance and validation.
- Transaction Fees: STX is used to pay for executing smart contracts and computations.
- Staking for Bitcoin: Holders can stake STX to contribute to network security and earn Bitcoin.
- Trading and Holding: STX can be traded against other cryptocurrencies or held as a long-term investment based on its utility and ecosystem growth.
Stacks (STX) Price Performance Analysis
| Period | Price Change | Percentage Change |
|---|---|---|
| Today | -$0.0017 | -0.23% |
| 7 Days | +$0.0341 | +5.24% |
| 30 Days | -$0.0998 | -12.70% |
| 3 Months | -$0.1415 | -17.11% |
Price volatility is common in cryptocurrencies, and STX is no exception. Factors such as ecosystem developments, market sentiment, and technological upgrades play significant roles in these fluctuations.
How to Stake Stacks (STX) and Earn Bitcoin
Staking STX allows you to earn Bitcoin while supporting network security. Here’s a step-by-step guide:
- Set Up a Wallet: Use a non-custodial wallet like Hiro Wallet, available as a browser extension or desktop app.
- Fund Your Wallet: Purchase STX on a supported exchange and transfer it to your wallet.
- Start Staking: Navigate to the staking section, choose the amount to stake, and select the number of cycles (each cycle lasts 7 days).
- Provide Bitcoin Address: Enter your Bitcoin address for receiving rewards.
- Confirm and Earn: Confirm the transaction and start earning Bitcoin rewards.
Staking is an excellent way to generate passive income while contributing to the Stacks ecosystem. For more detailed strategies on staking and rewards, 👉 discover optimized staking methods.
Factors Influencing Stacks (STX) Price
Ecosystem Adoption
Increased developer activity and the deployment of new dApps on Stacks can drive demand for STX. As more projects build on the platform, network usage grows, positively impacting the token’s value.
Technological Developments
Announcements of upgrades, new features, or partnerships can boost investor confidence. Innovations that enhance scalability, security, or functionality often lead to price appreciation.
Market Sentiment
Broader cryptocurrency market trends significantly influence STX’s price. Bullish sentiment can drive prices up, while risk aversion or negative news may lead to declines.
Frequently Asked Questions
What is Stacks (STX)?
Stacks is a blockchain that enables smart contracts and decentralized applications on Bitcoin. Its native token, STX, is used for transactions, staking, and network participation.
Is Stacks a good investment?
Stacks could be a worthwhile investment if you believe in the potential of Bitcoin-based smart contracts and decentralized applications. Its unique positioning and growing ecosystem offer opportunities, but like all cryptocurrencies, it carries risks based on market conditions and adoption rates.
How can I convert STX to cash?
To convert STX to cash, sell it on a supported exchange for a stablecoin like USDT, then use a P2P service or fiat trading pair to exchange it for your local currency. Always verify the supported methods on your chosen platform.
What is the maximum supply of STX?
The maximum supply of STX is capped at 1.82 billion tokens, with approximately 1.53 billion currently in circulation.
How do I store STX securely?
You can store STX in custodial wallets provided by exchanges or non-custodial options like hardware wallets, software wallets, or paper wallets. Non-custodial wallets offer greater control over private keys.
What makes Stacks unique?
Stacks stands out by bringing smart contract functionality to Bitcoin without requiring changes to Bitcoin’s core protocol. Its Proof of Transfer consensus mechanism allows it to leverage Bitcoin’s security while enabling innovative applications.
Conclusion
Stacks (STX) offers a unique value proposition by extending Bitcoin’s capabilities with smart contracts and decentralized applications. Its price is influenced by ecosystem growth, technological developments, and overall market sentiment. Whether you’re interested in trading, staking, or long-term holding, understanding these factors can help you make informed decisions. For real-time tools and deeper insights, consider exploring dedicated platforms that offer comprehensive analytics and trading support.