Stacks (STX) is a Bitcoin L2 with smart contract functionality. With a derivative token (sBTC), it allows Bitcoin to access the world of DeFi, unlocking nearly $500B and activating an entirely new Bitcoin economy. Stacks is unique in the way it is linked to Bitcoin but derived from a completely separate blockchain.
It also provides a proof of transfer consensus mechanism (POX), which is far more efficient than Bitcoin’s proof of work (POW) model. It uses its own smart contract language, known as Clarity.
It’s an exciting concept, finally unlocking a Bitcoin economy with smart contract functionality, while maintaining the (somewhat dogmatic) standards of BTC maximalists, in relation to security and decentralization.
Let’s take a look at what the future holds for STX.
See related – The Hidden Crypto Bull Run is Here
Can Stacks go to 66 USD?
In our previous article (Stacks price prediction 2024, 2025, 2026) we looked at some charts to see what STX was really worth and where it was headed, combining time and price for a more informed investment decision.
We also received some questions from premium subscribers with regard to STX hitting $66, based on charts such as this:
Source: Trading View STX/USDT Chart
While it’s not entirely implausible and has some reasoning behind it, the likelihood of Stacks going to $66 is unrealistic.
We want to share our views on why $66 is not a practical estimate.
$66 too high before next bull market top
There are some obvious reasons why Stacks at $66 is a little high.
- It’s 300x as compared to all-time lows (ATLs) in 2022/2023.
- It implies a fully dilated market cap of $120 billion. That’s like ETH being worth $10,000 with a market cap of $1T, which still doesn’t feel right.
- The chart indicates a bullish pattern with an ATH around $3.3. If it makes this ETH, $66 is still 20x above this breakout, with no signs of such an aggressive breakout in sight. A 20x requires a far longer, stronger consolidation.
While it’s a great coin, Stacks going to $66 is simply too high, and the charts don’t suggest such a move happening.
We do think it could reach $21, sometime in 2025 or 2026.
Our take on Stacks
Previously, as seen in the chart above, we recommended to our premium clients to purchase stacks at $0.55, and it subsequently went up 400%.
These kinds of precise insights are available for dedicated subscribers – otherwise, it’s easy to be taken in regarding claims about Stacks to $66 concerning other tokens, that may not have as much potential as advertised.
A small amount of knowledge can be a dangerous thing, without having a well-rounded understanding of the wider ecosystem and a time-tested investment strategy – which is what we offer in our premium crypto research services.
Disclaimer: This is not financial advice. Please consult with a licensed financial advisor prior to making any investments.
