Stacks (STX) is a layer 2 protocol that uses Bitcoin as the base layer. As an additional layer on Bitcoin, it adds increased functionality through smart contracts and offers the potential of Bitcoin scalability.
Stacks might appeal to many cryptocurrency diehards as it upholds the original values of Bitcoin while dealing with many of the main criticisms – that Bitcoin is slow, costly, and with limited functionality. Stacks has its own blockchain and allows for decentralized applications on Bitcoin.
This guide will outline a Stacks price prediction for 2024, 2025, and 2026. Some analysts are contending that it could hit $66, though we have a more conservative (realistic?) estimate of an ATH nearing $21 around 2026. Presently, it trades for about $1.60.
See related: Crypto 2024 is an HIDDEN bull market.
Stacks – an overview
In a nutshell, Stacks extends the Bitcoin network with a faster execution layer, offering smart contracts for Bitcoin. Older blockchains focus on security and decentralized while modern blockchains focus on scalability. This is known as the blockchain trilemma, where only two of the three attributes (security, scalability, decentralization) can be acquired.
With stacks, transactions are published to the older Bitcoin blockchain, in a proof of transfer (POX) consensus mechanism. POX chains are anchored to a proof of work (POW) chain for increased security but better functionality.
It’s different from the Bitcoin Lightning Network as it expands the functionality of Bitcoin, as opposed to making it scalable. Noteworthy projects building on Stacks include Alex, StackingDAO, Velar, Zest, Hermetic, Bitflow Finance, and Uwu protocol.
Stacks brings DeFi and NFTs to the Bitcoin blockchain. While Ethereum offers wrapped Bitcoin (wBTC) on its network, Stacks has its own token on its own network- sBTC. sBTC is what will be used to access the billion-dollar DeFi money markets.
The STX token can be staked, with rewards paid out in Bitcoin. Stacks halves every four years, just like Bitcoin, with similar tokenomics. The Bitcoin halving event is also coming up this April, which might prove bullish for the market.
Bitcoin’s blossoming ecosystem
Bitcoin has traditionally been associated with the leading indicator characteristic, representing the general direction of the crypto market.
Ethereum has been holding the top spot in functional innovation. It’s on Ethereum’s network, primarily, that new innovative trends came to life: ICOs, NFTs, Layer2, and so on.
Bitcoin’s blossoming ecosystem 🧡
— stacks.btc (@Stacks) January 23, 2024
Chart analysis – Stacks price prediction
There is certainly a bullish pattern emerging in the Stacks daily chart. We previously signaled to our premium clients that STX was a buy a $0.55 back in October 2023. Both targets of $1.23 and $1.95 were since achieved.
A zoom-out of the previous chart can reveal further details. If Stacks falls back to $1.23 and then stages a bullish reversal, it might rally in late 2024 and hit its all-time high in 2025. This ATH is likely to be far short of $66, however.
The STXBTC weekly chart (long-term view) has a very long-term strong W-reversal. This confirms the previously made points and STCBTC will go higher in 2025/2026, after STXUSD completes a pullback followed by a bullish reversal.
Stacks fundamentals vs. Stacks price forecast
One important topic for crypto investors is how fundamentals influence price.
Similarly, how does our fundamental Stacks overview impact (influence?) our Stacks price forecast?
It is very simple: strong fundamentals tend to influence price during what we call ‘bullish windows.’ It should go without saying that prices tend to rise when circumstances are bullish. The tokens with strongest fundamentals tend to move higher.
Combine this with our ‘hidden bull market’ forecast, and you have a great combination of Stacks fundamentals acting as a catalyst during bullish time windows.
That’s why we believe that our Stacks price forecast will be fulfilled, though long term. We see great Stacks. Stacks is a leader in a new mega trend: Bitcoin’s ecosystem. Our Stacks price forecast for 2024, 2025, 2026 will eventually be fulfilled.
Investing Haven’s premium service
At Investing Haven, we set ourselves apart by combining both time and price, taking wider crypto market cycles into account to find optimal entry and exit points. We recommended STX at $0.55 before a 400% price increase in 2023.
We also recommended several tokens such as FETCH, ICP, Astar, and Metis. Many of these coins hit 2x – 6x returns within 6 months. However, they no longer represent as lucrative a buying opportunity, after already seeing their increase.
The IH premium crypto service offers a breakdown of tokens. It discusses the rationale behind the recommendation, and specific entry and exit points for investors. It provides precise information for those looking for premium insights into the wider cryptocurrency arena. This can be quite confusing with a lot of irrelevant information, or data that is not put into the right context.
Summary: Stacks price prediction 2024, 2025, 2026
We are bullish on STX, though not quite to $66. We believe that $21 is a very bullish target as well as a realistic target. That’s more than 10x against its current price.
As a general timeline for STX price predictions over the coming years, the charts point to:
- Next 6 months– a retracement and bullish reversal.
- 2024 to 2025 – bullish trend continuation, breakouts on all timeframes.
- 2025 to 2026 – a bull market top, it is possible for STX to go to $21 in a blow-off-top formation.
The $21 prediction in late 2025 or early 2026 would represent a 100x increase from STX lows in 2022. A bull market top is to be expected in this time range.
Our long-term outlook on Stacks is positive, but other tokens can be found in the premium crypto services, which offer better upside.
Disclaimer: This is not financial advice. Please consult with a licensed financial advisor prior to making any investments.