This article was last updated on August 8, 2022
Crypto enthusiasts are always looking to explore projects with great utility. Stacks is one of these networks hoping to transform the future for Bitcoin. It plans on doing so by bringing smart contracts and dApps to the giant, but more about that in a second. Because it is one of the few networks treading this route, many wonder how Stacks is going to perform and what the price predictions are.
Although we will be getting into technical details, we always keep the information digestible and easy to comprehend.
However, if you are new to the crypto world, you might have difficulties understanding Stacks. For this reason, we suggest checking out our dedicated article “Crypto For Beginners“.
Below you will find more information about what Stacks is, how it helps Bitcoin, its history, ATH, our thoughts, and of course, our Stacks price prediction/forecast.
Over the past week, the price of Stacks (STX) remained around $0.512. The circulation supply is 1.33 billion tokens. The market cap went up to $680 million.
Table of contents
What Is Stacks & What It Does For Bitcoin
Before we get into our STX price forecast, we must have a better understanding of the network.
Stacks is a layer-1 blockchain that lets you bring dApps to & execute smart contracts on the Bitcoin blockchain. These smart contracts can be used with Bitcoin without affecting its usefulness or functionality. This includes both its security and stability.
The network’s main purpose is to unleash the full potential of Bitcoin. In addition to the smart contracts, Stacks is also bringing dApps to Bitcoin. These DApps are open and modular which means that developers can combine them to create features that might not be possible in a regular app.
Smart contracts get to interact with Bitcoin through the Clarity language, developed by Stacks. Clarity is a decidable smart contract language that was created with the Stacks blockchain in mind. This way developers can encode important business logic onto a blockchain. This makes for more trustworthy and predictable relationships between businesses.
Proof-of-Transfer (PoX) is the consensus mechanism that connects Stacks and the Bitcoin ecosystem. We won’t get into too much detail, but we will give a quick summary of how it works. PoX uses the proof-of-work cryptocurrency of an established blockchain to secure a new blockchain. Furthermore, Stacks miners transfer the committed cryptocurrency to other participants in the network, thus getting rewarded.
Stacks has its own cryptocurrency – STX – which is used to power the ecosystem. More specifically, it’s a cryptocurrency that forces smart contracts, transactions, and the creation of new digital assets on the blockchain.
If you are a crypto enthusiast, you’ve probably wondered how long it will be before Bitcoin ceases to be. Well, with projects such as Stacks around, we might have to wait for quite some time.
History Of Stacks
Blockstack PBC is the company behind the development of Stacks. Blockstack PBC was founded by Muneeb Ali and Ryan Shea. The firm was initially backed by Y Combinator, Digital Currency Group, and Winklevoss Capital among other prominent venture capital firms, which is what brought attention to it.
After a successful rebranding, Blockstack PBC has been renamed Hiro Systems PBC, and it now operates under the auspices of a global network of companies that are utilizing Stacks’ platform.
Let’s talk about both founders – Muneeb Ali and Ryan Shea.
Muneeb Ali, who received his master’s and a doctorate in computer science from Princeton University after co-founding Stacks in 2013, is still, to this day, the CEO of Hiro Systems PBC today.
Ryan Shea, the second founder of Stacks, served as co-CEO from 2013 to 2018 before leaving Stacks to pursue other projects — including co-founding a new tech firm that is now operating in stealth. Prior to his work at Stacks, Shea was a well-known software engineer.
However, both founders had no idea what was going to come next for Stacks. Let’s see what the price of Stacks was before we move on to its competition and our predictions.
Price History & ATH
When doing a price prediction, one must be well aware of the current price of a token. Not only that but also be aware of the price history of a cryptocurrency. That’s very important because it shows you the current state of an asset, which then allows you to make a technical analysis/price analysis.
At launch, in 2019, the price of STX was $0.21. However, there wasn’t much of a movement until 2021. The token was somewhat stagnant. By the end of 2020, the price was around $0.3, reaching $0.4 on the final day of the year.
As we all know, 2021, was when all cryptocurrencies saw a lot of adoption. This greatly benefited STX as well pushing it to a bullish trend. Stacks’ price went up to $2.7 in April, which was a 10x growth compared to the year before. Of course, the crypto market crash followed, which affected its price.
Yet, that only lasted a couple of months. STX price reached an all-time high of $2.91 on the 1st of December. The following month the movement was stagnant.
In 2022, the crypto market’s and Stacks crash followed. Stacks decreased to $1.05, which it hasn’t been since June of 2021.
Currently, the price of Stacks is around $1.06, with a market capitalization of $1.37 million.
With that being said, let’s dive straight into our Stacks forecast and explain our predictions. Read until the end, where we will leave our realistic, objective opinion.
Stacks Price Prediction: 2022-2030
Our Stacks price forecast approach will be a conservative one, while still remaining realistic. When doing a price prediction, we must take into consideration the many different aspects that can affect a token like Stacks/STX and the whole market.
For example, the military conflicts in eastern Europe are the main reason for the crypto market crash. It’s not only Stacks holders that are wondering whether or not it is time to cash out, due to worries of escalation. Because of that, it is going to be the main factor we will be considering.
Following that, we will bring you our own opinion and realistic expectations, and even a table including the minimum price, average price, and maximum price of Stacks.
Without further ado, let’s get right into our Stacks price predictions.
For 2022 specifically, there are two things that can affect the STX price more than anything. These would be the resolution of the conflicts in Europe or their escalation.
If things settle down, we can expect the price of Stacks to go up to $2 or more. Keep in mind that this is a somewhat conservative future price of STX.
On the other hand, if the conflicts further escalate, we can see an additional drop in the market. This will affect the price of Stacks and it could go for around $0.8.
Things are similar with 2023, although the biggest factor here will be how adopted cryptocurrencies will be. Not only by people but also by jurisdictions and institutions.
We believe that the token will start regaining its past prime and go up to around $2.5 or even $3.
On the other hand, we could also see a market stagnation, which will lead to STX being evaluated at around $2.
Assuming the market calms down a little, we will see only a slight change in the lower and upper ranges. That would be around a 20% gain or 10% drop in price.
The maximum price will be somewhere between $2.7 and $3.1, while the minimum should be around $1.5.
The further we get away from the current time, the more speculative we will be getting. By 2025, we’d hope to see even more adoption of cryptocurrencies. This will be great for literally every token out there that has utility.
Those without utility will surely disappear, as we can see by viewing historical data.
We can expect Stacks price to reach anywhere from $3.5 up to $4 if we are being more optimistic. However, many believe it will have broken the $10 by then. Yet, we need to make sure to keep the price conservative.
2026 will just further prove whether or not the cryptocurrency market will see greater adoption. We certainly believe it will. Because of that, we can expect the price of Stacks to be strongly supported at around $4 while reaching the highest price of $4.7.
The greater the adoption of cryptocurrencies gets, the higher the prices will go. That’s because the overall cryptocurrency market cap will proceed to increase.
At that point, we can expect to see Stacks at around $5, with a potential to reach $6.
2028 won’t be too different than 2027. These years are overall great for long-term investors. Hopefully, financial institutions will also want to work hand-in-hand with the crypto space.
Here, we should already have strong resistance levels at around $6, while the price can even go as high as $7.
We won’t be surprised if there is some sort of stagnation at the end of the decade. For this reason, we will speculate that the STX price will stay at around the $7 mark.
This would be a great accumulative opportunity because many will start to sell Stacks due to a lack of volatility. The following year, we can expect a price rise.
For 2030, we will still remain realistic and conservative, however, we will go for a different approach. Because it will be the start of a new decade, the most important thing will be whether or not cryptocurrencies get needlessly regulated or not.
If that happens, the price of most tokens will certainly drop. This will definitely include the current price of Stacks at that time.
So how much will Stacks be evaluated at?
Well, we believe that there will be a maximum value/maximum price level for the average trading price of around $8 (although many truly believe it will break the $10 mark).
However, it could also drop big time. At this point, our STX price prediction will be around $1, which is the price as of right now.
Our Opinion On Stacks Price Prediction
Given the Stacks price today, we can make lots of speculations. However, when doing a price prediction or looking at one, you must stay completely aware that most of the time it is completely off.
Although we kept a strong conservative approach with our average forecast price, you should still take this prognosis with a grain of salt.
Stacks is certainly a great project with huge potential, which makes us believe that it will survive throughout the years.
That’s because many who have no understanding of the crypto market are buying Bitcoin. With time, they will definitely be more interested in the space. That’s also when they start learning how to optimize their Bitcoin tokens, which is where Stacks comes into play.
Overall, although we believe Stacks will certainly be bullish and we believe in our speculations, we can never be certain.
Stacks Price Prediction Table
|Stacks Price Forecast||Minimum Price||Average Price||Maximum Price|
Is Stacks A Good Investment
At this point, you might be wondering – is Stacks a profitable investment? Although this is not investment advice, we are willing to share our opinion. However, make sure to do your own research as well.
When looking at the crypto market, you will find a lot of projects who are looking to find solutions to problems that do not exist. Others will create problems in order to present a solution.
And then there are truly wonderful projects in the crypto and blockchain industry, which are going to be the future of the crypto space. Such a project is Stacks. This alone is a good reason to believe it will believe in succeeding. We believe it to be a great investment, especially in the long run.
How To Buy Stacks – In-depth Guide
If you want to buy Stacks but you are not sure how that happens exactly, this section is for you. We will be covering the whole process of purchasing Stacks below.
Once you follow these simple steps, you will be a proud owner of STX.
- Find a CEX that has STX listed.
First of all, you will need to find an exchange that offers STX. This is quite easy because STX is a popular cryptocurrency. The major crypto exchange (CEX) platforms that offer STX are Binance, KuCoin, Coinbase, Gate.io, and others.
- Create an account with the CEX.
Once you choose a CEX, you will need to create an account. Simply enter your email and other personal information, and you will be able to log in. However, in order to make a deposit, you will need to verify your identity. This can happen by providing the required documents such as a photo of your ID, utility bills, proof of address, and others.
- Fund your account.
When your identity is confirmed by the dedicated team, you will be able to make a deposit. Every platform has its own minimum deposit requirement and fees, so keep that in mind. Adding funds is quite easy, just click on the “deposit” option which should be visible at all times, or by going to the “Wallet” section of a CEX.
- Buy STX.
Finally, you will need to buy STX. This can happen in one of two ways. You can either enter the amount of STX you wish to buy or enter the amount of fiat you wish to exchange for STX and it will calculate it for you. Confirm the transaction and you will be an owner of STX tokens.
- (Optional) Transfer STX to an external crypto wallet.
Investors prefer purchasing assets through a CEX, followed by transferring them to an external crypto wallet. This is because they provide more privacy and control. Such wallets can be MetaMask, Trezor, Ledger Nano X, Exodus, Mycelium, and others.
When looking at the crypto market, a couple of types of projects stand out. Those are the big players – Bitcoin & Ethereum; the memecoins – Dogecoin, Shiba Inu Coin; and projects with purpose – Polkadot, Solana, Monero, and many others. Thankfully, we can easily include Stacks in the final category.
Nowadays, as we already mentioned, most projects have no future and potential. Even some within the top 100 by market cap will be gone in a couple of months. That’s why finding a niche and purpose when developing a project is so important for its longevity.
This is exactly the reason Stacks is going to keep growing – it has no direct competition and has an objective. After all, it works in a direction to make Bitcoin a more useful blockchain, which it currently lacks as a feature.
All of this is why we believe Stacks is a valuable asset to have. Not only that, but its price evaluation will continue to grow, once everything settles down.
We also strongly believe that our price predictions for Stacks are somewhat accurate. That’s due to the conservative and realistic approach we kept throughout the way. Although we are open to the idea that these are the lowest levels it will reach, we believe keeping it simple is more important.
At the end of the day, however, these are only speculations, so keep that in mind.
We can’t wait to see what awaits in the future for Stacks, which is exactly why we will be keeping you updated.