In this guide, we’ll give our and the market’s take on the future of STX as we discuss Stacks’ pricing predictions for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Stacks.
Now, let’s get into it. Before we delve into Stacks’ pricing prediction and answer questions about whether STX is a good investment or not, why STX will succeed or fail, or why the price of Stacks will rise or fall, let’s quickly take a look at what STX is and its history to date.
What is Stacks (STX)
Stacks is a cryptocurrency project that seeks to unlock the full potential of the Bitcoin blockchain by bringing smart contracts and decentralized applications to Bitcoin. Originally known as Blockstack but renamed Stacks in 2020, the project was designed as a Tier 1 solution that uses Bitcoin as the base layer. The platform is powered by the Stacks token (STX), which powers smart contract execution, transaction processing, and registration of new digital assets.
Stacks 2.0
Stacks 2.0 is an innovation updated by the Stack team to bring secure apps and smart contracts to Bitcoin.
The launch of the Stacks 2.0 mainnet allows developers to use the Stacks protocol to build a user-owned Internet on Bitcoin. The platform allows users to earn Bitcoins.
STX Tokens
The STX token is the proprietary token of the Stacks Blockchain. Tasks performed on the network are based on STX tokens.
STX tokens basically favor the execution of smart contracts on the Stacks network. The token works as a tool to publish new smart contracts on the blockchain. It is also used for transaction processes such as paying commissions and receiving rewards. The token follows the same successful trail with its blockchain network. It has attracted the interest of a significant number of users, especially users who crave Clarity smart contracts.
The token is available to trade at legal exchange companies and cryptocurrency leaders.
STX Price Prediction for the next 90 days
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Stacks Price Prediction 2023
Our forecast model calls for a temporary shift to a bear market in early 2023 before moving to another lead in Q3 and Q4 of 2023.
STX Price Prediction 2025 – 2030 – 2040
Our forecast model predicts that STX will reach new highs in 2025:
$1.08
The STX price in 2030 and 2040 is expected to be a couple of orders of magnitude higher than our 2025 forecast.