Stacks Price Prediction
(STXUSD)$1.74$1.71 (7.72%)Market Stats and Forecasts
Stacks Description
STX, the native token of the Stacks network, has emerged as a layer built on top of the Bitcoin blockchain. Its primary purpose is to bring smart contracts and decentralized applications (dApps) to the Bitcoin ecosystem. By doing this, STX aims to transform Bitcoin from a store of value to a platform that can be used for a broader range of purposes. The main issue with Bitcoin is more support for smart contacts. These contracts are self-executing and can automatically complete the transaction process. STX resolves the limitation issue.
Its developers can build smart contracts and dApps, ensuring security and smooth transactions in the blockchain. The importance of STX within the stacks network is immense. It helps in transactions like ETH usually do on the Ethereum network. It takes fees from users to deploy and interact with Smart contacts on stacks. Stacks networks work on the Proof of Transfer(PoX) mechanism. This mechanism strengthens the security of the Bitcoin blockchain by effective mining activity.
Transactions on Stacks are ultimately settled on Bitcoin. It ensures high protection for applications built on the Stacks network. STX can unlock significant value for the Bitcoin ecosystem. It allows developers to build advanced finance applications on this network by enabling Smart contacts and dApps. However, STX is a new project whose success depends on critical factors like network adaption and users. .
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of Stacks, Our analysis, guided by the machine learning experts, yields forecasts for Stacks price trajectory up to 2024. With a comprehensive understanding of Stacks historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 5 and an error value of 0.81%.
For the year 2024, our analysis indicates a projected yearly low of $2.33, with the high anticipated to reach $3.43. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-07-01 | 1.56 | 1.61 | 1.66 | -2.20 |
| 2024-07-02 | 1.56 | 1.61 | 1.67 | -3.28 |
| 2024-07-03 | 1.57 | 1.62 | 1.67 | -2.21 |
| 2024-07-04 | 1.59 | 1.61 | 1.64 | -2.21 |
| 2024-07-05 | 1.57 | 1.6 | 1.66 | -2.21 |
| 2024-07-06 | 1.57 | 1.59 | 1.62 | -3.29 |
| 2024-07-07 | 1.56 | 1.59 | 1.64 | -3.29 |
| 2024-07-08 | 1.56 | 1.59 | 1.64 | -4.35 |
| 2024-07-09 | 1.54 | 1.57 | 1.62 | -3.30 |
| 2024-07-10 | 1.56 | 1.61 | 1.65 | -4.36 |
| 2024-07-11 | 1.56 | 1.59 | 1.64 | -3.31 |
| 2024-07-12 | 1.56 | 1.59 | 1.62 | -3.31 |
| 2024-07-13 | 1.59 | 1.62 | 1.66 | -1.18 |
| 2024-07-14 | 1.59 | 1.61 | 1.64 | -2.27 |
| 2024-07-15 | 1.61 | 1.66 | 1.72 | -0.12 |
| 2024-07-16 | 1.59 | 1.62 | 1.66 | -1.22 |
| 2024-07-17 | 1.63 | 1.66 | 1.71 | 0.95 |
| 2024-07-18 | 1.63 | 1.7 | 1.76 | 2.06 |
| 2024-07-19 | 1.64 | 1.69 | 1.74 | 0.94 |
| 2024-07-20 | 1.63 | 1.66 | 1.71 | 2.05 |
| 2024-07-21 | 1.61 | 1.66 | 1.71 | 0.93 |
| 2024-07-22 | 1.63 | 1.68 | 1.74 | 2.04 |
| 2024-07-23 | 1.68 | 1.73 | 1.78 | 3.16 |
| 2024-07-24 | 1.72 | 1.76 | 1.8 | 5.43 |
| 2024-07-25 | 1.68 | 1.73 | 1.8 | 4.27 |
Stacks Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,Stacks is forecasted to achieve its peak value in 2025 at approximately $5.67, while potentially dipping to a low of $2.68. The average trading value during this period is projected to hover around $4.98.Stacks Price Prediction 2026
In 2026, Stacks is anticipated to potentially reach its peak value of $9.35, with a possible lower value of $4.46. The average trading value for this period is estimated to be approximately $8.26.Stacks Price Prediction 2027
As we look ahead to 2027, the trajectory of the Stacks coin may offer investors unexpected turns. Projections suggest peaks hitting $15.76 and lows stabilizing around $7.39, with an average trading value resting near $14.07.Stacks Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the Stacks coin. Projections point towards a maximum value of $22.88, a minimum of $13.06, and an average value of approximately $20.43.Stacks Price Prediction 2029
Our market analysis indicates optimistic prospects for the Stacks crypto in 2029, with projected peaks at $32.41 and floors at $18.04. Moreover, the average trading value of this coin is anticipated to hover around $29.55.Stacks Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the Stacks token. Projections indicate highs near $47.14, potential lows around $24.4, with an average value of about $41.9.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $1.77 by the Jul 01, 2024. The Relative Strength Index (RSI) stands at 0.8029, indicating a Fall market stance. Overall, while the long-term forecast is Buy.
About stx
Stacks Price Prediction FAQ
Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Buy
The Stacks is predicted to surge by 6.90% to $1.57 by Jul 09, 2024, though current indicators show a Bullish sentiment with 13 out of 30(43%) green days and a notable -6.39% price volatility over the past month.