Stacks price prediction indicates a short-term price target of $3.70 while in the long term, it may grow to $100 in the long term and $250 in the ultra long term (2045).
What is Stacks (STX)?
Stacks (STX) is a smart contracting platform built on top of Bitcoin as a layer-2 solution. This helps Bitcoin users avail all the DeFi features and DApps that we see on Ethereum.
Despite being a relatively new project, STX has a market cap of $3.13 billion and ranks 42nd in the list of largest crypto projects (by market cap).
Fundamental Analysis
STX plays a critical role in the newly formed Bitcoin ecosystem. It provides smart contract support, which is necessary to support the deployment of Dapps and DeFi services on the newly established BRC-20 coins and for the Ordinals.
Above $100k, Bitcoin is expected to see a phenomenal rise in adoption. This rise would surely attract new users wanting to perform DeFi operations on the Bitcoin blockchain. Surely, this would be impossible without a smart contract layer to secure those assets.
Hence, the growth in Bitcoin is expected to drive a similar kind of growth in STX.
Take a look at what Messari reveals on STX:
Technical Analysis
STX has been mirroring the price growth of Bitcoin since its launch. Since then, it has been following BTC’s price during its 2021 ATH, in the subsequent fall, and in the run-up to 2024 pre-halving ATH too.
However, since then, its price has been showing unique behavior that seems very bullish. And we could see it grow to new highs, probably beating Bitcoin in growth rate.
A look at the STX-USDT daily chart revels that it has seen the formation of a bullish rounding bottom pattern. This chart pattern usually forms in cryptocurrencies that can show a recovery of past price levels and a subsequent rally.
For STX, it means that the crypto could see its price recover to the $3.6 level. However, it has to cross three resistances at $2.10, $2.49, and $3.01. The current bullishness in BTC could lead STX to cross these levels, probably in early 2025.
Stacks Price Prediction
Near-term price prediction by early 2025 shows the possibility of $3.6. In the long term, the targets are somewhere close to $100. Finally, in the ultra-long term, i,e., by the year 2045, STX could eventually cross $260.
STX Price Prediction 2025
By early 2025, we assume Bitcoin will be well above $100k, and hence, due to BTC’s bullishness, STX could rise to $3.6 levels.
Stacks Price Prediction 2026
The year 2026 could see the alt season peak and the rise in DeFi projects could prompt users to migrate to Bitcoin DeFi from Etheruem, Solana, and other ecosystems. As a result, we might see a spike in STX till $30.
STX Price Prediction 2027
The correction in 2027 is less likely to impact STX due to its dual fundamentals of correlation with BTC price and central role in Bitcoin DeFi.
Stacks Price Prediction 2028
The fifth Bitcoin halving could prove doubly beneficial for stacks due to its price correlation with Bitcoin and due to DeFi markets. This could help it cross $40 to $50 levels easily.
STX Price Prediction 2029
The next alt season in 2029 is expected to lift DeFi markets further, and in such an environment, the rise of Bitcoin DeFi is inevitable. This could benefit STX and help it easily cross $75 levels.
Stacks Price Prediction 2030
In the medium-long term, we expect the DeFi markets to rise to a mature level and the role of STX would be even more central in Bitcoin-based DeFi. This could easily help STX cross $100k.
Stacks Price Prediction 2045
Michael Saylor, who has been immensely successful in his Bitcoin strategy, sees BTC rise to $13 million by 2045. A similar growth in STX could help it easily cross $250 levels and added with the growth in DeFi markets, it could push STX upwards of $260.
