Stacks opened the charts in 2021 at $0.39, as per CoinGecko. It then started gaining traction and surged to $2.18 in May. However, prices experienced a downturn and dipped to $1.46 in September. Next, Stack started recovering and amounted to $2.67 in December.
Will Stack gain or lose value in 2022? Let’s find out.
What is Stacks?
Stacks is a Bitcoin-based platform that offers many products. Developers can use it to build decentralized or autonomous digital finance apps. The protocol also powers NFTs or non-fungible tokens, a unique key for establishing ownership over digital art.
Stacks uses Bitcoin technology to provide reliability and trust.
What is the STX Token?
STX works as the native token on the Stacks platform. It powers various applications like finance apps and NFTs. The protocol’s charges and fees are payable in STX and STX holders can lock their coins to earn Bitcoins in return.
STX Price Analysis for 2022
STX is currently priced at $1.08, as per data from CoinGecko. It has lost 33.5% value in the past 30 days but recovered enough to post a loss of 5.5% in the last 14 days. However, the coin again faced a dip and lost 14.6% in the last week.
What’s in store for STX in 2022?
According to Price Prediction, the token may add value to amount to $1.22 in May 2022, with highs and lows of $1.26 and $1.17 respectively. They think the price rise will continue until September with STX eventually selling for $1.36, with a minimum price of $1.31 and a maximum of $1.49. However, Price Prediction also predicts that the token may lose value to dip to $1.47 in December.
DigitalCoinPrice also predicts a good year for the token. They think STX may increase in price and reach $1.38 in May, selling for a highest of $1.43 or a lowest of $1.31. The website predicts the upward trend to continue until September with the token eventually trading for $1.44. Around September STX may even be available for a maximum or minimum of $1.47 or $1.30. By December, DigitalCoinPrice feels the token may dip down to $1.36 or sell for $1.40 at the highest or $1.33 at the lowest.
Wallet Investor is highly positive about STX. It thinks the token could climb to over $5 in the next five years. The website predicts the rising prices to continue to make STX list for $1.67 in December. However, the token may also attain a maximum or minimum price of $2.32 or $1.08 respectively.
Stacks may indeed be a great cryptocurrency to keep your eyes on. The majority of predictions indicate the token would gain value and sell for more in the coming days. However, predictions may not hold true if prices change abruptly, which is common in the crypto market.