{"id":523336,"date":"2023-03-16T09:30:05","date_gmt":"2023-03-16T09:30:05","guid":{"rendered":"https:\/\/ktsl888.com\/?p=523336"},"modified":"2024-06-11T08:42:09","modified_gmt":"2024-06-11T08:42:09","slug":"stx-down-by-14-ahead-of-upcoming-hardfork-upgrade","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/stx-down-by-14-ahead-of-upcoming-hardfork-upgrade\/","title":{"rendered":"Stacks (STX) Down By 14% Ahead Of Upcoming Hard Fork Upgrade"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Stacks (STX), one of 2023\u2019s most profitable cryptocurrencies, appears to be experiencing some market troubles. According to <a href=\"https:\/\/coinmarketcap.com\/currencies\/stacks\/\" target=\"_blank\" rel=\"noopener nofollow\">data from CoinMarketCap<\/a>, the altcoin has lost 14.3% of its value in the last 24 hours, making it one of the biggest daily losers in the top 50 cryptocurrencies.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The current downtrend in the STX market can be considered as \u201cunexpected,\u201d following the token\u2019s impressive start to the week that saw its price soar by 71.4% to trade above the $1 mark. In addition to its price action, STX\u2019s daily trading volume is also down to the tune of 19.6%.<\/span><\/p>\n<p>Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-prediction-vulnerable-0-35\/\" target=\"_blank\" rel=\"noopener \">XRP Price Prediction: Topside Bias Vulnerable Unless It Surges Past $0.38<\/a><\/p>\n<p><span style=\"font-weight: 400\">However, compared to its overall price movement, the present loss by the STX token is quite insignificant, thus, causing no panic among investors. For context, Stacks has gained by 46.9% in the last seven days and a staggering 201.8% in the last 30 days.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Moreover, there is a high level of interest surrounding the Stacks network due to its upcoming hard fork upgrade slated for later this month. At the time of writing, STX is trading at a market price of $0.9132, with its market cap set at $1.247 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, STX\u2019s maximum market supply remains at 1.818 billion, of which 1.366 billion tokens are in circulation.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.tradingview.com\/x\/8MbgQnOS\/\" alt=\"STX\" width=\"1786\" height=\"896\"><\/p>\n<pre style=\"text-align: center\"><span style=\"font-weight: 400\">STX trading at $0.9116 | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/xg17RJqK\/\" target=\"_blank\" rel=\"noopener nofollow\">STXUSD Chart on Tradingview.com<\/a><\/span><\/pre>\n<h2><span style=\"font-weight: 400\">Stacks Hard Fork Draws Nearer<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Last month, Stacks <a href=\"https:\/\/stacks.org\/stacks-21-what-to-expect\" target=\"_blank\" rel=\"noopener nofollow\">announced<\/a> its plans to activate a hard fork on its network on March 20, 2023, naming the upgrade Stacks 2.1. Ever since, there has been much excitement around the Stacks network, especially as the upgrade launch date approaches.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Just earlier today, Binance, the world\u2019s biggest cryptocurrency trading platform, <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/binance-will-support-the-stacks-stx-network-upgrade-hard-fork-53fabd888eba4f10a195558cf83192e0\" target=\"_blank\" rel=\"noopener nofollow\">announced<\/a> its support for the Stacks hard fork plans stating that the network upgrade will not affect STX trading on its platform.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Just like any update, Stacks 2.1 is expected to bring some exciting new features to the Stacks blockchain. According to the development team, the hard fork is intended to strengthen the connection between Stacks and its underlying platform &#8211; Bitcoin.\u00a0<\/span><\/p>\n<p>Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/cardano\/cardano-may-touch-0-30-but-these-price-levels-are-vital-for-the-coin\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Cardano May Touch $0.30 But These Price Levels Are Vital For The Coin<\/a><\/p>\n<p><span style=\"font-weight: 400\">Some notable features accompanying the Stacks 2.1 release include decentralized mining pools, improved network bridges, and new clarity functions for parsing and validating data. In addition, the Stacks hard fork will enable the compatibility of all Stacks-native assets &#8211; including NFTs &#8211; with Bitcoin wallets.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Stacks (STX) Price Prediction 2023<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Following Stacks&#8217; stunning performance in 2023 so far, there is a lot of interest in the token\u2019s possible price trajectory. According to the team at the popular prediction firm,<a href=\"https:\/\/walletinvestor.com\/forecast\/stacks-prediction\" target=\"_blank\" rel=\"noopener nofollow\"> WalletInvestor<\/a>, Stacks is expected to regain form very soon, hitting a price of $1.254 in the next 14 days.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, their price predictions also indicate that STX could be an unfavorable long-term investment, as they forecast the altcoin will experience a 93.5% loss within the next year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">That said, it goes without saying that these price predictions are not guaranteed. All investors are reminded to conduct their personal research as well as consult financial market experts before engaging the market.\u00a0<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured Image: Stacks, chart from Tradingview<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Stacks (STX), one of 2023\u2019s most profitable cryptocurrencies, appears to be experiencing some market troubles. According to data from CoinMarketCap, the altcoin has lost 14.3% of its value in the last 24 hours, making it one of the biggest daily losers in the top 50 cryptocurrencies. The current downtrend in the STX market can be considered as \u201cunexpected,\u201d following the token\u2019s impressive start to the week that saw its price soar by 71.4% to trade above the $1 mark. In addition to its price action, STX\u2019s daily trading volume is also down to the tune of 19.6%. Related Reading: XRP Price Prediction: Topside Bias Vulnerable Unless It Surges Past $0.38 However, compared to its overall price movement, the present loss by the STX token is quite insignificant, thus, causing no panic among investors. For context, Stacks has gained by 46.9% in the last seven days and a staggering 201.8% in the last 30 days.\u00a0 Moreover, there is a high level of interest surrounding the Stacks network due to its upcoming hard fork upgrade slated for later this month. At the time of writing, STX is trading at a market price of $0.9132, with its market cap set at $1.247 billion. Meanwhile, STX\u2019s maximum market supply remains at 1.818 billion, of which 1.366 billion tokens are in circulation.\u00a0 STX trading at $0.9116 | Source: STXUSD Chart on Tradingview.com Stacks Hard Fork Draws Nearer Last month, Stacks announced its plans to activate a hard fork on its network on March 20, 2023, naming the upgrade Stacks 2.1. Ever since, there has been much excitement around the Stacks network, especially as the upgrade launch date approaches. Just earlier today, Binance, the world\u2019s biggest cryptocurrency trading platform, announced its support for the Stacks hard fork plans stating that the network upgrade will not affect STX trading on its platform.\u00a0\u00a0 Just like any update, Stacks 2.1 is expected to bring some exciting new features to the Stacks blockchain. According to the development team, the hard fork is intended to strengthen the connection between Stacks and its underlying platform &#8211; Bitcoin.\u00a0 Related Reading: Cardano May Touch $0.30 But These Price Levels Are Vital For The Coin Some notable features accompanying the Stacks 2.1 release include decentralized mining pools, improved network bridges, and new clarity functions for parsing and validating data. In addition, the Stacks hard fork will enable the compatibility of all Stacks-native assets &#8211; including NFTs &#8211; with Bitcoin wallets.\u00a0 Stacks (STX) Price Prediction 2023 Following Stacks&#8217; stunning performance in 2023 so far, there is a lot of interest in the token\u2019s possible price trajectory. According to the team at the popular prediction firm, WalletInvestor, Stacks is expected to regain form very soon, hitting a price of $1.254 in the next 14 days.\u00a0 However, their price predictions also indicate that STX could be an unfavorable long-term investment, as they forecast the altcoin will experience a 93.5% loss within the next year.\u00a0 That said, it goes without saying that these price predictions are not guaranteed. All investors are reminded to conduct their personal research as well as consult financial market experts before engaging the market.\u00a0 Featured Image: Stacks, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":523337,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,10923,83786,87879],"class_list":["post-523336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto-market","tag-stacks","tag-stx"],"acf":[],"yoast_head":"\n<title>Stacks (STX) Down By 14% Ahead Of Upcoming Hard Fork Upgrade Stacks (STX) Down By 14% Ahead Of Upcoming Hard Fork Upgrade<\/title>\n<meta name=\"description\" content=\"Stacks (STX), one of 2023\u2019s most profitable cryptocurrencies, appears to be experiencing some market troubles. 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While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. 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