stack (STX-USD) Price predictions are worth a look as investors have high hopes for the cryptocurrency Bitcoin (BTC USD) Halving next week.
The Bitcoin halving will lead to this Hash rate for the token drops. This means that miners get paid less for their work. When this happens, it often increases the price of BTC and associated tokens.
Stacks is one of the cryptos that are tied to ordinal numbers. This is a way to feed data into the Bitcoin blockchain through digital art and transactions. With the upcoming halving, the rally around BTC could extend to STX.
This leaves many traders wondering what the future holds for stacks. Let’s dive into it below with the latest STX price predictions!
To take a closer look at these price predictions, at the time of this writing, Stacks was trading for $2.95. It is worth noting that STX has fallen by 4.9% in the last 24 hours. This is accompanied by a 13.2% increase in trading volume over the same period.
Investors looking for more crypto news are in luck!
We’re bringing you the latest crypto news traders need to know on Thursday! This includes even more price predictions as well as insights into top tokens to keep an eye on. Retailers can find out more about these topics using the links below!
At the time of publication, William White did not hold, directly or indirectly, any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to those of InvestorPlace.com Publishing Guidelines.
Article printed by InvestorPlace Media, https://investorplace.com/2024/04/stacks-price-predictions-where-will-the-bitcoin-halving-take-the-stx-crypto/.
©2024 InvestorPlace Media, LLC
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