Stacks (STX) coin jumped 70% today before pulling back: here’s where to buy it

The Stacks (STX) coin has made headlines today after unleashing a monster bull trend that saw it hit $1.90. As a result, investors are scrambling for the coin especially since it has outperformed all the other top 100 coins including Bitcoin, the majority of which are in the red today.

Today’s STX price rally coincides with the launch of Bitcoin Odyssey, a $165M fund by OKcoin cryptocurrency exchange to develop Web3 on Bitcoin blockchain using Stacks.

To help investors buy the Stacks (STX) coin, Invezz has compiled a brief guide on the best places to buy the Stacks coin while also explaining what it is and what its price predictions are.

To find out more, please continue reading..

Best places to buy STX coin

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Register with eToro instantly Disclaimer eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Plus500

Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)

Register with Plus500 instantly Disclaimer This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

What is Stacks Coin?

Stacks coin, which is denoted as STX, is the native cryptocurrency of the Stack 2.0 blockchain that was formerly known as Blockstack before being rebranded to Stacks towards the end of 2020. The Stacks 2.0 mainnet was later released in January 2021.

The Stack 2.0 blockchain is a blockchain solution that brings decentralized applications (DApps) and smart contracts to Bitcoin (BTC) users without undermining Bitcoin features. The stacks coin (STX), on the other hand, is primarily used for executing smart contracts, processing transactions, and registering new digital assets for the DApps on the Stack 2.0 blockchain. Miners of the Stacks blockchain mint new Stack coins (STX) by paying using BTC through a consensus mechanism known as proof-of-transfer (PoX).

Today Stacks coin (STX) is valued at $1.20 registering after an impressive week’s performance where it registered a 13% rise in the past seven days.

Stacks price prediction rise in value

Although there are fears of a major pullback following today’s price surge, analysts are still bullish on the Stacks (STX0 coin with the majority of them predicting that it could hit $2 before the end of next week.

Stacks in the social media