Stacks

2024

Bitcoin ETF

Bitcoin

<p> Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. </p> 
<p class="is-style-lead">Stacks sees huge surge as institutions renew Bitcoin investments, while 99Bitcoins token presale gains momentum with nearly $2.5m raised.</p> 
<p>Institutions are back buying Bitcoin, and this has been a huge boon for its ecosystem tokens like Stacks, which has pumped 12% to $1.66 today. So could STX be set to continue its rally towards $2?</p> 
<p> You might also like: <a href="https://crypto.news/experts-predict-strong-performance-for-99bitcoins-presale/"> Experts predict strong performance for 99Bitcoins presale </a> </p> 
<h2 class="wp-block-heading" id="strong-stacks-posed-for-more-gains-amid-favorable-market-dynamics-strong"><strong>Stacks posed for more gains amid favorable market dynamics</strong></h2> 
<p>Everything is falling into place for Stacks to have an explosive run heading toward the end of 2024.</p> 
<p>Stacks is the largest Bitcoin layer 2 protocol. Being a layer 2 means its users can make transactions faster and cheaper than on the Bitcoin main network.</p> 
<p>However, Stacks also offers unique innovations like smart contracts capability.</p> 
<p>The project’s proximity to Bitcoin, coupled with its technological upgrades, means its price often mimics the market leader’s but with stronger upswings.</p> 
<p>Analyst Red underscored that Stacks significantly outperformed Bitcoin in 2023 and referred to it as “the BTC beta.”</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">What's <a href="https://twitter.com/search?q=%24STX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$STX</a> and why has it been melting faces? Boy do I have the free report for you<br><br>the short answer is: STX has been the BTC beta<br><br>the longer answer: State of Stacks Q4 2023 👇 <a href="https://t.co/WXW4CRbBEM" target="_blank" rel="">pic.twitter.com/WXW4CRbBEM</a></p>— Red 🍰 (@redvelvetzip) <a href="https://twitter.com/redvelvetzip/status/1758167004056317960?ref_src=twsrc%5Etfw" target="_blank" rel="">February 15, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>And continuing that trend, while Bitcoin is up 89% this year, Stacks is up over 140%. On a fundamental level, Stacks will perform well should BTC continue gaining pace. </p> 
<p>And developments in the past few days suggest that’s precisely what will happen. Germany’s Bitcoin reserves are diminishing, while Bitcoin ETF inflows are rising after weeks of negative momentum.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/Flowslikeosmo/status/1811080156213301405 
 </div>
</figure> 
<p>This represents an inflection point in BTC’s supply and demand dynamics.&nbsp;Moreover, with matters like the U.S. presidential election and anticipated interest rate cuts occurring later this year, all signs point to BTC price growth, which translates to stronger gains for Stacks.&nbsp;</p> 
<p>Moving to Stacks’ technical outlook, analyst ‘World of Charts’ believes that it has reached a key support level and will now undergo a bullish reversal. </p> 
<p>He underscored that STX has been trading inside a descending channel, and this will precede a 2x rally to the upside.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24Stx&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$Stx</a><br><br>Looks Attractive Here After Healthy Correction Looks Ready For Another Bullish Wave Over All Consolidating In Descending Channel ( On Lower Timeframe Breaking Falling Wedge Too Expecting 2x Bullish Wave Incase Of Successful Breakout <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Crypto</a> <a href="https://twitter.com/hashtag/Stx?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Stx</a> <a href="https://twitter.com/hashtag/Stacks?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Stacks</a> <a href="https://t.co/ae7KZZJ8hk" target="_blank" rel="">pic.twitter.com/ae7KZZJ8hk</a></p>— World Of Charts (@WorldOfCharts1) <a href="https://twitter.com/WorldOfCharts1/status/1810996265871671743?ref_src=twsrc%5Etfw" target="_blank" rel="">July 10, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Indeed, it is a positive outlook for Bitcoin’s leading layer 2, both from a fundamental and technical vantage point. But it’s not the only Bitcoin ecosystem token that is showing strength.</p> 
<h2 class="wp-block-heading" id="strong-99bitcoins-token-approaches-2-5m-at-presale-strong"><strong>99Bitcoins token approaches $2.5m at presale</strong></h2> 
<p>Stacks already has a $2.3 billion market cap, so while there is significant upside potential, that could be trumped by a new flavor like <a href="https://presale.99bitcoins.com/en" target="_blank" rel="">99Bitcoins token</a>.</p> 
<p>But although it might be new, this project is jam-packed with industry experience. 99Bitcoins token is a new initiative by the acclaimed 99Bitcoins media outlet, which launched in 2013 and caters to a vast audience.</p> 
<figure class="wp-block-image size-full">
 <picture loading="lazy" decoding="async" class="wp-image-14284303"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/07/Picture10.png.webp"> 
  <img loading="lazy" decoding="async" width="624" height="355" src="https://crypto.news/app/uploads/2024/07/Picture10.png" alt="Stacks nears $2 as 99Bitcoins token presale raises $2.3m - 23"> 
 </picture> 
</figure> 
<p>The new 99BTC launch is part of its grand plan to enrich crypto education. It will begin as an ERC-20 token before shifting to Bitcoins BRC20 framework.</p> 
<p>The project is building a Learn-to-Earn layer with gamefied content and financial incentivization.&nbsp;Users will earn 99BTC for completing courses, quizzes, and modules.</p> 
<p>Martin Iyooh hailed the project as a “massive opportunity” for users to “start making money online.” Martin’s point should not be overlooked. It reflects the breakthrough nature of crypto technology and its unique revenue-share models that can reshape finance.</p> 
<p>Previously, revenue went to straight to CEOs, but decentralized crypto projects favor the everyday user.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="Get Paid from the $99K BTC Airdrop from 99Bitcoins (99Bitcoins Presale Ending Soon!)" width="1020" height="574" src="https://www.youtube.com/embed/kI-uVB_2jhE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
 </div>
</figure> 
<p>The project’s presale is ongoing and investors can buy for $0.00113. However, they must hurry because this price will rise as the presale advances.</p> 
<p>To learn more, <a href="https://presale.99bitcoins.com/en" target="_blank" rel="">visit 99Bitcoins token presale</a>.</p> 
<p> Read more: <a href="https://crypto.news/99bitcoins-token-presale-raises-2m-signaling-strong-market-interest/"> 99Bitcoins token presale raises $2m, signaling strong market interest </a> </p> 
<p> Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. </p>

Stacks nears $2 as 99Bitcoins token presale raises $2.3m

Table of Contents

crypto.news

Other articles published on Jul 11, 2024

Key Reasons To Invest In Ethereum And Solana Now

TeraWulf Announces Repays Debt Plans To Scale Bitcoin Mining, AI Operations

Ethereum (ETH) Free From Massive Sell-off From Top Whale

RWA Cryptocurrencies Predicted to Make 50X This Summer, But This New Crypto Can Rise Even Higher

Covalent (QCT) rises amid proposal for token transition

Send Mercury Revolutionises Global E-commerce Integration

Join our free newsletter for daily crypto updates!