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Stacks

STX

GBP

Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

About Stacks

STX is the native token of the Stacks network, which aims to enable DeFi, NFTs, apps, and smart contracts for Bitcoin. STX is used to pay transaction fees and can be locked directly on the network to earn BTC rewards.

Stacks (STX) is a layer built on top of the Bitcoin blockchain, designed to expand the functionality of Bitcoin by enabling smart contracts and decentralized applications (dApps). It aims to make Bitcoin more than just a passive asset by unlocking its potential for use in sophisticated applications. Stacks uses a consensus mechanism known as Proof of Transfer (PoX), which allows it to connect with the Bitcoin blockchain and build on its cryptography standards. The Stacks layer is designed to be scalable, enabling transactions that settle on Bitcoin. It uses the Clarity programming language, which is designed for safety and predictability, allowing developers to know with certainty what a contract will do before it executes.

Stacks operates by using the Bitcoin blockchain as its base layer. It introduces its own consensus model, known as Proof of Transfer (PoX), which allows users to transfer the base currency (BTC) to mine STX. All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin blockchain, providing an additional layer of security. Stacks also uses the Clarity programming language for smart contracts, which is designed for safety and predictability. This allows developers to know with certainty what a contract will do before it executes.

Stacks aims to unlock the potential of Bitcoin for use in a variety of applications. It enables the creation of smart contracts and decentralized applications (dApps) that can use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Potential use cases include decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and more. For instance, developers can build applications that require fully-expressive smart contracts, high performance, or greater privacy. Stacks also enables atomic BTC swaps and assets owned by BTC addresses, further expanding the potential use cases for Bitcoin.

The Stacks project was initiated in 2017 by Muneeb Ali, who had just completed his PhD. His thesis laid the groundwork for the Stacks layer for Bitcoin. The original whitepaper was released the same year, and the project gathered substantial support. Prior to this, the early team had been building protocols and apps on Bitcoin before they began working on Stacks. In 2019, Stacks conducted the first-ever SEC qualified token offering for the general public, including the US. From 2018 to 2020, the team focused on building out the Stacks infrastructure, which is a programming layer for Bitcoin. The Stacks cryptocurrency has a predefined supply that is set to reach approximately 1,818 million STX.

Market

United Kingdom Market Stats

Market cap

£1.9B

Volume (24h)

£61.1M

Circulating supply

1.5B STX

Typical hold time

39 days

Popularity

#34

All time high

£2.98

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

-1.24%

Price change (1d)

-4.36%

Price change (1w)

-13.54%

Price change (2w)

+10.06%

Price change (1m)

+4.85%

Price change (1y)

+192.59%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Stacks on social media

1,267 unique individuals are talking about Stacks and it is ranked #36 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Stacks has an average sentiment score of 3.3 out of 5. Finally, Stacks is becoming less newsworthy, with 1 news articles published about Stacks. This is a 100% decrease in news volume compared to yesterday.

On Twitter, people are mostly neutral about Stacks. There were 31.78% of tweets with bullish sentiment compared to 6.31% of tweets with a bearish sentiment about Stacks. 61.91% of tweets were neutral about Stacks. These sentiments are based on 1205 tweets.

On Reddit, Stacks was mentioned in 3 Reddit posts and there were 6 comments about Stacks. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

1,267 people

Posts

1,308 posts

Dominance

0.11%

Volume rank

#36

Average Sentiment

3.3 out of 5

News Articles

1

Twitter

Stacks is on the decline this week.

The price of Stacks has decreased by 1.24% in the last hour and decreased by 4.36% in the past 24 hours. Stacks’s price has also fallen by 13.54% in the past week. The current price is £1.29 per STX with a 24-hour trading volume of £61.13M. Currently, Stacks is valued at 56.57% below its all time high of £2.98. This all-time high was the highest price paid for Stacks since its launch.

The current circulating supply of Stacks is 1,475,819,316.102 STX which means that Stacks has as total market cap of 1,475,819,316.102.

FAQ

What is the current price of Stacks?

We update our Stacks to GBP currency in real-time. Get the live price of Stacks on Coinbase.

What is the market cap of Stacks?

The current market cap of Stacks is £1.92B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Stacks?

The all-time high of Stacks is £2.98. This all-time high is highest price paid for Stacks since it was launched.

What is the 24 hour trading volume of Stacks?

Over the last 24 hours, the trading volume of Stacks is £61.13M.

What other assets are similar to Stacks?

Assets that have a similar market cap to Stacks include Aave UNI V2, Kaspa, Cosmos, and many others. To see a full list, see our comparable market cap assets.

How many Stacks are there?

The current circulating supply of Stacks is 1.5 billion.

What is the typical holding time of Stacks?

The median time that Coinbase customers hold Stacks before selling it or sending it to another account or address is 39 days.

What is the relative popularity of Stacks?

Stacks ranks 106 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Stacks?

Currently, 83% of Coinbase users are buying Stacks. In other words, 83% of Coinbase customers have increased their net position in Stacks over the past 24 hours through trading.

Can I buy Stacks on Coinbase?

Yes, Stacks is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Stacks guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024