{"id":18180,"date":"2023-02-28T14:51:05","date_gmt":"2023-02-28T14:51:05","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/stx-outlook-and-the-bitcoin-halving\/"},"modified":"2023-02-28T14:51:05","modified_gmt":"2023-02-28T14:51:05","slug":"stx-outlook-and-the-bitcoin-halving","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/stx-outlook-and-the-bitcoin-halving\/","title":{"rendered":"STX outlook and the Bitcoin halving"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677594439517-2a39e1d0-0bb8-4679-9ef4-9b4b23159ef1-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677594439517-2a39e1d0-0bb8-4679-9ef4-9b4b23159ef1-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677594439517-2a39e1d0-0bb8-4679-9ef4-9b4b23159ef1-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677594439517-2a39e1d0-0bb8-4679-9ef4-9b4b23159ef1-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Stacks price has soared in the aftermath of interest in Bitcoin NFTs with the launch of Ordinals.<\/li>\n<li dir=\"ltr\">STX rose to an all-time high of $3.39 in December 2021.<\/li>\n<li dir=\"ltr\">Analysts say the upcoming Bitcoin halving could catalyse fresh rallies for the token.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/what-is-stacks\/\">Stacks<\/a>, the Bitcoin layer that leverages smart contracts to enable decentralised finance (DeFi) and non-fungible tokens (<a href=\"https:\/\/coinjournal.net\/learn\/what-are-nfts-and-how-do-they-work\/\">NFTs<\/a>) among other decentralized applications on the pioneer blockchain network, is currently one of the best performing assets in the market today.<\/p>\n<p dir=\"ltr\">The native STX is higher by more than 43% on the week even as most tokens struggle with downward pressure.<\/p>\n<h2 dir=\"ltr\">Stacks price: STX poised for BTC halving explosion?<\/h2>\n<p dir=\"ltr\">The <a href=\"https:\/\/coinjournal.net\/stacks\/\">Stacks price<\/a> has been rallying due to massive interest in Bitcoin-based NFTs and recently after the protocol <a href=\"https:\/\/coinjournal.net\/news\/stacks-releases-two-whitepapers-stx-price-shoots-up-31\/\">released its whitepapers<\/a>. The token\u2019s price has in fact gained significant traction following the hype around the launch of the Ordinals project.<\/p>\n<p dir=\"ltr\">Ordinals is a novel NFTs protocol that allows for the minting and storage of digital artifacts on the Bitcoin blockchain. The huge interest that greeted the Ordinals\u2019 launch helped push the price of STX as demand for the layer 2 blockchain Stacks\u2019 native token skyrocketed.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Welcome to <a href=\"https:\/\/twitter.com\/hashtag\/Stacks?src=hash&amp;ref_src=twsrc%5Etfw\">#Stacks<\/a> \ud83d\udc9c \ud83d\udc47 <\/p>\n<p>\u2b50 A <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> layer for smart contracts<br \/>\u2b50 Enabling smart contracts and decentralized applications to trustlessly use <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> as an asset<br \/>\u2b50 Settling transactions on the <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> blockchain <br \/>\u2b50 Unlocking <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> Decentralized Finance, NFTs, BNS, and more <a href=\"https:\/\/t.co\/VoHnypE1dx\">pic.twitter.com\/VoHnypE1dx<\/a><\/p>\n<p>\u2014 stacks.btc (@Stacks) <a href=\"https:\/\/twitter.com\/Stacks\/status\/1627835331033591808?ref_src=twsrc%5Etfw\">February 21, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">Stacks Network\u2019s leveraging of Bitcoin\u2019s blockchain security and permanence, the idea of Bitcoin NFTs and DeFi are factors helping position STX for more upside action. But more than that, analysts predict that the STX price could see another explosive move as Bitcoin\u2019s halving, which is about a year away, approaches.<\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin price<\/a> has rallied going into the halving and this looks to be the trajectory STX will take. As for now, market analysts say there\u2019s a \u201ccultural shift in Bitcoin\u201d, and that sentiment might catalyse a huge move for STX.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Ordinals have catalyzed a cultural shift in <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> that will work to <a href=\"https:\/\/twitter.com\/search?q=%24STX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$STX<\/a>&#8216;s benefit. For those that want more programmable uses of <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>, applications built on top of <a href=\"https:\/\/twitter.com\/Stacks?ref_src=twsrc%5Etfw\">@stacks<\/a> will provide what they seek. <a href=\"https:\/\/t.co\/icPTUGrMFQ\">https:\/\/t.co\/icPTUGrMFQ<\/a><\/p>\n<p>\u2014 Chris Burniske (@cburniske) <a href=\"https:\/\/twitter.com\/cburniske\/status\/1629646786938957825?ref_src=twsrc%5Etfw\">February 26, 2023<\/a><\/p>\n<\/blockquote>\n<h2 dir=\"ltr\">STX price today<\/h2>\n<p dir=\"ltr\">The native token STX is up more than 43% in the past week and tops the 100 largest cryptocurrencies by market cap in weekly performance.<\/p>\n<p dir=\"ltr\">While the STX\/USD pair has retreated nearly 3% in the past 24 hours, the token\u2019s price as at 8.20 am ET on 28 February was $0.89, showing a 3.5% jump on the hourly time frame.<\/p>\n<p>And with over 200% gains in the past 30 days, Stacks has quickly risen up the charts in terms of market cap (currently at over $1.2 billion and ranked 47th on CoinGecko.)<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/stacks-price-prediction-stx-is-primed-for-the-upcoming-bitcoin-halving\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Stacks price has soared in the aftermath of interest in Bitcoin NFTs with the launch of Ordinals. STX rose to an all-time high of $3.39 in December 2021. Analysts say the upcoming Bitcoin halving could catalyse fresh rallies for the token. Stacks, the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":18181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18180"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=18180"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18180\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/18181"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=18180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=18180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=18180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}