Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Is Ripple’s $50M Deal a Template for Future Crypto Settlements?
    NewsCryptoMarket

    Is Ripple’s $50M Deal a Template for Future Crypto Settlements?

    According to latest reports, 'Ripple and the U.S. Securities and Exchange Commission…

    By
    Jane Omada Apeh
    May 9, 2025
    Ethereum Breaks Out with 25% Rally — Here’s Why $2,500 Could Hit Sooner Than You Think
    NewsCryptoEthereumMarket
    Ethereum Breaks Out with 25% Rally Why $2,500 Could Hit Sooner
    May 9, 2025
    Bitcoin price hits 104K
    NewsCryptoMarket
    Bitcoin Smashes Through 104K Wipes Out 400M in Shorts and Signals New Bull Run
    May 9, 2025
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    NewsBlockchainCrypto
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    May 8, 2025
    Robert Kiyosaki Bitcoin
    NewsCryptoMarket
    Robert Kiyosaki Warns of “Biggest Crash Ever,” Says Buy Bitcoin Not Gold
    May 8, 2025
  • Cryptocurrency
    Is Ripple’s $50M Deal a Template for Future Crypto Settlements?
    Is Ripple’s $50M Deal a Template for Future Crypto Settlements?
    7 Min Read
    Ethereum Breaks Out with 25% Rally — Here’s Why $2,500 Could Hit Sooner Than You Think
    Ethereum Breaks Out with 25% Rally Why $2,500 Could Hit Sooner
    7 Min Read
    Bitcoin price hits 104K
    Bitcoin Smashes Through 104K Wipes Out 400M in Shorts and Signals New Bull Run
    6 Min Read
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    7 Min Read
    Robert Kiyosaki Bitcoin
    Robert Kiyosaki Warns of “Biggest Crash Ever,” Says Buy Bitcoin Not Gold
    8 Min Read
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    13 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Stacks (STX) Sees Significant Gains with an 11.77% Surge in the Crypto Market
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Stacks (STX) Sees Significant Gains with an 11.77% Surge in the Crypto Market
News

Stacks (STX) Sees Significant Gains with an 11.77% Surge in the Crypto Market

stack coin
Riya M
Last updated: July 15, 2024 7:29 am
By
Riya M
Published July 19, 2024
4 Min Read
Share

Stacks (STX) has recently caught the attention of the cryptocurrency market with its notable performance. Currently priced at $1.89, STX has experienced an impressive 11.77% increase in a single day, making it one of the top gainers. This price movement has positioned Stacks as an appealing asset for both investors and traders, reflecting positive market sentiment.

With a market capitalization of $2,782,908,978, Stacks holds the #31 rank among cryptocurrencies. This significant market cap indicates strong investor confidence and substantial capital inflows into STX. The trading volume over the past 24 hours has also seen a significant uptick, rising by 42.55% to reach $125,353,672. This increase in trading volume signifies heightened market activity and interest in STX, contributing to its recent price appreciation.

The volume-to-market cap ratio for Stacks stands at 4.48%. This ratio provides insight into the liquidity and trading activity of the cryptocurrency relative to its market capitalization. A ratio of 4.48% suggests a healthy level of trading activity, indicating that STX is actively traded in the market.

Analyzing the supply metrics, Stacks has a circulating supply of 1,474,337,626 tokens, representing 81.10% of its total supply of 1,818,000,000 tokens. The total and maximum supply are both capped at 1,818,000,000 STX. The high percentage of tokens already in circulation implies a relatively stable supply situation, which can positively impact the token’s price dynamics.

The fully diluted market cap of Stacks is $3,447,343,171, which represents the total market value of the cryptocurrency if all tokens were in circulation. This metric provides a broader perspective on the potential market value of STX, factoring in its maximum supply.

Several factors contribute to the recent surge in Stacks’ price. One key aspect is the growing interest in blockchain platforms that facilitate decentralized applications (dApps) and smart contracts. Stacks is unique in that it brings smart contracts and decentralized applications to Bitcoin, leveraging Bitcoin’s security and network effects. This innovative approach has attracted a significant user base and increased adoption of the platform.

From an investment perspective, the 11.77% price increase in just one day presents substantial short-term gains for investors. Such rapid appreciation makes STX an attractive asset for those seeking quick profits. However, potential investors should remain cautious of the inherent volatility in the cryptocurrency market. While the current trend is positive, market conditions can change swiftly, impacting the value of STX.

In conclusion, Stacks (STX) has demonstrated notable performance as a top gainer in the cryptocurrency market. Its recent price increase, substantial market cap, and robust trading volume underscore the growing interest and confidence in the platform. Stacks’ innovative approach to integrating smart contracts with Bitcoin’s blockchain positions it as a significant player in the blockchain ecosystem. As with any investment, it’s crucial for potential investors to conduct thorough research and consider market volatility. Nonetheless, the strong market performance and unique value proposition of Stacks make it a compelling asset in the evolving landscape of decentralized finance and blockchain technology.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Is SUI the Next Big Thing? Bold Predictions for Coming Years

Bitcoin Surges on U.S. China News—Is This the Final Run to $100K?

Elon Musk’s DOGE Department Challenges the US Treasury

These Two Altcoins Defied the Market Crash with a 40% Surge!

Cardano Price Rally: Is a New Record Within Reach?

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article pendle coin Pendle Soars Analyzing Its Recent Price Surge and Market Dynamics
Next Article Synthetix Synthetix (SNX) Emerges as a Top Gainer in the Crypto Market with a 12.42% Surge
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English