Stacks (STX) Reaches Self Reported Market Cap of $1.92 Billion

Stacks (STX) traded up 5.7% against the dollar during the one day period ending at 11:00 AM E.T. on October 14th. During the last week, Stacks has traded 1.9% lower against the dollar. One Stacks coin can now be purchased for $1.83 or 0.00002773 BTC on exchanges. Stacks has a market cap of $1.92 billion and $90.70 million worth of Stacks was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 0.1% lower against the dollar and now trades at $0.0499 or 0.00000077 BTC.

Stacks Coin Profile

Stacks uses the hashing algorithm. Its launch date was February 17th, 2015. Stacks’ total supply is 1,493,245,181 coins and its circulating supply is 1,048,765,672 coins. Stacks’ official message board is blog.stacks.co. Stacks’ official website is stacks.co. Stacks’ official Twitter account is @stacks and its Facebook page is accessible here. The Reddit community for Stacks is https://reddit.com/r/stacks and the currency’s Github account can be viewed here.

According to CryptoCompare, “Stacks (STX) is the native token of the Stacks blockchain, a layer-one blockchain built on top of Bitcoin. It enables developers to create dApps with smart contracts, tokenize assets and build digital marketplaces. STX is built using the Clarity smart contract language which is secure and auditable. PoX consensus protocol rewards miners with a combination of Bitcoin and STX to provide a secure, reliable platform. STX can be used to stake, purchase digital assets, pay for services and vote on network decisions. Blockstack PBC, founded by Muneeb Ali and Ryan Shea in 2013, is responsible for development and maintenance of Stacks network.”

Buying and Selling Stacks

It is usually not possible to purchase alternative cryptocurrencies such as Stacks directly using US dollars. Investors seeking to trade Stacks should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Stacks using one of the aforementioned exchanges.

STX/USD price chart by TradingView