Stacks (STX) is a pioneering cryptocurrency project that aims to enhance the capabilities of the Bitcoin blockchain by integrating smart contracts and decentralized applications (dApps) directly into Bitcoin's ecosystem. Originating as Blockstack before rebranding to Stacks in 2020, it stands as a layer-1 solution that employs Bitcoin as its foundational layer. The Stacks platform is energized by its native token, STX, which is instrumental in the execution of smart contracts, transaction processing, and the registration of digital assets. The live Stacks to EUR conversion is € 1.71.
At its core, Stacks is driven by a vision to decentralize the internet further, challenging the dominance of major corporations over online interactions. This vision is encapsulated in the motto "can't be evil," a direct critique of the centralized power structures embodied by giants such as Google and Facebook. By leveraging Bitcoin's secure and stable nature, Stacks ensures that its dApps maintain these attributes, fostering an ecosystem where development is both open and collaborative.
The operational dynamics of Stacks revolve around a unique consensus mechanism known as Proof of Transfer (PoX). This system distinguishes itself by not requiring miners to mine in the traditional sense. Instead, miners contribute already mined Bitcoin to the network as a chance to earn STX tokens. This process is regulated by specific rules that ensure the integrity and security of transactions within the Stacks ecosystem.
One of the standout features of Stacks is its commitment to innovation. Unlike many cryptocurrency projects that rush to market, Stacks underwent an extensive eight-year development phase that included rigorous peer review. This process has resulted in a platform that not only extends Bitcoin's functionality without the need for hard forks but also introduces a new smart contract language, Clarity, designed for ease of use and security.
Stacks also introduces Gaia, a storage solution that allows users to choose between cloud storage providers or their own storage solutions, addressing concerns around data sovereignty and security. Additionally, the platform features an integrated naming service, enhancing user interaction with digital assets.
Stacks crypto has achieved significant regulatory milestones, including receiving funding from the US government and becoming the first blockchain token to receive backing from the SEC for its initial coin offering (ICO). This regulatory endorsement underscores the platform's commitment to compliance and security.
The value proposition of Stacks is multifaceted. Beyond its innovative integration with Bitcoin, the STX crypto token holders can engage in 'stacking,' a process akin to staking, to earn Bitcoin rewards. This mechanism, along with the platform's scalable transaction capabilities and robust security measures, underscores the intrinsic value of the STX token. The current price of 1 STX in EUR is € 1.71.
Stacks represents a forward-thinking approach to leveraging Bitcoin's foundational strengths while expanding its utility through smart contracts and decentralized applications. With its unique consensus mechanism, innovative storage solutions, and regulatory achievements, Stacks is positioned as a key player in the ongoing evolution of blockchain technology.
The fastest, most convenient way to purchase Stacks is to purchase it on ICONOMI. We check Stacks live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Stacks by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Stacks is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Stacks, we recommend you read the next section, as copying might be a better approach.
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Stacks in their structure.
Here you can read and comment on all posts made by Strategists about Stacks STX. See all Stacks price predictions in real time and make the best use of their crypto knowledge.
We rebalanced BLX in accordance with our pre-set structure.
We added Airwave ($AR) with a weight of 0.30%. Stacks ($STX), Optimism ($OP) and VeChain ($VET) have fallen out of our structure parameters. Among existing assets, the main changes were with Binance Coin ($BNB) and Solana ($SOL), which stand at 8.93% and 7.81% weight, respectively, $BTC and $ETH have been reset to 40% and 30%.
3/3
Detailed Analysis of the Second Correlation Table:
Overview:
The second table shows the correlation between different sectors and market indices. The sectors are:
Blockchain Infrastructure sector: Includes $SOL , $AVAX , $NEAR , $ICP , $FTM , $IMX , $STX , $INJ
Infrastructure Applications sector: Includes $AR , $FET , $JASMY , $AGIX , $RNDR .
Market Indices: TOTAL, TOTAL2, TOTAL3, TOP 10 (TOTAL-OTHERS), OTHERS.
Key Observations:
Correlation with Market Indices:
TOTAL and Blockchain Infrastructure sector: 77.14% correlation.
TOTAL and Infrastructure Applications sector: 92.54% correlation.
Intra-Sector Correlation:
High correlation within the Blockchain Infrastructure sector (above 84%).
Lower correlation within the Infrastructure Applications sector (below 80%).
Sector Analysis:
Blockchain Infrastructure sector: Moderate correlation with market indices suggests some diversification benefit.
Infrastructure Applications sector: High correlation with market indices indicates significant market trend dependency.
Risk Diversification:
Blockchain Infrastructure sector: Moderate correlation with market indices makes it useful for diversification.
However, high intra-sector correlation suggests these assets tend to move together.
Infrastructure Applications sector: High correlation with market indices implies these assets are more susceptible to market trends. However, lower intra-sector correlation provides some intra-sector diversification.
The combination of assets from the Blockchain Infrastructure and Infrastructure Applications sectors can provide a balanced portfolio with a good mix of diversification and market exposure. For example, combining assets like SOL (Blockchain Infrastructure) and AR (Infrastructure Applications) may reduce overall portfolio risk.
This is a small part of what I do behind the scenes.
Good luck!
🔵 Mr Jaradat Portfolio
A systematic strategy based on my mathematical model to determine the optimal position for taking additional risks, which is mainly based on the analysis of the trend, momentum and correlation of the assets in this crypto strategy with market indices.
Exposure in [Risk-on] mode
▪️ Blockchain Infrastructure sector 50%
▪️ Infrastructure applications sector 50%
Exposure in [Risk-off] mode
▪️ Blockchain Infrastructure sector 25%
▪️ Infrastructure applications sector 25%
🔵The Strategist
🤟 Rebalancing Info 01.05.2024 🤟
Strategy Performance April: -29% 📉
Winner April: $TRX +0,2% 🆗
Loser April: $APT -49% 😱
Every month I rebalance the strategy back to 4% each of the Top25 crypto coins without Stablecoins or wrapped Token.
There has been 3 changes in the Top25:
22x Rebalanced
Everything is rebalanced back to 4% each.
🤟 www.crypto-index-25.de 🤟
1/4
These are the buy and hold returns from April 1 to the present.
I provide this information to help you see the extent of the decline resulting from the black swan event last night and the night before and compare its impact from the opening of the month.
You can evaluate this discounts in relation to your investment as this is an appropriate opportunity to buy discounts as in Mid of last March.
It is always better to invest in a passive index with objective rules and no survival bias.
You can review the components that my indexes possess periodically and compare your performance with my indexes that objectively organize the cryptocurrency market according to the method of your investment, or use them to form your own strategies or customize your investment and increase your understanding of developments in the crypto market.
I'm a momentum investor, I buy winners and sell losers here.
The winner remains a winner and the loser remains a loser.
But you can benefit from this information according to your strategy if you are buying dips.
Blockchain Infrastructure sector ex-$ETH
What are the structure parameters based on which coins are added or removed?