Is it the right time to buy Stacks crypto?
As of early June 2024, Stacks (STX) trades at approximately $2.15, supported by a recent daily trading volume nearing $160 million—demonstrating robust market interest among UK-based investors. Stacks continues on an ambitious trajectory, recently benefiting from the highly anticipated Nakamoto upgrade, which significantly enhances its scalability and introduces faster block confirmation. This technical leap has attracted both developers and leading ecosystem partners, and is considered a catalyst for new use-cases, especially in the expanding Bitcoin Layer 2 sector. Regulatory conditions in the UK remain stable and amenable for compliant trading and investment of Stacks, further bolstering confidence among local participants. Market sentiment is notably constructive, as holders view the recent protocol enhancements and integrations—such as those with prominent DeFi and NFT projects—as pivotal for long-term value. Investors monitoring Layer 2 solutions tailored for Bitcoin are also showing increasing attention to STX, aligning with broader sector expectations. According to a consensus of 37 respected national and international analysts, the mid-term price target is set at $3.12, reflecting a sector-wide optimism. For UK investors seeking exposure to innovative, Bitcoin-adjacent technologies, current market levels present a compelling scene for strategic portfolio consideration.
- ✅Direct integration with Bitcoin as a leading Layer 2 solution
- ✅Strong developer adoption after Nakamoto upgrade
- ✅Active ecosystem growth in DeFi and NFTs
- ✅Positive UK regulatory standing for compliant trading
- ✅Resilient community engagement and governance
- ❌Short-term volatility possible post-upgrade integration phase
- ❌Network effects still maturing compared to older fast-growing chains
- ✅Direct integration with Bitcoin as a leading Layer 2 solution
- ✅Strong developer adoption after Nakamoto upgrade
- ✅Active ecosystem growth in DeFi and NFTs
- ✅Positive UK regulatory standing for compliant trading
- ✅Resilient community engagement and governance
Is it the right time to buy Stacks crypto?
- ✅Direct integration with Bitcoin as a leading Layer 2 solution
- ✅Strong developer adoption after Nakamoto upgrade
- ✅Active ecosystem growth in DeFi and NFTs
- ✅Positive UK regulatory standing for compliant trading
- ✅Resilient community engagement and governance
- ❌Short-term volatility possible post-upgrade integration phase
- ❌Network effects still maturing compared to older fast-growing chains
- ✅Direct integration with Bitcoin as a leading Layer 2 solution
- ✅Strong developer adoption after Nakamoto upgrade
- ✅Active ecosystem growth in DeFi and NFTs
- ✅Positive UK regulatory standing for compliant trading
- ✅Resilient community engagement and governance
- Stacks in brief
- How much does 1 Stacks cost?
- Our full review of the Stacks cryptocurrency
- How to buy Stacks?
- Our 7 tips for buying Stacks
- The latest news from Stacks
- FAQ
Stacks in brief
Indicator | Value | Analysis |
---|---|---|
🌐 Original Blockchain | Bitcoin | Stacks is built on Bitcoin, enhancing its programmability and security. |
💼 Project Type | Layer 2, Smart Contracts | Enables smart contracts and decentralized apps directly on Bitcoin. |
🏛️ Creation Date | 2017 | Established player with several years of development and adoption. |
🏢 Market Cap | ~$2.1 billion | Medium-to-large cap, showing growing investor and developer interest. |
📊 Market Cap Rank | 34 | Among the top 40 cryptocurrencies, indicating significant market relevance. |
📈 24h Trading Volume | ~$110 million | Healthy trading activity, supporting liquidity for investors and users. |
💹 Circulating Supply | ~1.47 billion STX | Almost 75% of total supply, contributing to stable tokenomics. |
💡 Main Objective | Smart contracts on Bitcoin | Aims to bring DeFi and Web3 to the Bitcoin ecosystem. |
How much does 1 Stacks cost?
The price of Stacks is on the rise this week. Currently trading at £1.69, Stacks has gained 3.8% over the past 24 hours and shows a 7-day uptick of 12.2%. With a market capitalisation of £2.44 billion, an average three-month trading volume of £98 million, and ranking 32nd among all cryptocurrencies, Stacks offers strong liquidity. The circulating supply stands at 1.45 billion STX, with a market dominance of 0.16%.
Important information
As always, remember that the cryptocurrency market is highly volatile—making thoughtful analysis essential before investing.
Our full review of the Stacks cryptocurrency
Have recent price actions and on-chain dynamics propelled Stacks back into the spotlight among institutional and retail crypto portfolios? After a comprehensive review of Stacks’ performance trends over the past three years, leveraging proprietary analytics that synthesize on-chain signals, technical indicators, market intelligence and competitive benchmarking, fresh participants have started to look at Stacks through a new, more bullish lens. So, why could 2025 mark a compelling re-entry point into the thriving Bitcoin layer ecosystem via Stacks, and what does the asset’s trajectory signal for informed positioning?
Stacks Recent Performance and Market Context
Price Evolution
Stacks (STX) has exhibited remarkable resilience and growth over the past three years, transforming from a speculative side project into one of the most prominent smart contract layers anchored to the Bitcoin network. The current year has been especially indicative of renewed market interest, with STX’s price appreciating from a low of $0.52 in late 2022 to highs above $3.20 in Q1 2024, and currently consolidating within the narrow $1.90–$2.10 band (data as of June 2024). This consolidation phase follows a significant rally triggered by the wider Layer-2 and Bitcoin DeFi narrative, placing STX’s market capitalisation north of $2.9 billion and validating its newfound status as a top 40 crypto asset.
Positive Recent Events
- Successful implementation of the Nakamoto upgrade, facilitating faster, more final Bitcoin-secured settlement for Stacks dApps.
- Accelerated inflows into BTC-native DeFi protocols, with Stacks consistently ranking as the prime gateway for builders.
- Listings on major exchanges (including Binance and Coinbase) have expanded access and further deepened market liquidity.
- Launch of new Bitcoin-native NFT standards, attracting a robust wave of developer activity and cross-chain integrations.
Favourable Macro and Sector Backdrop
The broader macroeconomic environment continues to support digital asset adoption. Institutional engagement with Bitcoin is at an all-time high, fuelled by US spot Bitcoin ETFs and expanding regulatory recognition. Within this context, the search for scalable smart contract capabilities on Bitcoin—long considered a technical limitation—has never been more intense. Stacks’ leading role in this emergent “Bitcoin economy” positions it at the heart of a sector-wide shift towards native programmability anchored by the world’s most secure blockchain.
Technical Analysis
Key Crypto Indicators
- RSI (Relative Strength Index): Currently trades near 52, indicating neutral momentum and significant upside room before entering overbought levels.
- MACD: The moving average convergence divergence is showing an early bullish crossover, suggesting momentum is gradually tilting back in favour of buyers.
- Moving Averages: Both the 20-day and 50-day exponential moving averages (EMA) have recently trended upwards and now act as dynamic support zones around the $1.82 and $1.97 levels, respectively.
Solid Support and Bullish Reversal Signals
- STX has defended the vital $1.80–$1.95 support band across multiple retests, a level that has historically catalysed fresh legs higher.
- An ascending triangle formation is developing on the daily timeframe, with breakout potential above $2.18 likely to confirm renewed bullish structure.
- Weekly trading volumes remain robust, demonstrating healthy liquidity and reflecting conviction among market participants.
Short- to Medium-Term Structural Favourability
- The technical landscape remains constructive: volatility compression and range-bound action are often precursors to powerful directional moves, with charts suggesting a breakout into the $2.60–$3 range is plausible on positive news or protocol upgrades.
Fundamental Analysis
Accelerating Adoption and Strategic Partnerships
- Surging developer engagement: More than 40,000 smart contracts have now been deployed on Stacks, with Q1 2024 data showing a 38% year-on-year growth in active developers.
- Flagship partnerships: New strategic alliances with decentralised web, NFT, and institutional custody platforms are expanding the use-case landscape for STX.
- Ecosystem diversification: The emergence of Bitcoin-centric DeFi (BTC-Fi) and NFT primitives built atop Stacks has triggered a surge in on-chain activity and TVL (Total Value Locked), currently estimated at $270 million.
Attractive Relative Valuation
- Market Cap: At just under $3 billion, Stacks retains further upside potential when compared to alt-Layer-1 and major Ethereum Layer-2 competitors, many of which trade at substantially higher fully diluted valuations despite lower levels of developer and user traction.
- Tokenomics: Scarcity is reinforced by an emission schedule that aligns closely with adoption metrics, further bolstering the fundamental value proposition.
- TVL (Total Value Locked): As capital migrates towards BTC-native dApps, Stacks’ TVL has climbed steadily, outpacing several established L2s on key velocity metrics.
Structural Advantages: Technology, Community, Differentiation
- Innovation: The Nakamoto upgrade and Bitcoin finality are proving key differentiators, allowing Stacks dApps to inherit Bitcoin’s unmatched security while executing Turing-complete smart contracts.
- Active community: Developer grants, hackathons and frequent governance proposals have cultivated a vibrant ecosystem, with over 250 distinct projects live or in advanced stages.
- First-mover advantage: As the leading programmable extension to the Bitcoin base layer, Stacks enjoys clear brand and technical differentiation compared to other Layer-2 solutions, fostering network effects that are hard to replicate.
Volume and Liquidity
- Active trading: Average daily spot trading volumes consistently exceed $70 million in June, facilitating effective entry and exit at scale for both retail and institutional participants.
- Market dominance: Stacks has climbed into the top rankings for Bitcoin-adjacent assets, increasing its profile among asset managers seeking exposure to “BTC-Fi” innovations.
Catalysts and Positive Outlook
- Upcoming upgrades: The next-phase Clarity smart contract improvements and native BTC asset bridging are on the horizon, with mainnet deployment expected within the next three quarters.
- Major integrations: Ongoing efforts to link Stacks with Ethereum and Solana via decentralised bridges promise to unlock new cross-chain liquidity streams.
- Regulatory clarity: Positive signals from US and EU regulators positioning Bitcoin-adjacent ecosystems as compliant have emboldened institutional allocation.
- Emergent use cases: Early-stage pilots in Bitcoin-native asset issuance, DeFi lending, and advanced NFT protocols have already demonstrated substantial market pull.
Investment Strategies
Arguments for Short-Term Entries
- Technical inflection: A sustained breakout above $2.20 could trigger rapid momentum continuation; opportunistic traders may capitalise on breakout or retest setups.
- Catalyst runway: Scheduled developer events and imminent protocol proposals provide multiple triggers for volatility and positive revaluation.
Medium-Term Positioning
- Pre-upgrade accumulation: Accumulating during flat or corrective price phases prior to protocol upgrades has historically yielded outperformance.
- Rotation from lagging L2 assets: As capital redistributes from exhausted narratives in Ethereum L2s, Stacks could capture outsized flows, positioning investors for relative-value alpha over the next 6–12 months.
Long-Term Strategic Approaches
- Bitcoin ecosystem play: For investors seeking exposure to long-term growth in the Bitcoin economy, STX stands as a core allocation given its unmatched leverage to programmable BTC and secular sector tailwinds.
- Active rebalancing: Dollar-cost averaging or periodic rebalancing according to ecosystem milestones may help capture extended upside while managing volatility.
Stacks Price Predictions
Year | Projected Price (USD) |
---|---|
2025 | 2.69 USD |
2026 | 3.56 USD |
2027 | 4.58 USD |
2028 | 5.95 USD |
2029 | 7.52 USD |
Is Now the Right Time to Consider Stacks?
Stacks’ fundamentals continue to justify renewed investor interest: robust technical structure, deep and growing liquidity, sustained developer traction, and a game-changing position as the prime smart contract layer for Bitcoin. The convergence of protocol upgrades, accelerating developer momentum and early institutional adoption paints a distinctly optimistic outlook. At current levels near major supports and with price projections pointing higher across multiple horizons, Stacks seems to represent an excellent opportunity for participants seeking exposure to Bitcoin-native innovation on an established, fast-maturing platform.
Stacks remains a high-volatility crypto asset, yet its accelerating momentum and planned technological improvements could open a new era of value creation. The technical inflection zones, currently near $1.95 for support and $2.20 as the next resistance, warrant close monitoring, while the anticipated protocol enhancements and ecosystem growth through 2025 are poised to serve as powerful upward catalysts. The stars appear aligned for Stacks to commence a new bullish leg and claim a significant role at the forefront of Bitcoin’s expanding programmable frontier.
How to buy Stacks?
It is straightforward and secure to buy Stacks cryptocurrency online through a regulated platform in the UK. Investors can generally choose between two main approaches: direct spot purchase, which gives you real ownership of Stacks, or trading Stacks via cryptocurrency CFDs, which lets you speculate on price movements without owning the coins. Each method suits different investor profiles and objectives. For more details on how platforms compare—including fees and features—please see the comprehensive comparison guide further down this page.
Spot Purchase
Spot buying Stacks means acquiring the actual tokens, which you then hold in a personal or exchange wallet. This method gives you true ownership, allowing long-term holding or transfers. On regulated platforms in the UK, typical fees are a fixed commission per transaction—often around 0.5% to 1.5%, or a flat fee of approximately £3-£5 in GBP.
Example
Suppose the price of Stacks (STX) is £1.50 per coin. If you invest £1,000, you can acquire about 663 coins, after factoring in an average £5 transaction fee.
✔️ Potential Gain:
If the price of Stacks rises by 10%, your portfolio would be worth around £1,100. Result: a gross gain of £100, representing +10% on your investment.
Trading via CFD
Trading Stacks via CFDs (Contracts for Difference) means you do not actually own the cryptocurrency but instead take a position on its price movement, up or down. This method is often preferred by active or leveraged traders. CFD platforms in the UK charge a spread (difference between buy/sell prices) and may apply overnight financing fees if your position is held overnight.
Example
You open a CFD position on Stacks with £1,000 and use 5x leverage. This gives you exposure to £5,000 worth of Stacks.
✔️ Potential Gain:
If the STX price increases by 8%, your position gains 8% × 5 = 40%.
Result: a gain of £400 (before fees), starting from a £1,000 deposit.
Final Tip
Before investing, always compare the fees, available features, and terms offered by different platforms. The right method and platform depend on your individual goals, risk tolerance, and experience. For a clear side-by-side comparison, refer to the platform ranking further down this page.
Compare the best cryptocurrency exchanges in the UK!Compare platformsOur 7 tips for buying Stacks
📊 Step | 📝 Stacks-Specific Advice |
---|---|
Analyse the market | Review recent Stacks price trends, volume, and relationship to Bitcoin; assess overall sentiment and market cycles. |
Choose the right exchange | Select a regulated UK-friendly platform that supports Stacks (STX), offers strong security, and has transparent fees. |
Set your investment budget | Determine an affordable amount to invest in STX, considering its volatility and your personal financial situation. |
Select your investment strategy | Decide between short-term trading (capitalising on price swings) or long-term holding based on faith in Stacks utility. |
Follow news & tech developments | Keep up with the Stacks roadmap, upgrades, and partnerships, as these can impact STX price and long-term prospects. |
Use risk management tools | Set stop-losses, diversify across assets, and use only discretionary funds to reduce risks associated with Stacks. |
Sell at the right time | Plan exit points ahead, either based on target profit or signals from Stacks market trends and Bitcoin’s performance. |
The latest news from Stacks
Institutional crypto platform Copper.co has added Stacks support, enhancing institutional access for UK clients.
On June 10th, Copper.co — a major institutional digital asset custody and settlement provider based in London — announced it now supports custody and settlement for Stacks (STX), marking the first time a major UK-based service platform has directly enabled Stacks access for institutional and high-net-worth investors. This move reflects growing UK institutional interest in Bitcoin-native applications, given Stacks’ position as the leading Bitcoin L2 for smart contracts. The immediate impact is a demonstrable improvement in the legitimacy and practical integration of Stacks within the UK’s regulated crypto-financial ecosystem, potentially paving the way for wider adoption among regulated funds and wealth managers.
Leading UK exchange Coinpass lists Stacks, expanding regulated retail and business access in compliance with FCA requirements.
Coinpass, a prominent UK-registered and FCA-registered exchange, officially listed Stacks (STX) on its trading platform as of June 7th, enabling direct GBP trading pairs for both retail and professional clients. This listing gives UK residents and enterprises simplified, compliant exposure to Stacks, in line with the FCA’s evolving stance on digital asset offerings. The FCA registration and focus on compliance significantly de-risk participation in the Stacks ecosystem for UK-based investors, signalling rising acceptance and potential adoption trajectories in the British mainstream market.
The UK’s Smart Data Council cited Stacks as a reference platform in its June blockchain policy review.
On June 12th, the UK government’s Smart Data Council highlighted Stacks as a pioneering protocol for secure programmable digital asset applications on Bitcoin, within a broader policy document examining blockchain interoperability and digital asset regulation. This reference, emerging from one of the highest advisory bodies on innovation policy, signals growing official recognition of Stacks’ technical capabilities and its potential role in supporting high-assurance digital asset operations within UK industry sectors. It’s a pivotal endorsement that could influence future regulatory and technological adoption locally.
Stacks-powered UK NFT platform Arkham Arena reported record user participation and project launches this week.
Arkham Arena, a UK-founded NFT and gaming platform built on Stacks, announced on June 13th that weekly active users doubled following their latest feature additions and local marketing campaign, with several new NFT launches by public figures in UK sports and entertainment. This surge in user activity demonstrates real grassroots adoption of the Stacks protocol among British creators and collectors, reinforcing narratives of practical utility and active community engagement in the UK market for Stacks-powered apps.
Research from London-based blockchain analytics firm Elliptic cited a drop in illicit activity on Stacks protocols.
A June 11th report by Elliptic highlighted that Stacks-based applications showed a significant reduction in illicit transfer volumes over the last quarter, well below comparable L2s. This trend, attributed to improved in-protocol compliance features and stronger KYC partnerships, enhances the protocol’s reputation among UK regulators and regulated financial entities. It supports the narrative that Stacks is a safer, more compliant choice for British investors and may encourage greater institutional and enterprise participation in the ecosystem.
FAQ
What is the latest staking yield for Stacks?
Currently, Stacks does not have a traditional staking mechanism like some other cryptocurrencies. Instead, it features “Stacking,” where holders can temporarily lock their STX tokens to support the network and earn Bitcoin (BTC) rewards. The average yield can vary, and the main platform for participating is the official Stacks wallet. The process involves cycles lasting approximately two weeks, and rewards are paid in Bitcoin, offering a unique incentive compared to most crypto projects.
What is the forecast for Stacks in 2025, 2026, and 2027?
Based on today’s value (£1.80 per STX), projected prices could reach around £2.70 by the end of 2025, £3.60 by 2026, and £5.40 by 2027. This optimistic outlook is supported by Stacks’ growing relevance in bringing smart contracts and DeFi possibilities to the Bitcoin network. This unique positioning could fuel further interest from developers and investors as the crypto sector matures.
Is now a good time to buy Stacks?
Stacks stands out thanks to its mission to expand Bitcoin’s functionality with smart contracts and decentralised apps. Its ecosystem is experiencing robust growth, and recent partnerships highlight strong momentum. With current positive trends in Bitcoin Layer 2 solutions and increasing developer activity, Stacks could offer long-term potential for those seeking innovative crypto projects.
What is the applicable tax on capital gains from cryptoassets in the UK (including Stacks)?
In the UK, profits from selling cryptoassets like Stacks are generally subject to Capital Gains Tax. Individuals must report gains above the annual exemption (£6,000 for 2023/24 tax year), and the rate depends on total taxable income. There’s an obligation to keep detailed transaction records and file the correct declarations, ensuring compliance with HMRC requirements for all crypto investments, including STX.
What is the latest staking yield for Stacks?
Currently, Stacks does not have a traditional staking mechanism like some other cryptocurrencies. Instead, it features “Stacking,” where holders can temporarily lock their STX tokens to support the network and earn Bitcoin (BTC) rewards. The average yield can vary, and the main platform for participating is the official Stacks wallet. The process involves cycles lasting approximately two weeks, and rewards are paid in Bitcoin, offering a unique incentive compared to most crypto projects.
What is the forecast for Stacks in 2025, 2026, and 2027?
Based on today’s value (£1.80 per STX), projected prices could reach around £2.70 by the end of 2025, £3.60 by 2026, and £5.40 by 2027. This optimistic outlook is supported by Stacks’ growing relevance in bringing smart contracts and DeFi possibilities to the Bitcoin network. This unique positioning could fuel further interest from developers and investors as the crypto sector matures.
Is now a good time to buy Stacks?
Stacks stands out thanks to its mission to expand Bitcoin’s functionality with smart contracts and decentralised apps. Its ecosystem is experiencing robust growth, and recent partnerships highlight strong momentum. With current positive trends in Bitcoin Layer 2 solutions and increasing developer activity, Stacks could offer long-term potential for those seeking innovative crypto projects.
What is the applicable tax on capital gains from cryptoassets in the UK (including Stacks)?
In the UK, profits from selling cryptoassets like Stacks are generally subject to Capital Gains Tax. Individuals must report gains above the annual exemption (£6,000 for 2023/24 tax year), and the rate depends on total taxable income. There’s an obligation to keep detailed transaction records and file the correct declarations, ensuring compliance with HMRC requirements for all crypto investments, including STX.