In this post, I will discuss the price outlook and chart flow of Stacks coin STX. In early December, President Trump, who is friendly to cryptocurrencies, was elected in the US presidential election, causing Bitcoin to first break the $100,000 mark, and on January 20, it rose to the current peak of $109,000, continuing its upward trend.
However, the good trend was briefly interrupted by the recent tariff war in the United States, causing it to drop to $74,000, but fortunately, it has successfully rebounded and is currently trading around $94,000.
What kind of cryptocurrency is STX?
Market capitalization: 1.8987 trillion won (as of April 26, 2025)
Current circulating supply: 1,523,089,817
Total issuance limit: 1,523,099,817
Initial issuance date: October 2018
Stacks is a blockchain platform created to enable smart contracts and DApp development on the Bitcoin network. It has the feature of using Gaia, a user storage control system that allows apps to interact with and secure personal data.
Since it operates only on the Bitcoin network, it fundamentally uses the proof-of-work (PoW) security method, but its own DApp uses the proof-of-transfer (PoX) consensus method. Additionally, there is an advantage in that it has introduced a new language called Clarity, which makes it easy to program smart contracts.
Stacks coin serves as the native token within the ecosystem, handling transactions, paying fees, and rewarding miners and app developers.
It was started to solve the problem of not being able to program on the Bitcoin network due to security issues, and it appears that it will attract investments from various well-known venture capitals and add necessary protocols and DApps to open the era of distributed computing, so a positive price outlook can be expected.
STX listing exchanges and basic information
Recently, the proportion of Stacks coins was slightly less than 1/4 at 23.44% based on the last 24 hours.
In addition, it is listed on various global exchanges such as Binance, Bybit, Coinbase, OKX, Bitget, MEXC, and Gate.io, and can also be traded on Bithumb domestically.
STX is currently moving around $0.86, down 3% from the previous day. The total issuance is about 1.5 billion, with almost all of it, corresponding to 100%, issued and being traded, with a market capitalization of 1.9 trillion won, ranking 60th.
Looking at the official X, it was actively posting until 9 hours ago and maintaining communication, but no significant news or issues could be found.
Recently, due to the tariff war started by President Trump, Bitcoin has shown an upward trend, breaking the $90,000 mark after a correction, but today it does not seem to attract attention from investors.
Now, let's take a look at how the trend has been from the past to the present.
STX price outlook and chart flow
Stacks coin, which was listed at 2,950 won in April 2021, rose to 5,725 won on the same day, forming the current peak, but after that, it underwent a correction and fell to 592 won in June 2021.
In November 2021, it recovered to 4,000 won, but due to the decline that started again, it fell to the current low of 257 won in December 2022.
Fortunately, it succeeded in rebounding afterward, continuing an upward trend, and in March 2024, it rose to 5,483 won, reaching a position similar to its peak.
Due to the recent correction that started while moving in the mid-3,000 won range a year ago, it fell to 1,500 won on August 5, known as Black Monday.
Afterward, after sideways movements and rebounds, it managed to break through 4,000 won again in December 2024, but fell to 716 won on April 7 due to the simultaneous correction of Bitcoin and the tariff war initiated by President Trump.
Recently, it attempted to rebound and is currently trading in the mid-1,200 won range.
Since 1,000 won seems to be the first support level, it will be important to see if this position holds, and since around 1,300 won is confirmed as the next resistance level, if it breaks through here, additional gains can be expected.
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