Stacks (STX) Self Reported Market Cap Achieves $1.00 Billion

Stacks (STX) traded 6.5% lower against the US dollar during the 24 hour period ending at 8:00 AM E.T. on February 6th. Stacks has a total market capitalization of $1.00 billion and approximately $55.28 million worth of Stacks was traded on exchanges in the last day. One Stacks coin can now be purchased for about $0.95 or 0.00000968 BTC on major cryptocurrency exchanges. In the last seven days, Stacks has traded 26.3% lower against the US dollar.

Here is how other cryptocurrencies have performed in the last day:

• GMX (GMX) traded 0.6% higher against the dollar and now trades at $17.10 or 0.00017348 BTC.
• 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 2.2% lower 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.
• SolvBTC (SOLVBTC) traded up 0.3% against the dollar and now trades at $98,520.36 or 0.99944674 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 0.6% against the dollar and now trades at $98,170.70 or 0.99589966 BTC.

Stacks Coin Profile

Stacks (STX) uses the hashing algorithm. It launched on February 17th, 2015. Stacks’ total supply is 1,511,976,674 coins and its circulating supply is 1,048,765,672 coins. 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. Stacks’ official website is stacks.co. Stacks’ official message board is blog.stacks.co.

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 buy alternative cryptocurrencies such as Stacks directly using U.S. dollars. Investors seeking to trade Stacks should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Stacks using one of the aforementioned exchanges.

STX/USD price chart by TradingView