If they deem the asset’s outlook is good, then they should consider investing. Rather than asking whether it’s “too late” to buy an asset, they should instead be doing is thinking about an asset’s long-term price performance outlook. They should stick to their usual analysis process to determine whether or not an investment presents a good risk-reward or not. Investors should always try to keep their heads. When an asset has been rallying hard, investors feeling FOMO might through caution to the wind and abandon their usual research and due diligence in favor of “aping” into an investment. This is a dangerous emotional state to be in. When investors start asking themselves whether or not it is “too late” to buy an asset, that suggests an element of “Fear Of Missing Out” (FOMO) is creeping into their mindset. What is Stacks L2? Details and links👇- muneeb.btc February 20, 2023 A break above here could open the door to a quick surge towards the key long-term $1.7-90 balance area.įor those who are interested in learning more about Stacks, check out this thread by the protocol’s co-creator, who goes by the Twitter handle of mega thread on Stacks, a Bitcoin L2. There aren’t any notable resistance levels now until around $1.0 per token. Should the Stacks ecosystem continue to strengthen and should the price of Bitcoin continue to rise – BTC is currently threatening a breakout to new eight-month highs above $25,000 – then STX could continue to see impressive gains in the weeks and months ahead. Stacks still benefits from the underlying security of the Bitcoin blockchain, after all, even if NFTs minted via various NFT marketplace protocols running on the Stacks protocol, like Gamma.io, aren’t minted directly onto the Bitcoin blockchain like Ordinals.Īccording to DappRadar, Gamma.io NFT trading volume has spiked in the last month, jumping 1000% (11x). The surge in popularity of Ordinals seems to be boosting the popularity of Bitcoin scaling solutions, like Stacks, which may offer users a cheaper and more efficient way of minting NFTs within the Bitcoin ecosystem.

The launch of the Ordinal protocol last year, which allows users to mint NFTs directly onto the Bitcoin blockchain, has proven a massive success – according to a Yahoo Finance article, over 100,000 Ordinal NFTs have now been minted directly onto the Bitcoin blockchain. The recent pump marks a decisive breakout from the bear market that had dominated since late 2021.Īnalysts put the recent pump down to the strengthening narrative of non-fungible tokens (NFTs) existing within a Bitcoin-centred cryptocurrency ecosystem. Its latest surge has seen it leave all of its major averages, all of which are in the upper-$0.20s to lower-$0.30s area, in the dust.

However, after Sunday’s huge 62% pump, the cryptocurrency is still trading higher by close to 180% on the year. STX/USD was last changing hands around $0.5750, down around 8% on the day and lower by around 30% versus the nine-month highs it hit earlier in the session in the $0.84 area. STX, the cryptocurrency that power’s the Stacks protocol, a layer-2 scaling solution built on top of Bitcoin that aims to bring smart-contract programmability to the Bitcoin ecosystem, is pulling back on Monday after seeing a big pump on Sunday.

Stacks crypto price prediction 2025