Bitcoin Beta Plays Are Back on Map After Stacks Price Explodes 10%

Bitcoin beta plays are emerging, and Stacks’ price is on fire, with the STX price adding 10% in 24 hours—could this fuel the new BRC-20 pump?

Crypto prices might be higher at spot rates, but nothing prevents it from being a dead cat bounce. Bitcoin is up roughly 10% from last week’s lows and is struggling to pierce $60,000, a psychological level.

This weakness in momentum means that sellers are still in a commanding position. If anything, there is a possibility of BTC shrinking some more in the sessions ahead. The good news is that there are numerous crypto projects, some built on Bitcoin.

$STX time for bullas? pic.twitter.com/Ju6qaPkXK2

— QBS (@qbs_crypto) July 11, 2024

Stacks Price Rallying: STX Adds +32% In 10 Days

Stacks, a layer-2 solution introducing smart contracts on Bitcoin, is being closely monitored by investors.

STX, the native token, is up 10% in 24 hours, and trading volume is up 2X, according to CoinMarketCap.

(Source)

The upsurge is primarily due to renewed discussions on the need for a robust and highly performant layer-2 scaling solution for Bitcoin. This will massively benefit Stacks now that there is congestion due to the influx of BRC-20 tokens.

Stacks extends Bitcoin’s functionality by allowing projects to launch dApps, leveraging the security and decentralization of the Bitcoin network.

STX serves as a medium of exchange and for paying fees. At spot rates, STX is reversing after plunging by roughly +70%. The token is up +32% from June 2024 lows and is firm.

(STXUSDT)

If the uptrend is to continue, STX price must break $1.8, paving the way for extensions toward $2.4.

99Bitcoins Presale Raises Over $2.3 Million: A Better Bitcoin Beta Play?

While Stacks is edging higher, eyes are on the ongoing 99Bitcoins presale and its 99BTC token.

At its core, 99Bitcoins plans to relaunch and release a Learn-to-Earn (L2E) platform that rewards users who want to learn more about crypto.

All you have to do is complete courses, answer questions, and more–provided you learn.

The overhaul comes after more than ten years. During this time, 99Bitcoins has been actively educating the masses for free.

As of July 11, 99Bitcoins has nearly three million email subscribers and roughly one million more on YouTube.

Therefore, it is no surprise that the 99Bitcoins presale is on fire.

Over $2.3 million has been raised, with each token changing hands for $0.00113.

Those who want to buy 99BTC now can use USDT, ETH, BNB, or even their debit or credit cards.

Though 99BTC exists as an ERC-20 token, the goal is to eventually transit to a BRC-20 token on Bitcoin.

99Bitcoins will also launch a DEX.

There are elements of DeFi in the ongoing presale.

99BTC investors can wait for price gains on launch or earn more by staking.

So far, the project offers a 704% APY for stakers, attracting over 1.5 billion 99BTC.

For what’s on offer, supporters think 99BTC is trading at a massive discount and will easily 100X on launch.

BUY 99BTC HERE

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.