Let’s take a look at Stacks Price Analysis. STX is rallying aggressively, with bulls targeting March highs. However, BRC-20 investors are looking at the ongoing viral 99Bitcoins presale (and you don’t want to miss this one).
Crypto is once more rising. Bitcoin, Ethereum, and most altcoins are in green after a brief period of consolidation.
When Bitcoin broke $71,000 yesterday before recoiling to spot rates, it lifted altcoins (considering the positive correlation).
However, the biggest beneficiaries of this uptick have been Bitcoin-related tokens, mainly Stacks (STX).
Massive buying pressure today for @Stacks on Coinbase and Binance. Whales eating the order book with constant bids. There is not enough $STX on exchanges to meet the crazy demand right now. Supply shock playing out. Higher. pic.twitter.com/KNdyP6wQyf
— Sakemate (@apebayc) June 5, 2024
Stacks Price Analysis: STX Is Up +25% In A Week – Here’s Why
Stacks is a popular scaling project, especially among BRC-20 projects and protocols looking at deploying Bitcoin-based tokens.
Think of all BRC-20 tokens that have captured investor interest as this scene flourishes. Stacks is actively expanding as a layer-2 and has nearly 50 apps, including those in DeFi and more.
On June 13, Stacks will showcase some of the platform’s most successful dApps. One week before this event, STX is rallying, adding 6% in the past day and roughly 25% in the previous week.
(STXUSDT)
The welcomed recovery follows a 50% dump from March 2024 highs when it peaked at $3.8. As things look, STX has found a base at $1.8, with bulls angling for a 60% surge to 2024 highs.
Is 99Bitcoins Token the Best New BRC-20 Token Presale?
While STX is rallying, investors are closely monitoring 99Bitcoins in the ongoing 99BTC presale.
99Bitcoins is relaunching as a learn-to-earn (L2E) project after providing educational content for over a decade.
The L2E model allows users to expand their crypto knowledge while receiving 99BTC ERC-20 tokens as a reward for their engagement.
The authoritative media outlets aim to simplify complex concepts and make crypto investing more accessible, regardless of location.
So far, the 99Bitcoins presale is viral, raising nearly $2 million. Interestingly, there are no signs of this slowing down.
There are 99 billion 99BTC as total supply. However, only 10.50% are set aside for this on-demand and viral presale.
Currently, each 99BTC is available for $0.00108. Analysts are super bullish on its prospect, predicting the token to rally by over 50X, emerging as a leader in the L2E scene.
As things stand, the 99Bitcoins gamified approach to crypto education is attracting a large and enthusiastic community. Users can earn 99BTC by completing courses and quizzes.
The cool thing is that the 99BTC utility extends beyond education.
Token holders can choose to stake, receiving rewards exceeding 858% APY. Currently, over 1.2 billion 99BTC tokens have been staked.
14% of the total supply will be used to distribute staking rewards.
99Bitcoins is also airdropping $99,999 worth of BTC to community members to incentivize participation.
Over 11,400 people are interested in receiving BTC airdrops with less than 43 days before the campaign ends.
EXPLORE: Bitcoin Breaks $71,000 But There Is A Big Problem In The Futures Market
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.
