Stacks Trading 34.1% Lower Over Last 7 Days (STX)

Stacks (STX) traded 12.5% lower against the US dollar during the twenty-four hour period ending at 16:00 PM ET on August 5th. Stacks has a market capitalization of $1.28 billion and $325.07 million worth of Stacks was traded on exchanges in the last 24 hours. Over the last week, Stacks has traded down 34.1% against the US dollar. One Stacks coin can now be bought for about $1.22 or 0.00002275 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• 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 down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 4.6% against the dollar and now trades at $0.0118 or 0.00000022 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Stacks

Stacks (STX) uses the hashing algorithm. Its launch date was February 17th, 2015. Stacks’ total supply is 1,818,000,000 coins and its circulating supply is 1,048,765,672 coins. The official website for Stacks is stacks.co. Stacks’ official Twitter account is @stacks and its Facebook page is accessible here. Stacks’ official message board is blog.stacks.co. The Reddit community for Stacks is https://reddit.com/r/stacks and the currency’s Github account can be viewed here.

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

STX/USD price chart by TradingView