Stacks [STX] Social Engagements Soar, Prices Follow Suit

  • Stacks Price Prediction 2023-2024: The social engagements, mentions and traction for Stacks (STX) has increased over 100% in the last 24 hours.
  • Bullish and Bearish Sentiment: Although the social engagement rate has gone down slightly, STX still has bullish tendencies with 95% increase in bull sentiment from 2 April to press time. However, bearish sentiment is also increasing.
  • Moving Average Convergence Divergence (MACD): The orange dynamic line of MACD has crossed the blue and crossed below the signal line indicating a bearish trend.

Stacks [STX] Price Prediction 2023-2024

The Bitcoin [BTC] layer for smart contracts, Stacks [STX], has seen its social engagements, mentions and dominance jump over 100% in the last 24 hours. This hike implies that community interaction, discussion and traction are at incredibly top levels from a social perspective. Despite this price hike subduing slightly, perception around the token still remains bullish with 95% increase in bull sentiment between 2 April and press time. Furthermore, the Moving Average Convergence Divergence (MACD) of STX shows that it is riding on a downward trend as indicated by orange dynamic lines crossing below the blue line and signal line.

Buyers vs Sellers Competition

As a new week begins investors have been noticing assets that were deprived of attention in the last seven days with STX being one such token. Buyers and sellers are currently competing for control which is causing an increase in price. According to LunarCrush average bearish sentiment also had an increasing trend indicating that STX was still subject to negative image despite its 316% 90-day price increase.

Total Value Locked (TVL)

Stacks‘ Total Value Locked (TVL), which measures amount of unique smart contract deposits in a protocol had been rapidly increasing until 25 March however since then it has significantly dwindled bottoming at $25.5 million implying lack of usability among investors.

Realistic Market Cap Expectations

Realistic or not here’s what STX’s market cap looks like in BTC terms indicating potential to establish an uptrend with traders being bullish on STX as evidenced by 20 EMA crossing 50 EMA back on 23 January maintaining same position at present time.


The metrics for Stacks indicate potential for establishing a new uptrend however it is still subject to negative image due to increasing bearish sentiment amongst investors as well as TVL decrease suggesting lack of usability amongst them .