Stacks Reaches Self Reported Market Capitalization of $1.68 Billion (STX)

Stacks (STX) traded down 6.9% against the US dollar during the twenty-four hour period ending at 8:00 AM E.T. on November 1st. One Stacks coin can now be bought for approximately $1.61 or 0.00002290 BTC on cryptocurrency exchanges. Stacks has a market capitalization of $1.68 billion and approximately $81.85 million worth of Stacks was traded on exchanges in the last 24 hours. Over the last week, Stacks has traded down 10% against the US dollar.

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

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower 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.
• 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 3% lower against the dollar and now trades at $69,973.87 or 0.99802915 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 3.4% lower against the dollar and now trades at $69,650.02 or 0.99341011 BTC.

About Stacks

Stacks uses the hashing algorithm. It was first traded on February 17th, 2015. Stacks’ total supply is 1,498,970,379 coins and its circulating supply is 1,048,765,672 coins. The official message board for Stacks is blog.stacks.co. Stacks’ official Twitter account is @stacks and its Facebook page is accessible here. The official website for Stacks is 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 currently possible to purchase alternative cryptocurrencies such as Stacks directly using U.S. dollars. Investors seeking to acquire Stacks should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. 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