Ledger Supported Coins & Tokens

If the STX price moves above any of these averages, it is generally seen as a bullish sign for Stacks. Conversely, a drop below an important moving average is usually a sign of weakness in the STX market. Some traders try to identify candlestick patterns when making cryptocurrency price predictions to terareum crypto price try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA).

Additional costs for any other non-standard delivery method chosen by you at your discretion will not be eligible for refund. Read, understand, and sign transactions with confidence on the world’s first palm-sized, curved E Ink® touch screen. Stax is a simple & secure way to transfer money, buy airtime, & pay bills in Africa without dialling USSD codes or relying on an internet connection. Currencies that are positively correlated with Stacks indicate that the movement of one has a statistically significant weight to lead the other in the same direction.

Stacks Key Price Levels

The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action. Stacks traders use a variety of tools to try and determine the direction in which the STX market is likely to head next. These tools can roughly be divided into indicators and chart patterns. Many cryptocurrency traders pay close attention to the markets when the current Stacks price crosses an important moving average like the 200-day SMA.

STAX is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available. In the future, STAX will integrate new stablecoins as they join Binance Smart Chain and help provide the first liquid venue for these stablecoins to gain adoption. Currently, the Stacks Fear & Greed Index stands at 51, which means that investors’ sentiment is in the so-called Neutral zone. To get a better idea of what could happen to the Stacks price in the future, it’s helpful to also explore Stacks’s price history. The device will retail for US$279, which is almost double the price of the Nano X at US$149 and more than triple the price of the Nano S Plus at US$79. You can also manage NFTs on a number of other blockchains when you use your Ledger Stax in conjunction with a third-party wallet.

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Most traders use candlestick charts, as they provide more information than a simple line chart. 1-hour, 4-hour and 1-day candlestick charts are among the most popular. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Stacks’s price action in 1-hour chunks. Each candlestick will display STX’s opening price, closing price, as well as the highest and lowest prices that Stacks reached within the 1-hour period. 50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels.

StableXSwap is a stablecoin-focused AMM-style decentralized exchange built on Binance Smart Chain. Similar to what Curve.fi did for the Ethereum DEX space, StableXSwap describes itself as the first DEX featuring lower slippage and lower fees for the trading of stable assets. With minimized impermanent loss and lower gas fees on Binance Smart Chain, the swap mechanism is ideal for casual users and experienced arbitrageurs alike.

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He worked in Ghana and Venezuela before earning a degree in applied linguistics at Teachers College, Columbia University. He also taught writing and entertainment business courses in Japan and worked with UNICEF in Namibia before returning to the US to teach at universities in New York City. Earlier in his career, he spent years working as a publicist and graphic designer for record labels like Warner Music Group and Triple Crown Records. During that time, he was also a music journalist whose writing and photography was in published in Alternative Press, Spin and other outlets. The device’s Bluetooth connectivity combined with its touchscreen make it the most convenient yet secure hardware wallet for managing your crypto on the go. The Ledger Stax offers the same level of security as Ledger’s other wallets – including the Nano X and the Nano S Plus – but with a new level of usability.

This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. When trying to make a Stacks forecast, many traders also try to monitor the activity of STX “whales”, which are entities and individuals that control large amounts of STX. Since the Stacks market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Stacks’s price movements.

Stacks Price Forecast Based on Technical Analysis

Based on multiple technical quantitative indicators, the current forecast for Stacks in 2023 is bearish. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Stacks or not. According to our Stacks prediction algorithm, the price of Stacks will not reach $1,000. The highest expected price our algorithm estimates is $ 39.98 by Jan 1, 2049. According to our Stacks prediction algorithm, the price of Stacks will not reach $100.

• This allows you to manage over 5,000 coins and tokens as well as NFTs on multiple blockchains.
• You can also manage NFTs on a number of other blockchains when you use your Ledger Stax in conjunction with a third-party wallet.
• Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions.
• According to our Stacks prediction algorithm, the price of Stacks will not reach $1,000.

You’ll be able to charge your Ledger Stax with wireless Qi charging, the same type of wireless charging supported by Samsung and Apple mobile devices. The charge can hold for months, especially if you don’t use the device frequently. Should the product certification not be obtained, Ledger will automatically issue the refund. After setting up your Ledger Stax, you’ll need to follow the steps outlined in this article to transfer your crypto from an exchange. If you want to send funds from a software wallet to your Ledger Stax follow this tutorial. Don’t worry, you’ll be able to access, manage, and retrieve your crypto as long as your Secret Recovery Phrase is safe and accessible only to you.

Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Frank Corva is a cryptocurrency writer and analyst for digital assets at Finder. Frank has turned his hobby of studying and writing about crypto into a career with a mission of educating the world about this burgeoning sector of finance.

Just like with any other asset, the price action of Stacks is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of STX. The market capitalization of Stacks can change significantly in a short period of time. The Stacks price prediction on CoinCodex is calculated using the historical Stacks price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years.

Will Stacks reach $100?

Moving averages are among the most popular Stacks price prediction tools. As the name suggests, a moving average provides the average closing price for STX over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for STX is a sum of STX’s closing prices over the last 12 days which is then divided by 12. The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Stacks. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.