The price of Stacks (STX) has been trying to stay afloat for the past couple of weeks, as it has gained an impressive 28.9% in the last 30 days. However, Stacks’ (STX) price has had a massive downfall from its all-time high. This has caused a lot of investors to almost lose hope in the project.
On the other hand, experts are urging STX investors to switch their portfolios to a new hybrid token that is sure to outperform Stacks (STX) in 2023. This new hybrid token has a utility that makes it coveted by both investors and crypto gamers alike.
In this article, we’ll delve into expert price analysis on Stacks (STX). We’ll also discuss the important intricacies of this new hybrid token and why analysts believe it will outperform Stacks (STX) by a wide margin.
Stacks (STX) Price Prediction For 2023
Stacks (STX) is an interesting blockchain technology that gives smart contracts and decentralised applications the ability to use Bitcoin as an asset and means of settlement on their platform. This utility makes Stacks a Bitcoin later for smart contracts.
Since Bitcoin is the largest, most valuable, and durable decentralised asset, it is coveted by blockchain experts for its numerous smart contracts and decentralised applications. Now, the Stacks (STX) blockchain technology is able to unlock $500 billion in BTC capital using the Bitcoin L1 as settlement for decentralised applications.
The price of the Stacks (STX) token has dropped by over 4% in the last 14 days and has gained over 33% in the last 30 days. It is obvious the price of STX has yet to stabilise, and investors are fearing it might still plummet to an all-time low before the end of the year.
Expert chart analysis on Stacks (STX) shows that the price of the token rejected a very strong resistance level at the $1.15 price region. This caused the price to retrace to a support level at the $0.5 mark. If this support zone is able to successfully hold the price above it, we may see the price of Stacks (STX) soar as high as $1.67.
In the event the price breaks through the support level at the $0.5 price region, we may see the price of the stacks (STX) token slump as low as $0.20 before the end of Q3. This is why investors are strongly advising STX investors to hedge their position with a high-utility hybrid token like Pikamoon for quick portfolio recovery and massive profits in 2023.
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What Is Pikamoon?
Pikamoon is a leading P2E game that is poised to revolutionise the crypto industry with its token, $PIKA. $PIKA is the native token of the Pikamoon ecosystem and also the sole means of exchange in the Pikaverse, the metaverse of the Pikamoon game. This wide range of applications makes $PIKA a high-utility token.
Aside from this, $PIKA is a super deflationary token that is set to increase in value over time. This is achieved through the permanent burning of 5% of every $PIKA token used in the Pikamoon in-game marketplace. This burning mechanism will create a reduction in the amount of $PIKA tokens in circulation, thereby resulting in $PIKA scarcity in the Pikamoon ecosystem.
This will inherently raise the value of available $PIKA tokens, thereby making gamers and investors who hold $PIKA tokens richer. This is why experts believe Pikamoon is an ideal investment for investors who are looking for consistent long-term gains in their portfolios. There’s more!
The Pikamoon project is being led by forward-thinking crypto and blockchain experts who prioritise the success of the project above anything else. This is evident in their token distribution, which includes a vesting period of 36 months for every team member and advisor.
This shows that the Pikamoon team is in this for the long haul and is willing to go the extra mile to ensure the success of the project. Knowing this, investors are now willing to dump other coins in their portfolios to bag as many $PIKA tokens as they can in the ongoing Pikamoon presale.
Pikamoon Presale
The Pikamoon presale is the biggest discount offer going on in the industry presently. For a high-value utility token like Pikamoon, the $0.0006 for which the $PIKA token is selling in the third round of the presale is definitely a steal.
This is why investors and crypto whales are rushing to the Pikamoon presale to amass as many $PIKA tokens as they can before the price skyrockets.
Don’t miss out on the biggest opportunity to become a crypto millionaire in 2023. Get on the Pikamoon presale today!
Find out more about Pikamoon (PIKA):
Buy Now: https://pikamoon.io/buy
Website: https://pikamoon.io
Twitter: https://twitter.com/Pikamooncoin
Telegram: https://t.me/pikamoonofficial
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