Stacks Nears $2 as 99Bitcoins Token Pre-Sale Raises $2.3M

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Stacks Sees Massive Growth as Institutions Renew Investments in Bitcoin, While 99Bitcoins Token Pre-sale Gains Momentum with Nearly $2.5M Raised

Institutions have started buying Bitcoin again, and that’s been a huge boon for its ecosystem tokens like Stacks, which is up 12% to $1.66 today. So could STX be poised to continue its rally toward $2?

Stacks are poised for further gains amid favorable market dynamics

Everything seems to be going well for Stacks to have explosive growth towards the end of 2024.

Stacks is the largest Bitcoin layer 2 protocol. Being a layer 2 means that its users can transact faster and at a lower cost than the main Bitcoin network.

However, Stacks also offers unique innovations, such as the ability to run smart contracts.

The project’s proximity to Bitcoin, combined with its technological upgrades, means that its price often mimics that of the market leader, but with more marked increases.

Analyst Red pointed out that Stacks has significantly outperformed Bitcoin in 2023 and called it “the beta of BTC.”

And continuing this trend, while Bitcoin is up 89% this year, Stacks is up over 140%. Fundamentally, Stacks will do well if BTC continues to gain momentum.

And developments in recent days suggest that is exactly what will happen. Germany’s Bitcoin reserves are falling, while Bitcoin ETF inflows are rising after weeks of negative momentum.

Italian: https://twitter.com/Flowslikeosmo/status/1811080156213301405

This represents a turning point in BTC’s supply and demand dynamics. Furthermore, with issues such as the US presidential election and the expected interest rate cuts to come later this year, all signs point to a rise in BTC price, which translates into stronger gains for Stacks.

Turning to Stacks’ technical outlook, analyst “World of Charts” believes it has reached a key support level and will now undergo a bullish reversal.

He pointed out that STX has been trading inside a descending channel and that this will precede a 2x bullish rally.

Indeed, this is a positive outlook for Bitcoin’s leading layer 2, both fundamentally and technically. But it’s not the only token in the Bitcoin ecosystem that’s showing strength.

99Bitcoins Token Nears $2.5 Million in Pre-Sale

Stacks already has a market cap of $2.3 billion, so while there is significant upside potential, this could be outpaced by a new flavor like 99Bitcoin Token.

But while it may be new, this project is steeped in industry experience. The 99Bitcoins token is a new initiative from the acclaimed media outlet 99Bitcoins, which was launched in 2013 and is aimed at a broad audience.

The new 99BTC launch is part of its grand plan to enrich cryptocurrency education. It will start as an ERC-20 token before moving to Bitcoin’s BRC20 framework.

The project is building a Learn-to-Earn layer with gamified content and financial incentives. Users will earn 99BTC for completing courses, quizzes, and modules.

Martin Iyooh hailed the project as a “great opportunity” for users to “start making money online.” Martin’s point should not be overlooked. It reflects the revolutionary nature of crypto technology and its unique revenue sharing models that can reshape finance.

Previously, revenues went directly to CEOs, but decentralized crypto projects favor the average user.

Italian: https://www.youtube.com/watch?v=kI-uVB_2jhE

The project is currently under pre-sale and investors can buy at $0.00113. However, they should hurry because this price will increase as the pre-sale progresses.

To know more, Visit 99Bitcoins Token Pre-Sale.

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