![]() Federal Reserve’s efforts to curb inflation. At the moment, it’s difficult to assess exactly how much damage has FTX collapse has done to the crypto industry, since some affected crypto companies may be already secretly insolvent due to highly leveraged positions, as we have seen in the aftermath of Terra's implosion.Īccording to our estimates, it will take months for the full scale of FTX bankruptcy to become clear, so the turning point for the crypto market won’t come before late Q1 to early Q2 2023, although for now, it seems that the industry has absorbed most of the damage.Īnother market factor that should be taken into consideration is how successful will be the U.S. The current market sentiment is full of fear, uncertainty, and doubt (commonly known by the acronym FUD), as fears of FTX contagion mount. If you are looking to buy or sell Stacks, Binance is currently the most active exchange. STX has a circulating supply of coins and a total supply of. The platform is powered by its native STX token, which is used to pay gas fees for executing smart contracts, processing transactions and registering new digital assets on the Stacks blockchain.Ĭurrently, Stacks Price is USD. Stacks blockchain uses Bitcoin as its base layer, similarly to the Lightning Network, which makes it secure and stable. Stacks, formerly Blockstack, is an open-source and developer-friendly blockchain-based platform that allows to build smart contracts, DApps, and NFTs on Bitcoin. ![]() Read also: Ordinals brings NFTs to Bitcoin, causing a stir in the crypto space With the recent massive downfall of the crypto market caused by FTX contagion, is it possible for Stacks to reclaim its all-time high in 2023? Continue with the article to learn about Stacks price analysis and prediction by Coinpaper. inflation, and 3AC and Celsius insolvency, has also contributed to the downward pressure on the price of STX. ![]() Subsequently, the chain of the unfortunate market and geopolitical events like the Russian invasion of Ukraine, U.S. This year has been a tough sail for Stacks since May 2022, when Terra/Luna implosion caused a cascade of bankruptcies, layoffs, and liquidations.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |