Cryptocurrency analyst Nicholas Merten, a member of the Bitcoin ecosystem that has increased by over 70% in the last two weeks Stacks He shared a new bullish expectation about (STX).
Nicholas Mertenon the DataDash YouTube channel, which has 510,000 subscribers, BitcoinHe suggested that Stacks (STX), the native token of the decentralized platform that aims to expand the usage areas of , could gain great momentum in the coming period.
“STX is one of the most important assets that could trigger tremendous potential if we truly enter a bull market, so the price of Bitcoin continues to rise.”
According to Merten, Stacks has been showing a strong bullish trend with higher highs and lower lows since November 2022.
“From its low in August 2023 to February 2024, STX has gained approximately 619%. And this is a very similar pattern to the movement we experienced from November 2022 to March 2023…
Stacks can make big moves and has the potential to be a major player this cycle. “We can see much greater gains on a larger scale.”
STX is trading at $2.63, up nearly 75% from its Feb. 6 closing price of $1.13.
