logo fundamental-analysis-of-the-STACKS-cryptocurrency
Stacks
STX
$2.10

Sector

Layer 2

Exchange Debut

2019-10-20

Market Cap

3,081,313,573

Maxim Supply

1,818,000,000

Circulating Supply

1,467,012,961

Circ. Supply(%)

80.69%
logo fundamental-analysis-of-the-STACKS-cryptocurrency

Stacks

STX

Price

$2.10

Market Cap

Sector

Exchange Debut

3,081,313,573
2019-10-20

Volume 24h

High 24h

Low 24h

112429334
2.384768654355
2.083436828161

Change 24h

Change 7d

Change 30d

-9.4616
-11.9156
9.0774

Maxim supply

Circulating supply

Circulating supply(%)

1,818,000,000
1,467,012,961
80.69%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Stacks cryptocurrency:

In this fundamental analysis of the  Stacks cryptocurrency, we delve into the Stacks project, a platform for smart contracts built on top of Bitcoin. Stacks enables smart contracts and decentralized applications to utilize Bitcoin as an asset and settle transactions on the Bitcoin blockchain. By extending Bitcoin’s functionality, Stacks empowers complex apps and smart contracts that can interact with Bitcoin state, facilitating the use of Bitcoin as a currency.

The Stacks project has undergone a comprehensive fundamental analysis to assess its potential for development and adoption. While the analysis reveals significant growth prospects, it is crucial to consider the associated risks.

Social and Media

Examining the Social Media criterion, Stacks receives an average score, reflecting a relatively low rating for attracting followers and stimulating community activity on its social media pages. Nevertheless, the project has established a strong presence in the media, which serves as a catalyst for attracting new users to the Stacks ecosystem.

In terms of the Audit and Security criterion, the Stacks project excels, earning a remarkable score of 9.55 out of 10. This evaluation is based on thorough audits, transparency in disseminating information to the public, and liquidity on exchanges. Such robust security measures ensure the project’s integrity and enhance investor confidence in Stacks cryptocurrency.

Regarding ecosystem development, Stacks receives a favorable score of 8.2 out of 10. The project has consistently achieved its objectives and demonstrates careful planning to introduce new developments. This signifies a promising outlook for the growth and evolution of the Stacks ecosystem.

The evaluation of the Stacks team yields a positive score of 8.8 out of 10, highlighting the team’s extensive experience and the presence of a proficient software development workforce. The team’s expertise plays a crucial role in driving the successful execution of the Stacks project.

By leveraging the secure foundation of Bitcoin, Stacks cryptocurrency represents a significant advancement in the world of smart contracts and decentralized applications. Through this fundamental analysis, it becomes evident that Stacks has the potential to carve out a prominent position in the cryptocurrency landscape, offering a platform that combines the strengths of Bitcoin with innovative applications and contracts.

Fundamental analysis of Stacks cryptocurrency – The final conclusion

In conclusion, based on this fundamental analysis of  the Stacks cryptocurrency, it emerges as a compelling investment opportunity with moderate risks. The Stacks project ensures robust security and transparency, as demonstrated by its exceptional performance in the Audit and Security criterion. Moreover, the project’s ecosystem development and the team’s experience indicate substantial growth potential in the future. To attract new users and investors, however, it is imperative for the Stacks project to enhance its engagement on social media platforms and foster a thriving community.

Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.

Stacks extends Bitcoin with new functionality. Bitcoin is Stacks’ secure and robust base layer where all transactions are settled, and Stacks adds complex apps and smart contracts. Stacks apps can interact with Bitcoin state, so you can have an app that uses Bitcoin as its currency.

Stacks use Clarity

Clarity is a decidable smart contract language that optimizes for predictability and security, designed for the Stacks blockchain. Smart contracts allow developers to encode essential business logic on a blockchain.

The design decisions behind Clarity were based heavily on taking lessons learned in common Solidity exploits and creating a language that has been purpose-built for safety and security in mind.

Proof of Transfer is the consensus mechanism that runs between Bitcoin and Stacks. It recycles Bitcoin’s Proof of Work to achieve both high levels of decentralization and scalability without additional environmental impact. Proof of Transfer’s other half is called Stacking, which enables holders of Stacks Token to earn Bitcoin.

sBTC will enable Bitcoin write, trustless movement of BTC in and out of the layer, while securing transactions with 100% of Bitcoin hash power. sBTC is decentralized and trustless and can enable a new era of Bitcoin applications, unlocking $300B+ in latent capital for Web3, while accelerating growth of the Bitcoin economy.

Fundamental analysis of Stacks cryptocurrency

Stacks - STX performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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