STX is at resistance again.
STX Analysis - MonoCoin Signal 22 Feb 2023 by ShawnMCR
Blockstack PBC, a software business that seeks to establish a decentralized internet, developed the cryptocurrency STX. The native coin of the Blockstack network, which employs a particular blockchain created to support safe, decentralized apps, is called STX.
The Blockstack ecosystem, which includes the Stacks blockchain and the decentralized apps developed on top of it, is powered by STX. STX is a key component of Blockstack's vision of a user-centric internet where people control their data and identities.
Within the Blockstack ecosystem, STX may be utilized for several things, including:
Using the Stacks blockchain and paying transaction costs
Participating in the Blockstack consensus method through stake
By rewarding users for contributing to the network and participating in governance procedures, the network can encourage developers to create new decentralized apps.
There are two support levels on the way down, and two resistance zones on the way up. One of the resistance levels is very strong and can push the price down for now.
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