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Is Stacks a good investment?
Stacks is worth considering if you're looking for a blockchain project that works a bit differently.
It's in a competitive space, but it has some unique characteristics that set it apart from other programmable blockchains, especially the proof-of-transfer system. The fact that you can earn Bitcoin rewards by stacking STX tokens is also a significant benefit.
Stacks isn't a household name yet, which is good for investors who believe in it and still want to get in reasonably early. In terms of its price and market cap, there's still plenty of room to grow.
When investing in cryptocurrency, always remember that it's a volatile market, and prices can change dramatically. Make sure you treat it as a long-term investment and try not to pay too much attention to weekly price swings. That's especially important with a project such as Stacks since it hasn't been around too long and could take time to develop.
How to buy Stacks
Stacks is available for purchase on several popular crypto exchanges, including a few U.S. exchanges. Here are places to buy Stacks:
- Okcoin
- Coinbase Global (COIN -1.58%)
- Crypto.com
You can purchase Stacks by setting up an account on any of those exchanges. Okcoin is a good choice because it lets you stack your STX tokens. However, you could also buy Stacks on another exchange, transfer it to your wallet, and stack it in a pool.
While other programmable blockchains built from the ground up, Stacks took an innovative approach by building on Bitcoin. Its close connection to the biggest cryptocurrency could be beneficial, especially since Stacks gives investors the opportunity to earn Bitcoin rewards.
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