Analyst Chris Berniske named a token that could grow by 2200%

Editor’s note: not financial advice!

Chris Berniske, a cryptocurrency analyst, investor, and partner at venture capital firm Placeholder, said that the potential of the Stacks token (STX) is much greater than users realize. According to Berniske, in the future, STX can bring its owners up to 2200% profit.

STX is the native token of the Stacks network, which supports DeFi, NFT, apps, and smart contracts for bitcoin. STX is used to pay transaction fees and can be blockchained directly on the network to receive rewards in BTC. Over the past 7 days, the value of Stacks has increased by 49.41%. Over the past day, it has risen by 26.59%, currently trading for $ 0.95.

According to Berniske, Stacks is just beginning to «gain popularity among investors,» but the growth rate of the value signals a promising future. «Since the use of the bitcoin network for solutions based on it is unpopular for a number of reasons, Stacks has few competitors, while competition among Ethereum L2 is fierce,» the analyst emphasized.

Chris Berniske also published his own list of digital assets that could show growth in the future:

• Dogecoin (DOGE)
• Toncoin (TON)
• Lido DAO (LDO)
• Internet Computer (ICP)
• Algorand (ALGO)
• Flow (FLOW)
• Decentraland (MANA)
• Axie Infinity (AXS)