There are many blockchain platforms that are competing for developer’s and institution’s attention to see what they have to offer. Ethereum, Cardano, Polkadot, Binance Smart Chain, and the rising Huobi Blockchain are just a few worth mentioning. Yet, there is another blockchain that has not been given its fair share of popularity, but it nonetheless has enough innovation to give the top blockchain platforms a run for their money.
Stratis is such a blockchain. You may not have heard of it, but it has been around for quite some time. This Stratis Coin price prediction article will take a look at the price forecast of its token, STRAX. We will discuss a historical analysis of the price action, what its short and long-term consequences are, where you can buy such a token, and if whether or not it deserves to be on your portfolio.
STRAX Historical Price Analysis
Stratis was launched in August 2016 with its first token, STRAT. It was not until November 2020 when its new token, STRAX, was launched. Hence, the historical price analysis is being based on what price for STRAT was up until November 2020.
According to CoinMarketCap, the first price record was on August 12, 2016, with an initial price of $0.01441. As the months rolled by, the price had a steady increase, rising around $0.05. It wasn’t until May 2017 when it suddenly started to experience a small parabolic run, reaching $10.62 by June 5, 2017, before suffering a steep decline. Then sometime in late July of the same year, it had a smaller run-up before declining again.
Then around mid-November 2017, the famous 2017 Bullrun suddenly started, allowing the price to up all the way to $21.75 by January 7th, 2018! Not surprisingly, then suddenly decreased in value fast, rising only up to $8.20 by May 4 before slumping back down again.
After that Bullrun run-up, the price for STRAT remained relatively boring, if not dead, for the entire year of 2019. The line was pretty much flat, even by 2020.
By early 2021, the price began to receive some life, when it had a very small sharp increase of up to $2.06 on February 13, 2021, before going back down. It then spiked again in mid-April, until it experienced another sharp increase on May 9 when it went up to $3.76. Since then, however, the price has been experiencing a serious decrease, losing two-thirds of its value by June 20. 2021.
Current Price, Market Cap, & Supply Details
This section will only examine Stratis’ new token, STRAX.
When Stratis began the process for its new token, it minted 25 million STRAX, of which 8.125 million STRAX was reserved for the Stratis Foundation, 6.375 million STRAX for network incentivization, 5.5 million STRAX for enterprise incentivization, and 5 million for the Stratis DAO. The tokens will be issued over the course of five years.
At the time of writing this article, there are 132,475,472 STRAX in circulation. It does not have a max supply. It has a current market cap of $155 million, making it the #174th place within the entire crypto market. During the last 24 hours, it saw a 72% increase in price, giving it a current price of $1.17.
Stratis (STRAX) Future Price Forecast Predictions
This section will take a look at the short-term and long-term forecasts for the price of STRAX
Short Term Forecast
Long Term Forecast
STRATIS Coin Price Prediction 2021
Despite the May crash, there is a bullish expectation that the price for STRAX will inevitably start to increase. It is expected for the price to experience a 49.5% average increase. And considering that we just witnessed another dump in price on June 20, this could be a good opportunity to buy.
STRATIS Coin Price Prediction 2022
2022 is looking to be even more favorable. Based on the chart above, we can see that in some months, the price could exceed above the $2 mark, with the occasional corrections. Nevertheless, the STRAX holder could see a 2x increase in return.
STRATIS Coin Price Prediction 2025
By the time we get to 2025, the price, based on the chart above, is seen to have more than triple. In addition, it also seems that the price has not slumped back down to even $2.50 but is remaining around $3. The chart is giving a rough 200% increase in price.
How to Buy Stratis
Stratis is listed on a limited number of exchanges. The ones with the most liquidity are Binance, Bithumb, Bittrex, and Gate.io. The less common ones are WazirX, Poloniex, CoinDCX, Upbit, ATOMARS, and StakeCube.
If you prefer a quicker and simpler approach, Changelly is the perfect place to buy Stratis as well:
Is Stratis a Good Investment?
Based on the price forecast alone, it would seem very plausible to invest in this project. A 200% return within 4 years is not a bad return at all.
However, there is an issue that arises. Stratis is not the only blockchain platform in the market. In fact, it is one of many blockchains, and it is not even in the top 100. Although the project does seem to harvest impressive innovation and support, the very fact that only a few exchanges have listed its token does not bring confidence.
Moreover, this writer is not at all impressed with the rather flat line that token price went through for two straight years. That is a strong indication that there is little public support and trading for the token, and with a 10% inflation rate, as well as having no max supply cap, it seems to be more like a recipe for a drastic fall in value than anything else.
Therefore, the very short answer that this writer can give to the question above would be ‘no.’ There are other blockchains that are worth considering. However, nothing is ever a guarantee in the crypto space, and just because a token suffers from low trading volume doesn’t mean that it is out of the game yet. As more and more investors and institutions enter the crypto space, this flood of investment could be the key for Stratis to finally be lifted up from its dogmatic slumber and go for another parabolic run.
More Information About Stratis
What is Stratis?
Stratis is a bit unique. It is a blockchain-as-a-service platform that offers several products and services for enterprises, including launching private sidechains, running full nodes, developing and deploying smart contracts, an initial coin offering platform, and a proof-of-identity application. The company also provides cryptocurrency wallets and blockchain consulting services.
Stratis operates its own blockchain-powered by a native token, STRAX, used to purchase and operate services such as executing smart contracts, paying for sidechains, and staking as collateral to operate a Masternode.
The platform was first announced in June 2016, and it launched in August 2016. In November 2020, Stratis deployed a new blockchain that uses STRAX instead of its previous STRAT token.
According to its whitepaper, the Stratis BaaS platform was designed for financial service providers and other enterprises to test, develop and deploy blockchain-based applications in a way that avoids the overhead and security concerns of operating their own networks. To succeed in this, Stratis offers businesses the opportunity to run permissioned, private sidechains that interact with its primary chain, as well as to host decentralized applications, launch smart contracts and utilize various privacy and identity verification tools. Its whitepaper argues that this approach gives enterprises the freedom to completely customize their platforms without the limitations of relying on a major blockchain, such as Bitcoin or Ethereum (ETH).
With the launch of its new STRAX-based blockchain in November 2020, Stratis unveiled an updated development roadmap for the end of 2020 and the first half of 2021. It includes interoperability with Ethereum, an Internet of Things software development kit, a decentralized finance software library, the launch of a decentralized autonomous organization, and more.
Stratis has announced business partnerships with companies such as software giant Microsoft, technology markets intelligence firm International Data Corporation, and pharmaceutical blockchain development company MediConnect, among others. In addition, it has sponsored professional athletes as a way to raise awareness of the platform.
Stratis Group Ltd., the company behind the Stratis platform, was founded in 2016 by Chris Trew. He started the company with the purpose of developing an enterprise-focused blockchain platform, which he felt was missing from the industry at the time. He decided to base the platform on the Bitcoin (BTC) protocol, believing that Bitcoin would become dominant in the crypto space — meaning that its codebase would be consistently improved over time.
Trew's background was in enterprise information technology. He taught himself the programming language C# and spent 10 years serving in various IT roles in the legal, aviation, and public sectors as well as with financial institutions such as Barclays. He also operated an internet marketing and search engine optimization business. Trew was also a volunteer developer for the cryptocurrency project Blitz and the social networking platform The Viral Exchange.
In conclusion, Stratis seems like a great project, and while they're still the potential for the price of its token to experience an uptrend, this writer just doesn’t see it happening, at least not anytime soon. All the public attention is being directed at other blockchain platforms such as Ethereum, Cardano, Polkadot, BSC, and now Huobi’s increasingly popular blockchain. This is not even mentioning other blockchains such as Zilliqa, Harmony, Hydra, and many others.
However, this writer does not want to rule it out so simply. Stratis does have potential, and although the chances of it being noticed are slim, it would still be wise to invest a small to the project. After all, one of the best things about the crypto market is its tendency to surprise people. You never know which project may be a hidden gem. Perhaps Stratis is one of them.