Key Takeaways
- STRAX was replaced by a new token at a 10 to 1 rate in March 2024.
- The Stratis platform is changing its focus from DApp development to Web3 gaming.
- Our price predictions suggest the STRAX price will begin a new upward movement soon.
The Stratis blockchain could soon be no more. The system’s operators have announced that the platform will move from its mainnet, which launched in late 2020, onto an Ethereum (ETH) sidechain. The platform would then focus on online gaming.
However, that news has been well-received, with the price of the STRAX coin shooting up. Ironically, March 2024’s update will also include STRAX being swapped for a new crypto at a rate of 10 new tokens for one old one.
On July 31, 2024, STRAX exchanged hands for $0.005.
Let’s now take a look at our own price predictions for Stratis, made on July 31, 2024. We will also examine the STRAX price history and talk a little about what STRAX is and what it does.
Stratis Price Prediction
Here are the STRAX price predictions from CCN on July 31, 2024. It is important to remember that price forecasts, especially for something as potentially volatile as crypto, should be taken cautiously. Our STRAX crypto price predictions will use the wave count method to predict its future movement.
| Minimum STRAX Price Prediction | Average STRAX Price Prediction | Maximum STRAX Price Prediction | |
|---|---|---|---|
| 2024 | $0.12 | $0.145 | $0.17 |
| 2025 | $0.350 | $0.405 | $0.500 |
| 2030 | $0.055 | $0.070 | $0.085 |
It is important to note that the current STRAX price is $0.005. However, the old STRAX chart is used because of its more extensive price history. So, the price of STRAX since the swap is outlined in the chart. With the swap ratio, the price for the old STRAX would be $0.55. We will use the old chart for the projection and then convert it to the new token.
The most likely wave count suggests that STRAX created an A-B-C structure starting in March 2020 (white). If so, it has just started wave B. The sub-wave count is in black. Giving waves A:C the same magnitude and duration leads to a high of $13.29 in October 2025.
By extrapolating the current trend of similarly shaped upward and downward movement, our wave count STRAX price predictions will lead to a price of $1.45 by the end of 2024.
Then, after reaching its high in October 2025, the trend is expected to reverse, giving a target of $4.05 for the end of 2025. Converted to the new STRAX, these values are $0.145 and $0.405, respectively.
To provide a range of possible outcomes, we will add and remove 20% from the target price, resulting in minimum and maximum STRAX price predictions.
Finally, we used the daily rate of increase for the past four years to make an STRAX price prediction for the end of 2030. Since July 2020, the ALI price has climbed at a daily rate of decrease of 0.013%.
Projecting this descent until the end of 2030 gives an STRAX price prediction of $0.07.
Stratis Price Prediction for 2024
Our wave count STRAX price prediction gives a target of $0.145 for the end of 2024.
Stratis Price Prediction for 2025
Our wave count STRAX price prediction gives a target of $0.405 for the end of 2025.
Stratis Price Prediction for 2030
Using the daily rate of increase, we arrive at a STRAX price prediction of $0.007 by the end of 2030.
STRAX Price Analysis
The 12-hour STRAX price analysis shows that the price broke out from a descending resistance trend line on July 18. This is often a sign that the previous correction has ended and a new movement has started in the other direction.
Both the MACD and RSI support this outlook since they generated bullish divergences before the upward movement, in turn legitimizing it.
Even though STRAX fell slightly after the breakout, it still trades above the main horizontal support area at $0.048.
If it bounces at this level, it can increase toward the next horizontal resistance at $0.075.
Short-Term STRAX Price Prediction
The STRAX price prediction for the next 24 hours depends on a successful bounce at the $0.048 support, which can then start an increase toward the $0.075 area.
If this is the case, the STRAX price tomorrow will be trading slightly lower, validating the $0.048 area as support. Then, it can begin its ascent toward the $0.075 resistance, likely reaching it in the middle of August.
Stratis Average True Range (ATR): STRAX Volatility
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.
On July 31, 2024, the weekly ATR for STRAX was 0.004, a sign of low volatility. The ATR has fallen in the past two months.
Stratis Relative Strength Index (RSI): Is STRAX Oversold or Undersold?
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On July 31, 2024, STRAX’s daily RSI was at 50, a sign of a neutral trend. Whether it bounces or breaks down can determine the future trend.
Best Days and Months to Buy Stratis
We examined the STRAX price history and found the lowest prices on certain days, months, quarters, and even weeks in the year, indicating the best times to buy STRAX.
| Time to Buy STRAX | Best Days, Weeks, Months and Quarters |
|---|---|
| Best Day | Saturday |
| Best Week | 23 |
| Best Month | May |
| Best Quarter | Quarter 2 |
STRAX Price Performance Comparison
Stratis is a Proof-of-Stake smart contracts platform, so let’s compare it with other similar projects. The STRAX price is converted from the old to the new tokens.
STRAX Price History
Let’s now examine the Stratis (STRAX) price history. While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us useful context when making or interpreting a Stratis price prediction.
2016-2018: STRAX entered the market in August 2016 at an all-time low of $0.0085. It saw some growth, culminating in an all-time high of $22.66 on January 8, 2018, during the market bubble.
2019-2021: During the crypto winter, STRAX traded below $1. However, it experienced a turnaround in early 2021, reaching over $3 in May before closing the year at $1.39.
2022: The overall crypto market struggled, with STRAX dropping below $1 in late April. The collapse of the Terra (LUNA) blockchain and FTX’s bankruptcy contributed to the downturn, and STRAX ended the year at $0.387, down more than 70% year-on-year.
2023: STRAX had a volatile year, spiking to over $0.70 in late March. It dropped to $0.385 on June 15 after SEC actions against Binance and Coinbase. However, a court ruling on XRP led to a rise to $0.662 on July 15. By September 11, it fell to $0.378 but recovered to $0.461 by October 6, following an Ethereum announcement, peaking at $0.870 the next day. STRAX ended the year at $0.977, up more than 150%.
2024: The rally continued, with STRAX peaking at $1.41 on January 3. However, another downturn followed, and by July 31, it was worth $0.05.
The STRAX price in the table below is converted to the new values at a ratio of 10 to 1.
| Period | STRAX Price |
|---|---|
| Last Week (July 24, 2024) | $0.0053 |
| Last Month (June 31, 2024) | $0.0461 |
| Three Months Ago (April 31, 2024) | $0.0781 |
| Last Year (July 31, 2023) | $0.0474 |
| Five Years Ago (July 31, 2019) | $0.0591 |
| Launch Price (Aug. 12, 2016) | $0.0020 |
| All-Time High (Jan. 8, 2018) | $2.277 |
| All-Time Low (Aug. 12, 2016) | $0.0011 |
Stratis Market Cap
The market capitalization, or market cap, is the sum of the total number of STRAX in circulation multiplied by its price. On July 31, 2024, the Stratis market cap was $97.6 million, making it the 426th largest crypto by that metric.
STRAX Supply and Distribution
| Supply and Distribution | Figures |
|---|---|
| Circulating Supply as of July 31, 2024 | 1,948,642,837 Billion (No maximum supply) |
From the Stratis Whitepaper
According to its technical documentation or whitepaper , Stratis is a blockchain-as-a-service (BaaS) platform that enables businesses to easily create and deploy private blockchains tailored to their specific needs.
By leveraging the Stratis parent chain for security, organizations can develop and manage blockchain solutions with minimal overhead using APIs and lightweight web-based clients.
Is Stratis a Good Investment?
It is difficult to tell right now. STRAX has performed relatively well recently but is still down from its early January peak. It will be up to Stratis to ensure people continue to buy STRAX once the current excitement has died down. Indeed, the new STRAT may render STRAX redundant.
As ever with crypto, you will need to make sure you do your research before deciding whether or not to invest in STRAX.
Will Stratis go up or down?
No one can tell right now. While the Stratis crypto price predictions are largely positive – although CaptainAltCoin says it will be worthless in seven years – price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.
Should I invest in Stratis?
Before you decide whether or not to invest in Stratis, you will have to do your research, not only on STRAX but on other, coins and tokens such as Hedera (HBAR) and 1INCH. Either way, you will also need to make sure that you never invest more money than you can afford to lose.
Stratis (STRAX) Explained
The Stratis blockchain was created to help financial service providers create their decentralized applications (DApps) without having to set up their blockchain. The system features a software development kit that can be used with the Internet of Things – devices that are not computers but have internet connectivity – and is compatible with the Ethereum (ETH) blockchain.
This, however, is set to change in March.
Computer programmer Chris Trew founded the Stratis Group in 2016.
How Stratis Works
Stratis uses a Proof-of-Stake (PoS) consensus mechanism. This means that people verify transactions and add blocks to the blockchain-based on how much STRAX they hold.
STRAX rewards the people who operate the computers, or nodes, which run the network. People can also buy, sell, and trade the coin on exchanges.
Once the recently announced update takes place, STRAX will be swapped for a new token, STRAT.
FAQs
Will Stratis reach $1?
Our price predictions suggest STRAX will not reach $1 in the near future.
What is Strasis used for?
Right now, the STRAX coin rewards users on the Stratis blockchain. People can also buy, sell, and trade it on exchanges.
