Disclaimer: this article doesn’t present investment advice!
STRAX is the native token of Stratis, an enterprise focused on delivering blockchain-based solutions to business owners, in order to improve their efficiency and profits.
Even if the aim of this article is to show you STRAX price predictions from 2022 to 2030, a good amount of information related to the enterprise behind this cryptocurrency will allow you to better understand why the price of this cryptocurrency is likely to increase in the next few years.
As we always specify, this is not financial advice: every trader and investor needs to do proper research before investing money. Moreover, no one can certainly tell you what will happen to markets – especially when we focus on long-term outcomes.
What we can do is to provide you with the most accurate information, with historical analysis, and to build our predictions based also on experts’ opinions.
Before sharing with you our STRAX predictions (2022 – 2030), let’s see what Stratis and STRAX are.
What is Stratis (STRAX)?
First off, let’s do some clarity. If you search “Stratis” on search engines, you will always find the same company. But if you look for its token, different websites name it in different ways: STRAT and STRAX.
This happens because STRAT was the original token built on the previous blockchain used by Stratis, but in 2020 Stratis started using a different blockchain and a new token – STRAX. STRAT didn’t disappear, it simply converged into a new system – in fact, we can gather data for our technical analysis from 2016.
But let’s proceed in order.
Stratis Group Ltd., the company behind the online platform Stratis, was founded in 2016. Its founder is Chris Trew: the background of the founder of Stratis is in information technology, then he started specializing in coding – also volunteering for projects like Blitz and working for financial institutions like Barclays – because he wanted to have the appropriate knowledge to realize his goal. This goal was the creation of a platform based on cryptos and focused on businesses.
The first idea was to build this platform on Bitcoin: many developers were convinced that its code would improve.
This totally new platform was launched in 2016 – precisely in August.
As we mentioned, the project changed in 2020: the blockchain-based on STRAX – no more on STRAT – was launched along with updates – such as a Defi software library, a DAO, and interoperability with Ethereum.
What Stratis does is provide financial institutions and businesses with a system where they can safely test their blockchain-based projects. Developers can create private side chains that communicate with the main blockchain of Stratis, they can build applications, use smart contracts and privacy tools, with the opportunity to fully personalize their projects but without the issues related to security, and without the need to rely on major blockchains. Even those who are not developers but want to improve their businesses thanks to the blockchain can use Stratis because the platform has a team that can build those projects for clients.
Stratis didn’t abandon Bitcoin, but it created a unique solution based on Proof-of-Stake – also to make the whole project more sustainable.
Now that we know more about the company behind the token, let’s cover STRAX in-depth and make our predictions.
Stratis (STRAX) price analysis of the past years
As we mentioned, we have enough data to make a reliable analysis.
This is the ideal condition when a technical analyst wants to make forecasts, not only for the amount of data but also because it is easier to observe price cycles.
Let’s have a look at a comprehensive chart that covers the price of STRAX from 2016 to date:
STRAXUSD Daily Chart
As we can observe, the behavior of the price of STRAX is in line with the most common strategies related to trading.
First off, we don’t find the impressive drop in price that many cryptocurrencies – as well as traditional assets – experience when they become publicly available for trading.
Let’s see in detail what happened on August 14th, 2016 – we don’t want to focus on price right now, but on the behavior of traders and investors:
STRAXUSD Price – Daily Chart
On August 14th there is an impressive peak in volume – buying volume – but the increase in price is not proportional. In other words, there is a lot of effort to reach a small outcome. Moreover, the upper shadow of the daily candlestick confirms the selling pressure.
Basically, sellers tried to short the price but buyers, even if they didn’t manage to drive the price upwards – not that much – supported the price to avoid a collapse. So, in reality, they got a good result.
This might mean that the project was already perceived as strong and reliable.
After that, the price moves sideways: this represents the consolidation phase. This phase lasted three months before showing the signs of an upcoming positive trend:
STRAXUSD Price – Daily Chart
After that, the price retested a strong support level – at around $0.048 – twice: this shows us that buyers are still defending the price.
The positive trend finally starts two months later – January 2017.
This positive trend lasted one year – until January 2018 – and drove the price of STRAX to over $24.3.
This is an impressive peak, and it stopped at a very common Fibonacci extension level – 161.8%:
STRAXUSD Price – Daily Chart – Fibonacci extension
After the peak, an inevitable downtrend started, and it lasted the whole year – until December 2018. The price reached another strong support level – at around $0.68.
At this point, the same pattern that we observed before the uptrend repeats itself:
STRAXUSD Price – Daily Chart – Fibonacci extension
Bears try to short the market. A peak in buying volume. Bulls support the price. Consolidation phase.
This sideways movement lasted from January 2019 to December 2020, then the price showed the signs of a new uptrend – signs that we can still observe:
STRAXUSD Price – Daily Chart – Fibonacci extension
Now, it looks quite safe to say that the price will experience a short consolidation period before starting a new uptrend.
Before our Stratis (STRAX) price predictions from 2022 to 2030, we want to provide you with a few data related to STRAX, in order to better understand our starting point. At the time of writing (December 31, 2021), these are the data:
- Current STRAX price: $1.43;
- Market Cap: $188,851,021;
- Max supply: not set;
- Total supply: 132,332,229 STRAX;
- Circulating supply: 132,332,229.41 STRAX.
A little reminder: our predictions do not represent financial advice. What we are doing is showing you possible forecasts based on data, historical analysis, and experts’ opinions.
Stratis (STRAX) price prediction 2022
In 2022 we should witness an increase in the price of Stratis (STRAX). The price should increase to reach about $2.05.
Stratis (STRAX) price prediction 2023
From 2022 to 2023 the price of STRAX should increase to reach about $3.
Stratis (STRAX) price prediction 2025
In two years the increase in price should be even more significant: according to our predictions, the price should double and reach around $6.1.
Stratis (STRAX) price prediction 2027
From 2025 to 2027 the price of Stratis (STRAX) should double again, to reach $13.
Stratis (STRAX) price prediction 2030
From 2027 to 2030 the price of Stratis should reach its peak at $39.
Conclusions
Stratis is an enterprise that provides blockchain-based solutions to financial institutions and businesses. Its token STRAX – previously STRAT – obtained very soon strong support from buyers, who managed to avoid unnatural price collapses over time, support that strongly depends on the project behind the crypto and its Proof-of-Stake solution.
Moreover, the project demonstrated that it is able to develop new services and updates, according to the market’s needs.
This might result in a strong increase in price during the next years.