StormX is a project that could attract investors’ attention in the coming years, as it has already done in the past. Despite the fact that it was close to reaching a $1 billion market valuation, this coin has always been valued below that threshold. The question is whether in the future there will be a possibility or not for this coin to continue growing.
The goal of this blog post is to tell you more about StormX and how this virtual currency could behave in the future. Analysts are wondering if this coin could reach $1 and surpass its previous highs.
StormX has been working for several years as one of the best crypto cashback applications that can also be used as a Google Chrome extension. The goal is to expand the usage of virtual currencies by making them accessible to everyone.
This project has already closed different partnerships with high-profile brands such as Nike or Lego and the goal is to expand even further in the future. When a user makes a fiat purchase, they get rewarded in virtual currencies. The positive thing is that the rewards get better if the STMX token is used.
Hence, StormX is a fast-growing project that offers crypto cashback to users when they make purchases.
STMX continues to offer a wide range of services to users. A few days ago, StormX announced that stakers that lock their STMX coins will get 6.5% interest. This is one of the best ways for investors to expand their STMX savings and get more influence on the network.
At the same time, the project is offering a referral program that lets stakers earn 10% of all their successful referral staking rewards, making the staking rewards more profitable for users.
When it comes to price, this virtual currency has behaved quite similarly to other digital assets over the last 2 years. We have seen the price of STMX start to move higher with the bull run of 2021. Indeed, STMX surged to its highest point since 2018. Despite that, it was not able for this virtual currency to hit a new all-time high.
Another thing that is worth taking into consideration is that since the last months of 2021, STMX has been in a bear trend. That means that the coin has lost part of its value in recent months and the trend could continue if the whole crypto market does not change direction in the coming weeks.
From the beginning of the year until today, STMX reached a high in early April when the coin hit $0.024. This is far from the high registered in 2021 above $0.08 per coin. The worst moment in 2022 for this digital currency came after the massive sell-off experienced by the crypto market in April and May.
The coin reached a low this year of $0.055 in some exchanges. Therefore, we see that some investors have suffered the most recent bear trend in the crypto industry.
Let’s have a look at what analysts have to say about this virtual currency and whether there could be some changes in the price of STMX in the near future. Several experts provide regular updates on the evolution of the price of this coin. This is what they say:
- This analyst paid close attention to different support and resistance levels that could have been important for this digital asset. While the coin did not move higher than he expected, we see that the support level at $0.01340 worked very well for several days in order to help STMX stay above this price level. Nevertheless, the price broke lower and it is now being traded at close to $0.008.
2. This STMX/USDT trading expert shows that there are several important price levels to pay close attention to. These levels have been quite important for STMX. For example, the $0.00920 region worked as resistance when the market started to fall. Meanwhile, the $0.00810 price level worked briefly as support and it is now working as resistance. Breaking above this price level would let the coin try to break through $0.0085.
3. For this cryptocurrency analyst, the virtual currency is currently in a bear channel that started in mid-2021 and that continues until today. One of the reasons behind this situation is related to the general trend of the market, which pushed the price of this coin and many others lower in recent months. According to this chart, STMX price could start a bull run if it breaks above $0.01336.
4. This investor believes that we are currently in an accumulation region that could be very useful for investors that want to get access to this digital currency at lower prices. However, he believes that STMX could continue to fall until it reaches $0.00186. If that happens, then this expert shows that STMX could start to move higher towards $0.09967.
5. For this analyst, STMX is in a downtrend that has lost its level 8 support and that could continue to move lower in the near future. However, as the market recovered, STMX is trying to fight against the recent downturn, which could result in this virtual currency moving higher if the market continues with this bull trend.
According to StormX’s official site, users can receive cashback for every single purchase they make. Holders that purchase STMX will have larger rewards when they make a purchase and they get money back.
At the same time, STMX holders can earn rewards when they stake thee coins. That means that investors that are holding this virtual currency for the long term will get the opportunity to receive an even larger reward for believing in this project if the price of the digital asset moves higher.
STMX can also be used to speculate on its price.
According to what analysts showed in the previous section, we could see STMX moving close to the range in which it has been traded throughout 2022. That means that the coin could fluctuate between $0.005 and $0.025.
This does not mean, however, that there could not be a period in which the coin could break these levels. Indeed, if the bear market continues, then STMX could break the most recent low and fall even further.
Now, if the bull trend resumes, it could be time for a new trend higher that could push this coin well above $0.25.
This is a very tricky question because we do not know the future. But could this coin reach $1? After what we have seen with different cryptocurrencies in the past, it is highly possible to move from $0.01 to $1. Nonetheless, this is something that requires time and also a strong interest in these digital currencies. It can happen, but the probabilities with the current market conditions are very low.
Based on the estimations, here are the following price predictions for STMX.
- STMX price prediction for 2022: $0.0015 – $0.25
- STMX price prediction for 2023: $0.0015 – $0.45
- STMX price prediction for 2024: $0.004 – $1
- STMX price prediction for 2024: $0.01 – $1+
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