As the year almost comes to an end, a lot of altcoin markets seem to be moving up. The longevity of such momentum is difficult to anticipate, but it appears things are looking good. Fans of the Stratis price will be very happy with how the past 30 days have gone by.
It does not happen all that often an alternative cryptocurrency has prominent price momentum over the past 30 days. These past few years have been incredibly volatile, but not in a positive manner. The Stratis price has shown interesting momentum as of late, as it would appear the uptrend is still intact after more than four weeks.
The Stratis Price Momentum is Strong
In the past 30 days, the Stratis price gained just over 23%. This momentum remains in place courtesy of strong gains in the past seven days. Even today, the STRAT value gained another 4.2%, indicating there is plenty of upward momentum in place.
To sustain this ongoing growth, there needs to be ample trading volume to keep the order books afloat. For Stratis, there is over $7.1 million in trades, which represents roughly 19% of its total valuation. This appears sufficient to keep the upward momentum in place, although the bearish pressure across all markets is far from over.
Users chasing the Stratis price trend may want to check out Binance, HitBTC, Bithumb, or Bittrex to trade STRAT. Binance’s BTC pair generates over 75% of the volume, followed by HitBTC’s BTC pair and Bithumb’s KRW market. Across all platforms, the buy orders dwarf sell orders, yet that is never a guarantee of a sustainable uptrend.
When it comes to cryptocurrency and blockchain companies, it is crucial to look beyond asset prices. As CF points out, Stratis appears to be a healthy company in 2019. A recent job post mentions how there are 80 employees and plenty of revenue to go around. It appears to be one of the very few altcoin companies to actually build a working ecosystem.
Behind the scenes, a lot has gone on for Stratis. It is one of the many blockchains supported by Microsoft through its BaaS venture. As such, the future of the project appears almost guaranteed, albeit these situations can change at any given moment. For Crypto 286, it is sufficient to predict a future Stratis price of $200, albeit that seems incredibly unlikely.
— Crypto 286 (@286Crypto) December 12, 2019