Investing is a challenging task, especially in the world of cryptocurrency. Though cryptocurrency has dropped significantly this year, as has most of the economy, now is the time to invest while crypto prices are down. As long as you know what’s worth investing in, it can be very beneficial.
In this article, we’ll discuss the Stormx Coin price and predict its short-term and long-term performance. No matter your investment experience, this article will help you determine if Stormx Coin is the right investment for you.
About Stormx
Since its founding in 2015, Stormax has been a global cryptocurrency-based solution for worldwide markets. It’s an app and browser extension that aims to bring users cashback in crypto for their online purchases. Notable enterprise partners include:
- Samsung
- Nike
- Lego
- Blockfolio
- Litecoin Foundation
- Kyber Network
Stormx has developed its product and becomes an industry head in the crypto cashback community. Many are attracted to Stormx because of its ability to offer up to 87.5% cashback on some purchases.
The platform seamlessly integrates with everyday purchases, allowing crypto to enter the mainstream financial system. Furthermore, the STMX token allows users to lock staking contracts and earn interest on their investments. Over 750 online stores are part of the StormX cashback program, and the company has secured over $30 million in funding.
Technical Analysis
Both moving averages and technical indicators show a bullish trend for Stormx. StormX is down 3.37% in the last 24 hours (written on December 30th) and is expected to reach $0.0039996 in January 2023. Its minimum price is expected to be $0.0039996, while the maximum is expected to be $0.0039996.
By 2023, it’s assumed the minimum price of StormX will be around $0.0079992, while the maximum price may be around $0.0089991. On average, the trading price is expected to be $0.0079992 in 2023.
Fundamental Analysis
Stormx is currently ranked the #392 cryptocurrency with a live market cap of $34,672,932. The company has a circulating supply of 10 billion STMX coins and a max supply of 12.5 billion STMX coins. The company’s all-time high is $0.25.
25% of the total token supply was spread among the company and founding team members. Another 23% of tokens remain locked for platform utilization and support. Over 40% of the token supply was circulated among crowd-sale events, while 10% of the total supply was distributed among users.
StormX is a leading investment among crypto fans. It’s why the STMX token is widely available on several exchanges and successfully underwent a change in 2020. Originally dubbed the ticker STORM, many consider the STMX coin a long-term investment.
Closing Thoughts on Stormx Coin Price Prediction
Stormx is a worthwhile investment if you’re willing to hold onto it over a few years. It has a high chance to continue declining within its current value, so be mindful of any risks while investing. We expect the market cap and average price to rise by 2024 and 2025, but it’s likely to decline in the short term.