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Stratis (STRAT): Gluon ICO Gives Details of Launch

Cryptocurrency Mar 23, 2018 06:31AM ET
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Stratis (STRAT): Gluon ICO Gives Details of Launch

The Gluon ICO project is prepared to use the Stratis platform for its token launch. The launch of one of the first startups based on the platform is a fulfilled promise, as Stratis enters the next stage in its life.

In 2018, platforms are some of the most in-demand coins, and platform projects are competing for prominence, developer talent, and startups. In the case of Stratis, there is the unique opportunity for C# development.

Despite the relatively positive news, the STRAT market price is unraveling from its recent peaks, when it hovered for a while around $20. Now, STRAT is back to $4.95, down around 5% in the past day.

Trading volumes have thinned out to around $8 million in 24 hours, and the STRAT market price is also sliding against Bitcoin, nearly halfway down since the December peak, and 10 times lower compared to the peak in June.

Now, 2018 will have to show whether it is indeed the year of the platforms, and if STRAT manages to survive the falling price pressures. STRAT has been one of the best-performing ICOs, but the past months of trading see it as an asset expecting a continuing slide in prices.

In the past, during times of positive sentiments for altcoin, STRAT has moved more actively, but at this point, the asset looks far more depressed. At this point, a price below $5 makes the predictions of $100 by the end of the year look somewhat outlandish, but coins have performed in a similar manner in the past in cases of sudden popularity.

At this point, most STRAT trading is concentrated on Binance, taking up more than 50% of the volumes. Bittrex comes second with 13% of volumes. STRAT trades at a slight premium against the Korean Won, at the equivalent of $5.04.

Even after the December bull run of altcoins, STRAT remains relatively unknown, but as the crypto world goes into the mainstream, more projects and platforms are gaining attention with a wider circle of potential investors.

This article appeared first on Cryptovest
Stratis (STRAT): Gluon ICO Gives Details of Launch

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