Stox is a platform for forecasts of sports, political and business events. It is based on the Ethereum platform. STX tokens meet the ERC-20 standard. The project is a subsidiary of Invest.com, which was founded in 2014. During the ICO, the company got $33 million.
The project was quite successful after the ICO. What is the future of Stox coin? Find out in our Stox price forecast by the Changelly team!
Stox Fundamental Value
Stox is a blockchain platform, aimed to proceed with any kind of forecast. The platform works on the oracle principle. Trading and predictions are possible through STX tokens. There are three main characters in the Stox system:
Vendors who are developing tools
Operators, who initiate predictions of events
End users who participate in events.
Stox is a forecasting service that uses open-source Ethereum code. According to the idea of the creators of the resource, it will allow you to earn on the accurate prediction of events in various areas of modern man’s life.
The ICO was conducted on August 2, 2017, and lasted for two weeks. The team goal was $30 million in profit. 50% of the total coin issue was represented at ICO. The cryptocurrency was sold in the ratio of 1 ETC for 220 STX. The company has beaten its goal and earned $33 million. It is noteworthy that 4% of coins were baked by Bancor. The Bancor algorithm is used to ensure liquidity.
This is how tokens were distributed:
50% for the token sale
12.5% for invest.com ltd
10% for Stox team
27.5 % for Stox ltd
There was also some kind of giveaways and referral bounty program. Users could get STX tokens for retweets, Bitcointalk’s campaigns, Telegram invites, etc. 0.25% of the total issue was allocated for the bounty.
The hype began during the ICO. Floyd Mayweather Jr posted a photo with a table strewn with bills and a hashtag #stox. This attracted a large number of users to participate in the ICO. The great PR campaign helped to get Stox $33 million in one day.
Just after success, the coin price began to fall. In one month, the STX price dropped from $2.30 to $0.54. The token price rose again only on January 10, reaching $1.45. The movements were associated with the launching of the bounty program.
In April, Liquid exchange announced some crypto to be delisted, including STX:
And then… The token price is falling again. The token rate rose again only on January 10, reaching 1.45, and since that moment, the average token price is just a several cents.
Stox Technical Analysis
Well, there is not actually any technical analysis expertise of Stox cryptocurrency. However, here is the aggregate rating for STX from several traders & analysts on TradingView.
Stox (STX) Price Prediction for 2020-2025
Twitter users are not very happy with the asset. There are a lot of tweets like that:
However, some days ago, users have noticed a positive trend in the price of the cryptocurrency.
Anyway, let’s get into some specific numbers.
#1. Walletinvestor Stox Prediction for 2020
Walletinvestor has a very pessimistic forecast. The token shows the bearish cycle and can the price can crash. In 2020, a token price can gain momentum and reach $0.028.
#2. TradingBeasts Price Prediction for Future
In a couple of years, the coin can reach the $0.033 point.
#3. Cryptoground STX Prediction for 2020
According to the Cryptoground, the average price in 2020 will be $0.033.
#4. Digitalcoinprice Prediction of Stox Crypto in 2020
Digitalcoinprice offers the most interesting Stox price prediction. In 2020, the STX coin is going to cost nothing. Literally $0.
Buy STX at Changelly with USD, EURO or GBP
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.