Statera price prediction: What is Statera (STA)?

Can Statera build on its recent price boom?

STA                                 
Will STA be able to build on recent growth? – Credit: stateratoken.com
                                

Contents

Statera shocked the crypto world when its price skyrocketed on 9 August 2022, but what is Statera (STA)? Let’s see what we can find out, and also take a look at some Statera price predictions.

Statera explained

In the world of cryptocurrency, one of the biggest issues is giving people the opportunity to trade on indexes and similar financial products that are commonplace in the world of stocks and shares. While there are plenty of different cryptos out there, it can be somewhat tricky to know which one is the right option for you. It can also be difficult to invest in a group of cryptocurrencies in general. 

One potential answer comes in the form of the Statera platform. As the system’s whitepaper says: “Statera is a community-driven indexed deflationary ecosystem, which synergizes with a trustless and community-driven portfolio of class-leading cryptocurrencies.

“Our unique in-built arbitrage mechanism multiplies volume with every trade, resulting in higher fees paid out to liquidity providers. When combined with blue-chip assets (as in the Dante Symphony pool), this enables one to hold a high-quality suite of assets with an added return on investment through turbocharged trading fees.”

The system is based on a series of liquidity pools, where, according to the website: “All tokens maintain a share of the portfolio's value through the use of a smart-contract portfolio manager. When an asset’s ratio increases relative to the others, the portfolio will rebalance itself by selling the token that has gained value.”

Every blockchain-based network needs to have its own native token, and Statera has two. There is the STA token and the wSTA token. STA is designed to serve as a deflationary token, which means that a certain amount of the token is burned, or removed from circulation, on a regular basis. Meanwhile, wSTA works in the same way, but can only be made by converting STA to wSTA at a rate of 99 wSTA to 100 STA. The wSTA token can also be unminted at any time on the Ethereum network, returning STA to the holder.

It is worth noting here that STA is based on the Ethereum blockchain. This means that, technically speaking, it is a token, rather than a coin. While you will see references to such things as a Statera coin price prediction, those references are, strictly speaking, inaccurate. 

The STA token first came onto the open market in 2020. While there are no named founders, there is some evidence to suggest that it was the brainchild of one Scott Botha, a blockchain expert from South Africa. Whether this is the case, or whether Scott Botha, whose LinkedIn page no longer exists, is actually a real person or not, is another matter entirely. 

Statera price history

It’s now time to take a look at the STA price history. While past performance should never be taken as any indicator of future results, knowing what the token has done in the past can help us if we either want to interpret a Statera price prediction or make one of our own. 

STA first came onto the open market in July 2020, it was worth a little over $0.01. The token then moved upwards, going on a rally which led to it reaching $0.3629 on 11 August, but then it fell back down, trading at around $0.07 at the end of the year. The start of 2021 saw the cryptocurrency market enter a bullish phase, as US Covid-19 stimulus cheques found their way into the crypto ecosystem, and STA responded well, reaching periodic highs of over $0.21 in late January and over $0.15 at the start of April.

Things went downhill, though, and matters were made worse by the Great Crypto Day Crash of 19 May 2021, which led to STA and the crypto market in general slumping throughout the summer. There was a small return to form from August, when the market was boosted as a growing interest in non-fungible tokens (NFTs) triggered a market recovery.

It was in early November, though, that things started to get interesting for STA again. It was at this time that the market grew in response to Bitcoin hitting an all-time high and Statera, which had spent much of the previous six months or so under $0.05, reached $0.07515 on 8 November before dipping back down and then rallying back to reach $0.09134 on 15 November. There was some downturn after that, though, as the market contracted owing to concerns surrounding the Omicron variant of Covid-19 and STA closed the year at $0.03734.

Statera price history
Statera price history – Credit: Currency.com

If 2021 was a strong year for crypto, 2022 has, on the whole, proven to be the opposite so far. That said, STATERA has been a crypto that, as we will see, has ultimately outperformed the market – although we do not know how long that outperformance will last. Initially, though, things went downhill, with the token hovering around the $0.02 mark in January, but there was a recovery in February, reaching a high of $0.1077 on 17 February before a market downturn, coupled with Russia’s invasion of Ukraine, saw it fall to $0.06292 on 24 February.

There was some recovery in March, as the coin went on a rally late on that culminated in a high of $0.09668 on 3 April, but then, as China imposed a crypto ban, things fell down and the token closed the month at $0.03209. May was even worse, though, as the depegging of the UST stablecoin and the collapse of the LUNA cryptocurrency meant that STA fell to a low of $0.01126 on 12 May. There was some fightback after that, but the cancellation of withdrawals on the Celsius crypto lending platform confirmed that cryptocurrency was in a bear market and STA dropped below $0.01 on 10 June.

The token went down for the next two weeks or so but then, on 26 June, a freakish spike sent it very briefly to an all-time high of $6,335.09. This bizarre occurrence looked like a blip, as on 30 June STA sank to an all-time low of $0.005158.

After that, there was some slow recovery and, at the end of the day on 8 August, the token was worth $0.007277. As of 9 August at around 02:25 BST (UTC +1), though, the token experienced another surge, breaking close to $86 and later that day, it was worth a little under $82. At that time, there were 79,024,846.47 STA in circulation out of a total supply of 79,025,101. This gave the token a market cap of around $6.4bn making it the 203rd largest crypto by that metric.

Statera price prediction

With that all said and done, let’s take a look at some of the Statera price predictions that are out there. It is worth noting that price forecasts, especially when it comes to something as volatile as cryptocurrency, are very often wrong. Also, long-term crypto price forecasts are often made using an algorithm, which can change at a moment’s notice.

First, DigitalCoinPrice seems to be rather optimistic in its Statera crypto price prediction. The site says that the token should reach $111.76 this year, before moving to $123.67 in 2023 and falling slightly to $121.95 in 2024. By 2025, there should have been a recovery to $160.34, but the crypto could well drop to $148.31 in 2026. In 2027, though, the STA token price could go back up to $263.31, before it moves to $341.87 in 2028 and closes the decade at $341.87. The site goes on to make a Statera price prediction for 2030 of $379.21 and thinks it can reach $443.36 in 2031.

Next, CoinArbitrageBot implies that STA’s recent surge could, instead, be a temporary thing, arguing for a Statera price prediction for 2022 that saw it back to around $0.0709. The site then thought there would be some more sustainable growth in the years ahead, though, forecasting the token to reach around $0.126 in 2023, about $0.204 in 2024 and just over $0.33 in 2025. 

Meanwhile, Gov Capital has a STA price prediction that thinks the coin will dip slightly from recent levels to close the year at a little under $68.68. By 9 August 2023, the site says, STA should be worth a fraction of a cent under $105.20. A year on from then, the token could be worth between $123.41 and $123.42. The site makes a Statera price prediction for 2025 that sees it start the year back down to just under $74.61, with it reaching a little below $114.14 on 9 August and closing the year down again to $84.86. On 9 August 2026, the site argues STA will be worth $130.62, before it slips to $128.08 12 months after that. 

Finally, WalletInvestor’s Statera token price prediction sees a return to lower levels in 12 months time, arguing that, in August 2023, the crypto will be worth $0.162.

Final thoughts

A few final things before we finish. First, while, as of 9 August 2022, STA had experienced a massive surge, there is no way of telling what caused this surge or what might happen next. Keep in mind that it was only six weeks or so before that the token spiked to a record level of more than $6,000 before it fell back down as suddenly as it had risen.

Second, the purpose of STA does seem to be a little bit vague, with the details of the token wrapped up in a swathe of jargon. It may not be the right crypto for someone who does not have an encyclopedic knowledge of either the blockchain or investing in general.

Third, there is still some ambiguity as to the founder of the token. Whether or not it is Scott Botha – or if Scott Botha even exists – is something that might well remain unanswered, much to the chagrin of potential investors who want to have someone to hold accountable. As always with crypto, you will need to act cautiously before making a decision to invest in Statera.

FAQs

How many Statera are there?

On 9 August 2022, there were 79,024,846.47 STA in circulation out of a total supply of 79,025,101.

Is Statera a good investment?

It is somewhat hard to say in the light of the recent price surge. A lot will depend on whether or not it can build on the levels it enjoyed on 9 August. It is very important that you do your own research before investing in STA.

Will Statera go up?

It might do, but then again, it might not. The recent boom in the STA token price may well have taken a lot of people by surprise, so what happens next is anyone’s guess. It is also important to remember that cryptos can be very volatile, and prices can go down as well as up.

Should I invest in Statera?

This is something you will have to decide for yourself. Before you do so, you will need to do your own research, remember that prices can go down as well as up, and never invest more money than you can afford to lose.

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
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