STPT Price Analysis November 2022

STPT is a token of the platform STP. Its current price is around $0.03446 at the time of writing, with a low it of $0.0241, and it has a market cap of 57 million dollars.

What is STP (STPT)?

STPT is the coin of the STP platform, which is around $0.03446 at the time of writing, with a low of $0.0241. It reached a high of $0.18441, and its current ranking is #299, according to CoinMarketCap, with a market cap of 57 million dollars. STP is an ecosystem that specializes in DAOs. The platform addresses inefficiencies of DAOs through a suite of tools, the Verse Network.

The Standard Tokenizaton Protocol is a relatively new open-source standard that defines how tokenized assets are issued and transferred while complying with all necessary regulations. The STP standard enables compliance across jurisdictions and gives complete control over creating tokens.

STPT Coin Market Analysis 

STPT has a total supply of 1,942,420,283 coins worth around $0.03446 with a market volume of 146 million dollars, whereas the market capitalization is 57 million dollars at writing. Analysts seem to think that the price of this asset will go up in the long term and have given it a 61% chance of bringing at least a 50% return within one year.

STPT Crypto Price Prediction

In the 4H timeframe, the price action of $STPT/USDT has broken the ascending triangle horizontal resistance zone. We can see a good bounce upwards. Currently, the price is retesting the ascending resistance zone after a successful retest. We will see well gain in STPT.

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Stpt Price Analysis
STPT Price Analysis

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Research before investing.

Pratyaksh
Pratyaksh

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