StormX (STMX), one of the first global crypto-based solutions to reach international markets, managed to penetrate the crypto market as an internet browser extension and mobile phone app to introduce cashback to users.
Cashbacks have been used over the years as a promotional tool to encourage online purchases using credit cards. StormX bridges the gap between fiat-based cashback and crypto cashback in a unique way that ensures the longevity of the entire project.
StormX has established itself as a pioneer in the crypto cashback industry; with incredible cashback percentages of up to 87.5%, the platform is clearly ahead of fiat-based cashback programs.
Today’s StormX price is $0.007048 with a 24-hour trading volume of $33,124,003. StormX is up 3.04% in the last 24 hours. The current CoinMarketCap ranking is #294, with a live market cap of $70,484,125. It has a circulating supply of 10,000,000,000 STMX coins and a max. supply of 10,000,000,000 STMX coins.
Before we analyze StormX price prediction for 2022 and beyond, let’s look at what makes StormX unique.
What is StormX?
StormX provides an integrated platform that allows interaction between fiat-based purchases and crypto rewards. The platform is unique in the sense that it is seamlessly intertwined with the overwhelmingly popular fiat purchases.
Reportedly, for the digital assets to get adoption by the general public, acquiring crypto has to be made easier, likewise its use and safer to hold. StormX has been able to provide these features with its integration of a non-custodial wallet, over 500 retail partners, and an ease-to-move token.
The long-term forecast of StormX is extremely bright since it goes a step further in integrating everyday purchases with the cryptocurrency market. This way, it facilitates a smooth integration of crypto into the mainstream fiat-based market.
StormX is the exclusive blockchain partner of the Portland Trail Blazers enabling crypto cashback and chrome extension aiming to make earning crypto easy and accessible for anyone. StormX is the Trail Blazers’ first International Rights Partner as part of the NBA’s International Team Marketing Program aimed to engage fans around the globe
What does this mean for cryptocurrencies and StormX in general?
Well, with the successful launch of the project back in 2015, the platform has managed to introduce several non-crypto experts to the crypto industry. It tends to include a wide range of shoppers in the crypto space, making it one of the most prominent marketers of cryptocurrencies.
Additionally, Stmx price has increased over the years. The blockchain platform has expanded its usability to include profit-making features. For instance, today, token holders on the platform can stake StormX tokens to earn more returns.
StormX users can interact directly with smart contracts on the blockchain to earning interest by locking their crypto tokens. Currently, StormX has partnered with nearly 750 e-commerce stores that are already part of the StormX cryptocurrency cashback program.
For long-term holders, it is essential to note that StormX has received considerable funding from investors due to its strong reputation and promising future. The native token has garnered significant price gains over the years, and the bullish momentum is projected to continue.
Let’s analyze StormX price prediction by carefully examining its price history using technical and fundamental analysis of the price action.
How does STMX work?
The power of the blockchain is combined with traditional cashback to create something so easy ANYONE can use it.
Pros and Cons of Investing in StormX
Purchasing cryptocurrencies is considered a risky venture since several risks are involved when buying in a speculative industry like the cryptocurrency market. However, more cryptocurrency tokens are considered to be riskier than others; for instance, nearly all Altcoins are riskier investments compared to Bitcoin because Bitcoin has enough market validation, and most Alts are still dependent on the performance of Bitcoin price.
Similarly, STMX price is massively dependent on the Bitcoin price trajectory; in essence, whenever Bitcoin value appreciates, the price of StormX appreciates as well.
Essentially, the risks involved when buying and holding in StormX are also highly dependent on the sustainability of the StormX project itself, its longevity, and, most importantly, what it offers to its holders. Below are some reasons for buying and holding StormX based on the price of StormX and its forecasted price.
Pros of investing in StormX
Based on StormX price prediction, the crypto token’s price prediction indicates long-term bullish momentum. STMX price will continue to increase in value over time to record new all-time highs in the future, making a generally lucrative investment.
- StormX gives you a chance to participate in a long-term blockchain project that seeks to popularize cryptocurrencies in the mainstream online shopping industry through cashback, which is a promising venture in the crypto space for the long-term
- StormX forecast indicates a strong bullish trend from 2021, meaning long-term holders stand a chance to multiply their money considerably over a more extended investment period.
- StormX is an investment that shows solid future bullish trends, and chart analysis indicates that it’s a good time for long-term holders to join in. The digital asset has decreased in value over time but has managed to withstand more persistent bearish trends. Chart research shows that trading volume is continuously increasing, which will, in turn, lead to an inevitable rise in the token price.
- The StormX coin is part of the ERC-20 digital currencies directly linked to the blossoming Ethereum blockchain. Buying and holding StormX coin allows users to benefit from the security features and support of the Ethereum blockchain.
Cons of investing in StormX
Equally, there are demerits of buying and holding Altcoins with low market dominance. There is a significant risk of the collapse of the entire project if everything goes south within the organization. Due to such reasons, it is crucial to account for your investment decisions by doing your own reading before committing to a specific cryptocurrency token.
- StormX is a speculative project, and the STMX price depends on the success of the platform. Buying and holding the Stmx coin requires careful analysis of the project to determine its longevity.
- A profitable venture in the long term needs to provide potential massive gains ; ideally, StormX can happen to be a profitable venture, but as it stands, there is a sign that the token will appreciate at a much slower pace than other crypto tokens.
StormX Price History
StormX originally appeared on the open market in late 2017, with a price of $0.023 on December 22 of that year. The cryptocurrency market turned bullish in late 2017 and early 2018, and STMX was no exception. The coin reached an all-time high of $0.2466 on January 9, 2018, which remains the crypto’s all-time high.
The coin’s performance in early 2022 was poor, with STMX continuing on a downhill path that not even a relationship with the online poker-related site PokerGo could save it from. The decline lasted until February 22nd, when it dipped to a 12-month low of $0.01165.
Since then, there had been some recovery, and on April 3, the token was trading at a new three-month high of $0.02738. However, the price has dropped since then. Following lows of $0.01344 on May 1, the coin remained on a general downturn, reaching a new 13-month low of $0.00661.
StormX Technical analysis
StormX price analysis indicates the prices in the last month have been making lower lows and lower highs in a descending channel formation. This is a bearish sign which suggests that the prices may continue to move lower in the near term. StormX’s current trading price is $0.007506 and the price is up by 8.17 percent.
The recent price action has seen StormX break below the support of the descending channel and the next level of support is seen at around $$0.006729. A further break below this level could see StormX prices testing the next support level at around $0.006500.
The RSI indicator is currently trading near the oversold levels which suggests that the prices may see a short-term rebound in the near term. However, the prices need to sustain above the $0.007000 levels for the rebound to extend further.
The MACD line is currently trading below the signal line which is a bearish sign. The MACD histogram is also in the negative territory which supports the bearishness in the prices.
StormX price analysis indicates that the prices are likely to continue moving lower in the near term as they have broken below the support of a descending channel formation. The next level of support is seen at around $0.006729 and a further break below this level could see the prices testing the next support level at around $0.0065.
The moving averages lines are currently trending downwards which is a bearish sign. The 50-day moving average line is currently at around $0.007362 and the 200-day moving average line is currently at around $0.007917.The 200-day moving average line is currently acting as a strong resistance for the prices.
StormX Price Prediction
Digital Coin Price
DigitalCoinPrice’s forecast for STMX is even more cautious in the long term but provides bullish short-term projections. The site suggests that the coin could reach $0.0127 in June, representing an upswing of 40%. DigitalCoinPrice also predicts a general year-on-year uptrend, hitting an average of $0.0418 in 2030.
Tech News Leader
Technews leader is bullish on short-term prospects but more cautious on the long-term future of the project. The site believes that STMX could hit a maximum of $0.13 by December 2022. However, they are less optimistic about the longer-term prospects of the coin, predicting that it will fall back to around an average of $0.036 by 2025.
Price Prediction net
Price Prediction net is giving a bullish outlook on StormX prices as they foresee the prices reaching $0.039 by the end of 2025. For the short term, they are predicting StormX prices to reach $0.012 by the end of 2022. The long-term prospects of the project look promising as the prices are expected to continue moving higher. However, the short-term prospects may not be as rosy as the prices are expected to remain under pressure in the near term.
StormX Price Prediction 2022
StormX price prediction projects the price to hit a maximum of $0.012 by December 2022 and then fall back to an average of $0.010.The minimum price could be reached by December 2022. However, the long-term prospects of the project look promising as they foresee the prices continuing to move higher and reach $0.015 by January 2023.
StormX Price Prediction 2023
The year 2023 looks to be a bullish year for StormX as they predict the prices to reach a maximum of $0.017 by December 2023. The minimum price of $0.015 could be reached and an average price of $0.016 is also possible.
StormX Price Prediction 2024
StormX price forecast for the year 2024 indicates the prices may soar to a maximum trading price of $0.026 by December 2024. The minimum price could be $0.022 and an average price of $0.020 is also possible.
StormX Price Prediction 2025
Looking at the 2025 StormX price prediction, the prices are expected to continue moving higher and reach a maximum of $0.039 by December 2025. The minimum trading price could be $0.032 and an average price of $0.033 is also possible.
StormX Price Prediction 2026
StormX price is expected to reach an average price of $0.046 by December 2026. The maximum price could be $0.058 and the minimum price could be $0.036.
StormX Price Prediction 2027
Storm X cryptocurrency is expected to reach an average price of $0.050 by December 2027. The maximum price could be $0.078and the minimum trading price could be $0.067.
StormX Price Prediction 2028
StormX is expected to achieve a minimum price of $ 0.96 in 2028. Throughout 2028, the StormX price might reach a maximum of $0.12, with an average trading price of $0.100.
StormX Price Prediction 2029
The digital asset is expected to have a good start to the year as it might reach $0.14 in January 2029. The price might find some support around this level and continue its growth to $0.145 by the end of February. In the following months, StormX might correct to $0.130 and then start growing again to $0.17 by the end of the year. The average price for 2029 might be around $0.14.
StormX Price Prediction 2030
The beginning of 2030 might not bring any significant changes and the price of StormX might remain around $0.19-$0.20. In February, the coin might start growing again and reach $0.21 by mid-year. The end of the year might be good for cryptocurrency holders as the price might reach $0.25.
StormX Price Prediction 2031
StormX price prediction for 2031 shows that the coin might reach an average price of $0.29, with a maximum price of $0.35 and a minimum price of $0.29.
StormX Price Prediction by Industry Influencers
StormX experienced the latest jolt which sent prices soaring by over 180%, raising its market capitalization to $495,667,431.83 after a YouTube video by JRNY Crypto hit the internet. This latest occurrence makes it hard to ignore the important role that YouTube crypto influencers play in the ecosystem.
StormX was one of several currencies that hit all-time highs during the cryptocurrency craze of late 2017 and early 2018. To go back to that level, it would have to expand at a near-exponential rate from where it is now. That isn’t to say it won’t happen, but you should be aware of the possibility.
Even though the StormX platform offers users a debit card, you should be aware that the platform does give its users crypto in cashback. However, because other, more popular cryptocurrencies are also available through the scheme, this does not mean that a larger uptake of StormX will necessarily lead to an increase in the token’s popularity.
However, as always it should always be an investor’s number one priority to do their own research and seek professional financial advice.