Stp Network: Is Stpt A Good Investment?

The Standard Tokenization Protocol (STPT) is a cryptocurrency that powers the Verse Network, a suite of infrastructure and native tools that enable efficient decentralized decision-making for users, communities, and organizations. STPT is currently used on several platforms, including Blockzone.com, where it allows users to participate in events like airdrops, bounties, and virtual staking. The current CoinMarketCap ranking of STPT is #381, with a live market cap of $83,996,297 USD. The price of STPT has been volatile, with a 52-week range of $0.043243 - $0.19 USD. As of March 2024, the live price of STPT is $0.07735 per token, with a 24-hour trading volume of $10.50 million USD. Given this information, is STPT a good investment?

Current market value and price volatility

The live STP price as of March 25, 2024, was $0.07735 per STPT, with a 24-hour trading volume of $10.50 million. The market cap was $150.25 million, and the circulating supply was 1.94 billion STPT. The price of STPT has been volatile, with a 3.37% price volatility over the last 30 days. As of March 25, 2024, the price of STPT had increased by 4.86% in the last 24 hours, but it was still 77.14% below its all-time high of $0.19.

STPT's price has seen some positive movement since March 2024. As of May 24, 2024, the price was $0.054045, and as of July 12, 2024, the price had increased to $0.0440. The 24-hour trading volume on July 12 was $7.71 million, and the market cap was $85.48 million. The price continued to fluctuate, and as of August 10, 2024, the 24-hour trading volume had decreased to $3,128,072.77, representing a 17.90% drop in market activity. The price of STPT as of August 10 was $0.04054, with a market cap of $2.216 trillion. The most recent data, from August 22, 2024, shows the live price of STPT as $0.043243, with a 24-hour trading volume of $3,114,312. The market cap is $83,996,297, and the circulating supply is 1,942,420,283 STPT.

The Standard Tokenization Protocol (STPT) price prediction for the rest of 2024 and beyond is mixed. According to one source, the price of STPT is predicted to decrease by 11.43% over the next month (by June 23, 2024) and reach $0.047868. The price prediction for 2025 is between $0.042789 and $0.114257, and for 2030, it is between $0.082216 and $0.428397. Another source predicts that STPT could reach $6.37 by January 1, 2050, representing a 1,746.62% increase from current prices.

Overall, STPT has seen some positive price movement since March 2024, but the long-term price predictions are mixed, with some sources predicting further decreases in price, while others forecast significant gains in the coming years.

Predicted price changes

The price of Standard Tokenization Protocol (STPT) is predicted to be volatile in the coming years, with potential for both gains and losses. Here is an overview of the predicted price changes for STPT:

Short-Term Predictions (2024):

According to predictions as of May 2024, the price of STPT is expected to drop in the short term. The token is forecasted to reach $0.047868 by June 23, 2024, representing an 11.43% decrease from the current price. The sentiment for the short term is bearish, and it is not considered a good time to buy. The Relative Strength Index (RSI) value of 44.42 indicates a neutral position for the STPT market.

Mid-Term Predictions (2025):

For the year 2025, the STPT price prediction is estimated to be between $0.042789 and $0.114257. This represents a potential gain of up to 110.99% compared to the current price if the upper price target is reached. The mid-term predictions indicate the potential for a significant price increase for STPT.

Long-Term Predictions (2030):

Looking further ahead, the long-term price prediction for STPT by 2030 is estimated to be between $0.082216 and $0.428397. This forecast suggests a substantial potential gain of up to 691.09% if the upper price target is achieved. The long-term outlook for STPT is positive, with the possibility of significant price appreciation.

Historical Performance:

It's worth noting that the price of STPT has experienced volatility in the past. As of March 2024, the token's price was $0.07735, and it has since decreased. As of August 2024, the price is around $0.04, representing a decline from its previous levels. The all-time high for STPT was $0.19, and the token is currently trading significantly below that level.

STPT's use cases

STPT, or Standard Tokenization Protocol, has a wide range of use cases, particularly in the Decentralized Autonomous Organizations (DAO) space. Here are some of the key use cases for STPT:

DAO Activity Facilitation

STPT seeks to facilitate DAO activity throughout its entire lifecycle, from inception to maturity. It supports customized DAO tooling and DAO-focused decentralized applications (dApps) within its ecosystem. These dApps can include:

• DAO builder dApps: Allow organizations to create and manage customized DAOs seamlessly.
• DAO participation dApps: Expand the ability and incentives for members to participate in DAOs across different platforms.
• DAO reputation dApps: Score credibility and reputation based on past activities like voting.

Governance

STPT holders can participate in the governance of STPT and the Verse Network. The Verse Network, powered by the Ankr BNB Chain-Application-Sidechain (BAS) framework, is designed to make decentralized decision-making more efficient for users, communities, and organizations. It also makes DAOs more accessible by removing barriers such as high gas fees and complicated user experiences.

Cross-Chain Governance

STPT's governance SDK enables Ethereum and EVM-compatible communities to execute governance on Polygon's Matic Network without the need for bridging or issuing new tokens. This allows users to benefit from Polygon's speed, low gas fees, and scalable capabilities.

Medium of Exchange

STPT is the primary medium of exchange on the STP's Verse Network, where all transactions on the platform are paid in STPT.

Where to buy STPT

As of May 2024, Standard Tokenization Protocol (STPT) is predicted to be a bad investment. However, if you still want to buy STPT, you can do so on the following crypto exchanges:

• Binance: This is the top exchange by buy/sell volume for the last 24 hours. To buy STPT on Binance, you will first need to register for an account and then hover over the 'Buy Crypto' option to select your preferred payment method. Once you have added your payment details, you can select the cryptocurrency you want to buy. In this case, you will need to select STPT as your desired coin. Next, enter the amount of USD you want to spend, and click 'continue'. Finally, you will need to go through a verification process before receiving your coins in the Binance wallet.
• Bybit
• Bitget
• ZOOMEX
• WEEX
• Upbit
• Huobi

STPT's history

Standard Tokenization Protocol (STP), also known as STPT, was co-founded in 2019 by Mike Chen, Sinhae Lee, and Richard Lee. It is a project that seeks to establish an identity layer for Autonomous Worlds, offering stability, scalability, customizability, and security. Its platform, Clique AW, uses account abstraction to support the next wave of builders and users in Autonomous Worlds.

In Q4 of 2021, STP launched the Verse Network, a suite of native tools and infrastructure that aims to make decentralized decision-making more efficient for users, communities, and organizations. The Verse Network intends to make Decentralized Autonomous Organizations (DAOs) more accessible by removing barriers such as high gas fees, complicated user experiences, and complex methods of voting and governance.

The Verse Network is powered by the Ankr BNB Chain-Application-Sidechain (BAS) framework, which is built with flexible, convenient, and easy-to-use multi-modular blockchain architecture. The core modules of this architecture include the Parlia Consensus Engine, Pool Staking, Governance, Dynamic Runtime Upgrades, and Reward Management. These modules are built with System Smart Contract and Ethereum Virtual Machine (EVM) machines.

STPT is the native token of the Verse Network and is used as gas for all transactions on the platform. It is also used as the governance token for the Verse Network and its broader DAO ecosystem. At the time of writing, the circulating supply of STPT is 1.9 billion, with a market cap of $83,996,297 USD.

STPT has a wide range of potential use cases, particularly in the realm of DAOs. It seeks to facilitate DAO activity from inception to maturity by supporting customized DAO tooling and DAO-focused decentralized applications (dApps) in its ecosystem. These dApps can include DAO builder, participation, and reputation dApps, as well as DAO market data tools that offer analytical insights to users.

Frequently asked questions