Stratis increased by more than 6% in a 24 hours period and is now trading at $1.62 after a small decline of less than 4 percent in the past 7 days.
Stratis is a cryptocurrency launched in 2016 by Chris Trew. It works as a Blockchain-as-a-Service platform that helps businesses and large corporations to develop their own blockchains. This way, businesses can create a private blockchain that will only be used by that particular company and it will be unique. That blockchain will run as a private side chain on the main Stratis blockchain so this way Stratis can scale all transactions done off the main chain.
Because the two biggest players Bitcoin and Ethereum are constantly facing some minor issues, people will always get concerned. That is where Stratis comes in. The advantage of Stratis is that it uses and allows complete sidechains that do not mess with the primary blockchain. This means that companies and investors can be peaceful that their tokens cannot be compromised.
Stratis is currently on the number 50 on the market cap list and has a total market cap value of $140 million. At the end of 2017, Stratis was in a quite significant bullish run just when the market started from a low of $2.25 and later extended to the highest value of $26.94 in January of this year. That was a price increase of over 1.000 percent. The price continued to fall in February as well and then settling in March finally. The price level provided support as the market rebounded. During the summer, the price fell below $.88 and reached $1.20 this month.
Stratis still has a lot of room to grow so we can surely expect more from it!
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