Stratis (STRAX) Trading 21.1% Lower Over Last Week

Stratis (STRAX) traded down 1.6% against the dollar during the 24 hour period ending at 8:00 AM Eastern on November 5th. One Stratis coin can now be purchased for $0.0250 or 0.00000024 BTC on popular cryptocurrency exchanges. Stratis has a total market cap of $21.46 million and $1.02 million worth of Stratis was traded on exchanges in the last day. During the last week, Stratis has traded down 21.1% against the dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Ethereum (ETH) traded down 4.3% against the dollar and now trades at $3,348.19 or 0.03264333 BTC.
• Cardano (ADA) traded 0.3% lower against the dollar and now trades at $0.54 or 0.00000524 BTC.
• Cronos (CRO) traded down 2.9% against the dollar and now trades at $0.12 or 0.00000118 BTC.
• Hedera (HBAR) traded 1.1% lower against the dollar and now trades at $0.17 or 0.00000167 BTC.
• Avalanche (AVAX) traded up 1.3% against the dollar and now trades at $16.71 or 0.00016291 BTC.
• Uniswap (UNI) traded 2.4% higher against the dollar and now trades at $5.27 or 0.00005142 BTC.
• Internet Computer (ICP) traded down 3.7% against the dollar and now trades at $4.92 or 0.00004801 BTC.
• NEAR Protocol (NEAR) traded up 0.3% against the dollar and now trades at $1.88 or 0.00001835 BTC.
• Algorand (ALGO) traded up 0.1% against the dollar and now trades at $0.16 or 0.00000154 BTC.
• Cosmos (ATOM) traded up 2.3% against the dollar and now trades at $2.61 or 0.00002546 BTC.

Stratis Coin Profile

Stratis is a proof-of-stake (PoS) coin that uses the X13 hashing algorithm. Its launch date was August 9th, 2016. Stratis’ total supply is 130,635,514 coins. Stratis’ official Twitter account is @stratisplatform and its Facebook page is accessible here. The Reddit community for Stratis is https://reddit.com/r/stratisplatform and the currency’s Github account can be viewed here. The official message board for Stratis is www.stratisplatform.com/news. Stratis’ official website is stratisplatform.com.

According to CryptoCompare, “Stratis is the native value currency in the Stratis Platform, it fuels the creation of private and public custom blockchains for corporate use. The Stratis Platform offers a one-click deployment system for custom blockchain deployment. These blockchains can be customized to suit the companies' needs, and can even be deployed to mimic the features of popular blockchains like Ethereum or Lisk, which can be tested individually or in parallel.The Stratis team will also function as a London Based consultancy agency that will help businesses to deploy the blockchain that best suits them.On the 12th of November, 2020, Stratis lauched a new blockchain and finalized their token swap. The new Mainnet enables flexibility and allows development in a more agile manner, while providing a platform for the development and deployment of DeFi based Smart Contracts.In the official STRAX Blockchain launch announcement, Stratis lists the following enhancements to the platform:Block Reward Increase and Cirrus Sidechain Incentivization, Block Time Reduction, Cold-Staking Activation, Cross-Chain-Transfer Time Reduction, Improvement to Blockchain data stores, Increase of OPRETURN Capacity, Masternode Dynamic Membership, Masternode Collateral Increase, Removal of Legacy Node Support, Segregated Witness Activation.STRAX distribution was performed by an automated script executed on the 12th of November 2020 crediting those who had participated in the initial Token Swap period. Token Swap requests after the initial Token Swap period (15th October 2020 until 9 AM GMT on 12th November 2020) will be subject to an additional defined manual process to prove ownership of funds instead process defined above.”

Buying and Selling Stratis

It is usually not currently possible to purchase alternative cryptocurrencies such as Stratis directly using US dollars. Investors seeking to trade Stratis should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Stratis using one of the exchanges listed above.

STRAX/USD price chart by TradingView