Stratis cryptocurrency updates and predictions

When the ICO – (Initial Coin Offering) of Stratis was made in 2016, the price was $0.023. At the time, it was not feasible for anyone to see the altcoin rising by 46,000% to more than $10.5 in less than 18 months. But as Stratis CEO Chris Trew once said, “My goal is top three market cap. I see anything else as a failure so the future looks bright”. And indeed it looks bright for this cryptocurrency.

Stratis is a relatively new altcoin and is Blockchain-based. C# applications on the dot NET framework have been employed to develop it. In an announcement made on December 2^nd, the company said that it had completed the development of the Stratis Academy Learning Management System (LMS). With the introduction of the academy, developers can learn and collaborate with other developers who are learning Blockchain development. The course content will range from getting started with the Stratis Blockchain to developing apps which use Stratis Development Framework. The company hopes that within the Q1 of 2018, the structure of courses will be completed.

The growth of Stratis Cryptocurrency

There is no doubt that this altcoin, like many of the new cryptocurrencies in 2017, has made major strides this year. Until May, this altcoin had never touched the $1.00 mark. However, just when the price buzz of the cryptocurrencies was starting in May, Stratis was not to be left behind. Since May, the lowest it has dropped is $2.70.

The market capitalization of Stratis is $1 billion or an equivalent of 61,952 BTC. The circulating supply of the Cryptocurrency is 98 million just as it was at the ICO. It has been growing at a steady rate month-to-month. On 1^st November, the price was $3.17 while the market capitalization was $312 million. On 1^st December, the $5.72 while market capitalization was $524 million. This steady growth has continued to-date.

How does it compare with the other altcoins?

Unlike Ethereum this crypto uses Sidechain, this altcoin’s Smart Contracts Language (SCL) is C# and .Net whose learning curve is fast and easy. On 8^th December, Stratis announced the availability of its Masternodes in beta version. Masternodes were first released in October 2017. This has enabled the company being able to move this technology onto Bitcoin Mainet and Straits.

According to the announcement, Masternodes comes with discoverable and resilient service on the blockchain. This service is implemented through a client discovery protocol and a node service advertisement protocol. The announcement further stated that the Breeze Wallet alongside Breeze Privacy Protocol Mainet beta release will be available on the 11^th December. The live alpha test Masternode server will not be available anymore.

How does the future look like for Stratis?

The CME and CBOE derivative exchanges have been given the green light to list Bitcoin. The effects of this decision are being felt already not only by the Bitcoin traders but the rest of the Cryptocurrency market. The entering of the cryptos into the mainstream will definitely affect and influence Stratis. While in the short-term the effects of the crypto going mainstream can be seen to be positive, no one can really tell how things will look like in the long-term.