Status Coin Price, Stock, Value, Prediction, Mining, Market Cap will be discussed here. Read the full article to know more.
What is Status Coin?
Status (SNT) is a decentralized cryptocurrency that functions as a messaging service. It is designed to be used on both desktops and mobiles. Ethereum-based decentralized applications (dApps) are actively supported. They’re based on peer-to-peer (P2P) technology to provide you with more control and accessibility.
It enables quick access, browsing, and seamless interaction with the Ethereum blockchain’s dApps. The main goal was to transmit and receive encrypted communications while integrating with a digital crypto wallet. Also, it tries to encourage people to utilize the Ethereum network.
Status Coin History
After working on numerous projects for six years, Jarrad Hope and Carl Bennets created Status on January 4th, 2017. Status has been entirely self-funded by the project’s creators, except for an early Development Grant from the Ethereum Foundation. Since then, Status’ first public alpha was released on January 4th, 2017.
Status Coin Price Today
Status’ initial coin offering (ICO) garnered 182,000 ETH and generated over 1.63 billion tokens on the network. Not everything, however, went according to plan. Also, before the auction officially began, many people submitted transactions to the stated smart contract. As more customers hurried to complete their transactions for fear of losing out, the backlog grew, prompting many users to pay extra fees or fail transactions.
SNT is still a popular cryptocurrency today, despite concerns that the first launch was incorrect.
What makes Status (SNT) Unique?
Status is the first Ethereum-based decentralized mobile and desktop client.
Status makes use of cutting-edge technology and a peer-to-peer decentralization approach to guarantee that no third parties have access to a user’s data and that communication is private and safe. Also, Status has no idea who you’re speaking with or what you’re saying.
Also, by engaging in different activities on the Status network, users get value. The network incentives are constantly aligned to reward SNT holders and active participants since users are stakeholders.
Status Coins Advantages
Allows you to choose which network nodes give service to you.
Allows you to choose the kind of push notification provider you want to utilize.
You have complete control over your privacy settings since you may opt-in or out of any service.
Status Coin Disadvantages
Any push notification service you sign up for on Status will cost you money.
Currently, existing social media networks provide “free” push notification services.
Governance, the SNT Token, and Status
The Status app is a freemium open-source software that does not need users to submit a phone number, email address, or bank account when establishing an account. On the other hand, Status Network does not benefit from advertising or sharing personal user data with other parties. Thus the platform charges users microtransactions for alerts and storage to cover the project’s operating expenses.
Status is also a decentralized autonomous organization (DAO), which implies a centralized body does not govern the project. Instead, community members in the Status Network have complete influence over development, including whether ecosystem features will be adopted or changed. Status Network Currency, Status’ native ERC-20 token, enables this community-led governance mechanism (SNT). Holders of SNT tokens may decide how the project should be developed and vote on them. Any stakeholder on the Status Network may propose, and the weight of community members’ votes is proportional to the number of SNT tokens they own. Also, at the start of the network, the community mostly voted on software-related issues. However, as the network expands, the community will be forced to address and resolve more complicated social and structural concerns.
SNT is also utilized to access and power decentralized services on the Status Network. It includes paying for essential services like forwarded and offline messages and utilizing dApps like Status’ Teller Network, enabling SNT holders to swap cash for digital money and assets. Additionally, SNT is used to reward and incentivize users that run nodes, ensuring that the Status platform runs smoothly even if all the nodes in the Status-hosted cluster are down.
Status Coin Features
- Using the messaging app, receive P2P encrypted communications.
- Encourage people to utilize Ethereum dApps.
- Allows users to manage their digital currency transactions.
- Better access to smart contracts for the user.
- It creates an infrastructure that attracts users to foster a healthy community.
- It can be utilized as ERC-20 tokens.
- Providing more accessible access to the sticker market.
Status Coin Price
With a 24-hour trading volume of $5,146,846 and a price of $0.060970008478, the status price today is $0.060970008478. In the past 24 hours, the cost of SNT has dropped -3.0%. There are 3.9 billion SNT coins in circulation, with a total supply of 6.8 billion.
Status is a mobile operating system that will revolutionize how the Ethereum network is used throughout the globe. Status is a decentralized browser and private messaging that lets you connect to the whole Ethereum network straight from your phone. A status is a smartphone software that gives you access to Ethereum’s decentralized applications (apps). It paves the way for widespread acceptance of Ethereum dapps by focusing on the world’s fastest-growing computing segment: smartphone users.
The Status founders are attempting to bring a decentralized world to reality. Status is a chat hybrid and browser that enables regular smartphone users to access decentralized applications or apps. Both Android and iOS versions of Status are available. Status users may securely transmit, receive, and store Ether and other Ethereum digital assets on their phones. They may also find neighboring status users to trade cash, services, and ideas.
Status was initially presented to the public in September 2016 at DevCon2, an annual conference for Ethereum blockchain developers. Co-founders Carl Bennetts and Jarrad Hope talked about their Ethereum lite client plans.
Status Coin Value
The Ethereum platform serves as the foundation for Status. The status coin is an open-source messaging platform and mobile interface that works with Ethereum-based decentralized apps. Status is the first mobile Ethereum client built purely on peer-to-peer protocols, and this article provides a utility network token for it. On Coin360, you can see the current Status price. On Coin360.com, you can get SNT price graphs, market capitalization, and the latest news about the SNT currency.
Status (SNT) is now trading at 0.059863 USD, with a market value of 207,754,703 USD and a circulating supply of 3,470,483,788 SNT. This cryptocurrency has had a price change of -3.67 percent since yesterday. With a 24-hour volume of 1,477,032 USD, the SNT coin is traded on ten active marketplaces. It is now ranked #142 out of all cryptocurrencies.
With no maximum supply available, the current circulating collection of Status or SNT is 3,470,483,788 SNT. As of February 2022, the market capitalization is around USD 187,525,492.
SNT is an ERC-20 token that allows users to access and power the Status Network’s decentralized services. The Messari Disclosures Registry verifies it as an open-source project that anybody adapts to their unique requirements.
When it comes to the Status network as a whole, the primary objective is to create a completely decentralized communication platform that, over time, will be able to eliminate any third parties and reduce any attack vectors for hostile actors.
Messages are neither banned nor filtered, and when the user selects this option, they are pseudo-anonymous. Because the private keys are never disclosed, you may transfer, store, and receive coins and tokens using the Status wallet.
You surf via Web3, where no third parties access end-user data or browsing information.
The user’s identity in Status is established via a password-protected locally generated cryptographic keypair. The Status also employs the Waku protocol for peer-to-peer (P2P) communication, which depends on a network of peers to relay messages to one another.
Open Whisper Systems’ X3DH and Double Ratchet protocols have end-to-end encryption and complete forward secrecy. The bitcoin is kept in a non-custodial wallet with a signature phrase to keep phishing assaults at bay.
What is the Status Worth?
Status, or SNT, is a smartphone interface and an open-source messaging platform. Users may communicate with DApps running on the Ethereum blockchain using this interface. Users will get over 2,000 DApps in exchange and can send and receive encrypted communications peer-to-peer, make payments, and use smart contracts.
The platform’s currency, Status Network Tokens, or SNT, is used by the network. Also, the purpose of Status is to make Ethereum DApp adoption faster and more efficient.
There is also a users-as-stakeholders network, enabling the network’s behavior and software to align with an individual user’s interests. The contributors are working on a crypto-economic model, and peer-to-peer technology can keep the Status Network running smoothly.
Status Market Cap
Status (SNT) is a cryptocurrency token introduced in June 2017 based on the Ethereum network. Today’s Status (SNT) price is $0.0598839, and in the previous 24 hours, 96,868,647 SNTs were traded for a total of $5,800,869. Also, it is presently traded on 29 exchanges with 46 active market participants (s).
Ethereum and krw are the two most popular exchange pairings. In the previous 24 hours, the price has dropped by (-3.79 percent). It is ranked #185 with a market worth of $207.8 million and a circulation of 3.5 billion coins. Status collected $102 million in a crowd sale in June 2017. At the time of the ICO, one SNT was worth $0.0365592. The ATH (All-Time High) SNT in our database is $0.5921878 (4 Years 0 Month Ago). The lowest and highest prices for SNT in the preceding 52 weeks were $0.0322703 and $0.2739411.
Status Price Prediction
Price Prediction for 2023
The current price range may pique the attention of many traders. As a result, SNT might reach $0.099 by 2023 with significant collaboration with financial institutions if the following conditions are met.
A 2023 average price of $0.083 can outperform the current price trend and achieve new highs. Also, the price tagline may change as the cryptocurrency market continues to rise before 2023.
Price Prediction for SNT in 2023
Because of the efforts of network developers and community investors, the Status value will rise. As a result, the forecasted price for 2023 is favorable. Analysts predicted that SNT would reach a maximum price level of $0.14 by the end of 2023. On the other side, there is a strong likelihood that the Status’s future will improve. As a result, in 2023, the estimated average price of SNT will be about $0.12 to $0.12, depending on the market. The SNT’s maximum price varies from $0.12 to $0.14 for 2023, as indicated in the same tagline.
Price Prediction for 2024
For instance, Prices for Status (SNT) look to have reached a level comparable to their former all-time high by 2024.
For instance, may anticipate an average price of $0.17 by 2024. Also, if all goes according to plan, the highest status price in 2024 might be $0.20. Of course, after a lengthy bull run, the market may crash, which is to be expected in the cryptocurrency market.
Price Forecast for SNT in 2025
Many websites and forums provide a unified approach to this money. According to this prediction platform, the Status will remain stable at its current price for a very long time. The SNT is anticipated to reach a maximum value of $0.29 by 2025. Also, if the market becomes bullish, the minimum price might rise to $0.24.
Price Prediction for SNT in 2026
There are indications that the cryptocurrency sector is set to enter a new epoch. Sure that the long-term price projection for SNT will increase since there is still hope that the currency will get a lot more attention. With an average price of $0.38 and a minimum of $0.37, 2026 may finish with an average price of $0.38. Also, the highest possible price is estimated at approximately $0.43.
Price Prediction for SNT in 2027
SNT will be perceived as a superior choice, and the price of Status will reach new highs thanks to the large community. Price swings are challenging to forecast, mainly when the market is more bullish or bearish than ever. The cost of Status in 2027 will be about $0.50. We can only receive $0.64 as a maximum price. By 2027, the average price is expected to be approximately $0.52. For instance, a massive price turnover is predicted within the crypto market’s stated range.
Price Prediction for 2028
SNT has a lot of promise, and with the right partnerships and improvements, the number of users and adoption might skyrocket. If the market focuses only on investing in Status, the price may skyrocket. It can reach a maximum value of $0.88 by 2028. If the market falls, it is believed that the SNT will turn around a little. Also, with a minimum price of $0.74 and a maximum price of $0.88, 2028 might finish with an average price of $0.77.
Price Prediction for 2029
With further acceptance and connections with other major blockchain networks, the price of Status is expected to skyrocket in 2029, with a maximum trading price of $1.32. If we maintain the same price ranges, they’ll be pretty fashionable. For 2029, we should anticipate an average price of $1.18 with a maximum fee of $1.32 if all goes according to plan.
Price Prediction for SNT in 2030
For long-term forecasting of status prices, fundamental analysis is necessary. The native token has numerous advantages in the industry—a significant investment in the digital economy – Status. As DAPPs and stable currencies emerge, the network offers competitive programmable payment, logistics, and storage options. For instance, if additional investors are drawn to the concept, the average price of SNT might grow to about $1.73 by 2030. Also, the year 2030 might finish with a maximum fee of $1.95 and the lowest price of $1.69.