Status Price

Status (SNT) launched in 2017 as a decentralized desktop and mobile operating system based on blockchain technology. The Status project and SNT, its native cryptocurrency, were founded by Carl Bennetts and Jarrad Hope. Bennetts and Hope previously spent six years collaborating on various software projects before developing the Status network and its accompanying crypto, SNT.

Status is the first decentralized client of its kind and is hosted on the Ethereum network. SNT users can access the decentralized operating system on top of Ethereum and send and receive encrypted messages. They can also access cryptocurrency wallets, smart contracts and decentralized applications (Dapps) hosted on the Ethereum network. Status’ operating system provides access to the network at any time from anywhere as a light client node on Ethereum.

But what is the true value of Status and how is its price determined?

If you’ve ever wondered this, then you’re in the right place. We’ve compiled everything you need in order to get a better understanding of the intricacies of Status price — and the factors that influence it.

Status Price History

The price of Status (SNT) is subject to high levels of volatility just like Bitcoin and many other cryptocurrencies in the market. Due to this volatility SNT prices can dip or rise by 10% to 20% or even more during a single trading day.

SNT hit the market in June 2017 trading at around $0.06. The first major rise for Status price was in December of that year when the entire crypto market headed to new heights, driven by hype and the momentum of Bitcoin, which was getting close to an all-time high of $20,000 at the time. Status price increased by 230% during the month with over 3 billion in trading volume. The highest price reached in December 2017 was $0.22, which was also its highest price so far. 

Status price continued with the bullish momentum in January 2018, until it reached an all-time high (ATH) of $0.68. However, February brought new dips and SNT price plummeted to $0.14 after losses of 31%. Status price kept sinking to new lows, bottoming out at $0.07 in March of the same year. April brought a rebound with 81% of gains for Status price, when SNT traded as high as $0.18. Status price had a turbulent month in May when it traded between $0.08 and $0.18. From  June to September 2018, SNT mostly followed bearish trends, trading in the price range of $0.02 to $0.10. At the start of November, Status showed a mild recovery and $0.041 was its highest price that month. The year ended with Status trading at $0.01 in December, after SNT lost almost 50% of its value in late November dips.

In January 2019, Status traded at $0.026 after 7.5% of monthly gains, followed by a semi-bullish February. Status price reached $0.030 in April, with $0.031 and $0.033 being the highest prices in May and June respectively.  From July to September, Status price trends were mostly bearish, and SNT traded in the range of $0.029 to $0.011. After a brief rebound of nearly 2% in October, Status followed a downward path to more lows by the end of December.

The year 2020 was bullish for Status price from the start and into May, when SNT recorded over 40% of gains for the month. The highest price for SNT during that period was $0.022. Status price dipped by over 20% in June while the trading volumes halved when compared with May of the same year.  SNT traded at a new high for the year of $0.053 when August brought 53% of gains. Status value then declined by 40% in September and the highest price for the month was recorded at $0.048. After a series of dips throughout October, an increase of 105% was recorded in November, when SNT’s highest value was $0.051. The year ended with more dips for SNT, and its highest price in December was $0.045.

In 2021, Status price followed a more bullish trajectory from January to April, starting with 60% of gains in January and outperforming itself when compared with the previous two years. By April 2021, SNT price was getting close to its all-time high from January 2018, trading at $0.20.

Analyzing Status Price History

Status price history can be analyzed with the same techniques used to analyze the stock market. The price of Status and other coins is volatile, partly due to the lack of maturity of the crypto market, which means that the prices can go up or down by a large amount in a short period. Still, by using market analysis techniques, investors and traders can make predictions about SNT’s future price movement.

Technical analysis (TA) considers price charts and market data to be of crucial importance in forecasting the future price of Status. It involves examining price history in order to identify trend patterns. Many financial experts combine TA with fundamental and sentiment analysis to get a better picture of SNT’s potential.

Fundamental analysis studies the activity of dev teams behind blockchain projects, upgrades, and important news such as partnerships and adoption — as well as government regulations concerning crypto.  All these factors can have an effect on Status price and can help determine the future movement of SNT.

Sentiment analysis measures opinion data, categorizing the overall sentiment in the market as neutral, negative, or positive. When the sentiment is positive because of hype or a concrete event beneficial to the Status network, the price will normally rise as a consequence of the rising demand among investors and traders.

Factors Influencing the Price of Status (SNT)

A wide range of different factors can influence the price of Status (SNT). One such factor is the limited total supply. Status has a max supply of 6.80 billion SNT, which means that no new SNT will be issued or minted after this limit is reached.

The price of Status can also be influenced by economic events and mass trends in the crypto market. For example, during the Bitcoin bull run between December 2017 and January 2018, most major cryptos reached their ATH prices, including SNT. The growing popularity of cryptocurrencies can also affect the price of SNT, as more traders and investors are taking part in the dynamic market of crypto assets.

News, events, partnerships and updates can play a major role in determining the price of Status and other cryptos. Utility and technology are also important factors that can help investors evaluate the intrinsic and market value of the coin.

Adoption among institutional investors and the general public affects the demand for SNT and other cryptocurrencies, which as a consequence impacts the price in a positive way.

Live Status Value and Market Cap

The live price of Status is subject to frequent changes and is in constant flux as it is decided by the balance between buying and selling activity on exchanges.

Due to the volatility of Status, its price can experience large ups and downs within a short timeframe.  The market cap of Status is equal to the current price of SNT multiplied by the number of SNT in circulation.

Status Price FAQ

What is the highest Status price in EUR?

Status price history shows that SNT has recorded a peak value of EUR.

What is the lowest Status price in EUR?

SNT price history shows that EUR EUR is the lowest recorded Status value.

How can I buy Status?

You can purchase Status and over 290 different cryptocurrencies in seconds with Kriptomat, learn more about how to buy Status. It’s available for immediate purchase at the current SNT price quote of EUR. Current prices are always displayed in the SNT chart.

What is the current Status price in EUR?

Kriptomat data confirms that the current Status price is EUR.

Is Status a Good Investment in 2021?

Status has experienced bullish momentum with occasional downturns but showed gains from month to month in Q1 of 2021. In April 2021, SNT got closer to its all-time high by trading at $0.20.

Conclusion

Since its inception in 2017, SNT has been on a wild ride due to its high levels of volatility and still experiences dynamic price corrections in the crypto market.

A multitude of different factors can influence the price of Status (SNT), including news, important events, upgrades, updates, partnerships, and dev team activity. The value of Status is determined by the balance of supply and demand in the market and constantly changes. 

If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of Status and cryptocurrencies!