StormX Price

StormX was the first cryptocurrency-based cashback solution to hit global markets and allows consumers to earn rewards for purchases they make using fiat currency. It is first and foremost a mobile app and desktop platform that allows users to get cashback in crypto for purchases they make online and thereby helps to bring cryptocurrencies into the mainstream. In addition to being able to access rewards from shopping online, holders of the STMX token can lock into staking contracts and earn interest on their holdings.

Since being founded in 2015, the StormX platform has partnered with some big names like Nike, Walmart, eBay, and online education provider Udemy. In fact, more than 1,000 online retailers in over 100 countries are part of the StormX cashback offer. In some of these partnerships, the cashback returns can be as high as 85% of some purchases – a previously unprecedented amount in cashback promotions. Users can earn rewards in several cryptocurrencies, such as Bitcoin, Ether, Litecoin, Yearn, or STMX. If you’re interested in learning more, we’ve compiled everything you need in order to get a better understanding of STMX price – as well as the factors that influence it.

StormX Price History

The story of StormX price is one of growth and decline, followed by a phoenix-like resurgence. When StormX was released on crypto exchanges, it came right out of the blocks and stormed to a high of over $0.20 within the first month – up from a starting point of about $0.02. The main reason for this initial spike in price is that the token was released at a time of incredible flux in the crypto markets – when Bitcoin had already peaked just shy of $20,000 and the market welcomed every initial coin offering with open arms.

This initial burst of upward price action was followed by a rapid retreat, which turned into a drawn-out rout that lasted from January 2018 to November 2018, albeit with a few dead cat bounces along the way. By the end of 2018, STMX had lost over 98.78% of its value, having dropped from a high of $0.2466, all the way down below $0.003.

The next couple of years were not particularly exciting for holders of SMTX, as the price traveled sideways for a long time. Indeed, from late 2018 to February 2021, the price mostly oscillated between $0.004 and $0.001 with no signs of anything resembling a more committed breakout. On the contrary, SMTX price managed to decline to its all-time low during this period and, although it recovered quickly, it simply returned to its relatively stable state.

Finally, in early 2021, the price reacted to the bull run experienced by Bitcoin and other cryptocurrencies and broke out of its previously firm resistance lines. This rally took it initially up by over 300% in less than a month but turned out to be just the beginning of the story. The next phase of the rebound took the price up to a peak that pushed past $0.08 – an increase of over 2,500% on the SMTX price of just a month or two previous. Following this burst of momentum, the price recoiled back down to $0.02 – still a far cry from previous lows.

Analyzing StormX Price History

StormX price history can be analyzed with many of the same techniques as the stock market. Technical analysis involves using various indicators while studying price charts in order to make sense of previous price movements. With StormX, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of traders buy or sell their coins on exchanges.

Fundamental analysis, on the other hand, looks at the finances and activities of a company, as well as the state of the wider market and economy. In the case of StormX, the fundamental indicators to watch for revolve mostly around adoption of the StormX cashback platform – both by end-users and by retailers. A high degree of adoption could result in more demand for the STMX token and a resultant increase in its price.

For the most part, however, these fundamental factors have yet to emerge as decisive in driving historical STMX price action. Most of the price movement we have seen thus far has been driven instead by trends in the broader crypto markets. Bullish sentiment there has translated into increases in StormX price, while bearish market movements have meant times of price stagnation for StormX.

The overall price trend of STMX follows what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.

Factors Influencing the Price of StormX

As is the case with most cryptocurrencies, a variety of factors can affect StormX price. One of these is the fact that the total supply of STMX tokens is capped at 10 billion. Moreover, all 10 billion tokens are already in circulation. This means that, since the supply is capped, increasing demand should drive the price up.

Adoption by users of the StormX platform is also an important factor that could affect the value of STMX. If the StormX app and browser extension are taken up by larger and larger numbers of active users, this could boost demand for the STMX token and ultimately impact its price. Moreover, as news reaches the markets of further partnerships with large online retailers wishing to participate in the cashback scheme, this could also have an effect on the price of STMX. It is worth bearing in mind that, while the StormX app has been downloaded over 3.5 million times, the number of active users remains below 100,000 and the number of token holders is lower still at 44,000.

Historically, however, STMX value has proved to be more responsive to the movements of the crypto markets and this could continue to be the case in the future. In that sense, news events that affect Bitcoin or cryptocurrencies more generally could have a greater effect on STMX price than news events confined to the StormX platform.

Live StormX Value and Market Cap

The market price of STMX varies from moment to moment as it’s dictated by the balance of buyers and sellers on exchanges, which is in constant flux.

The market cap of StormX equals the market price of StormX multiplied by the number of STMX tokens in circulation, and hence also varies from moment to moment.

StormX Price FAQ

What is the highest StormX price in EUR?

StormX price history shows that STMX has recorded a peak value of EUR.

What is the lowest StormX price in EUR?

STMX price history shows that EUR EUR is the lowest recorded StormX value.

How can I buy StormX?

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

What is the current StormX price in EUR?

Kriptomat data confirms that the current StormX price is EUR.

How is the Price of StormX Calculated?

The price of STMX at any given moment is determined by the balance of supply and demand on exchanges. When more people are buying STMX than selling it, the price goes up, and when more are selling than buying, the price goes down

What Will STMX be Worth in the Future?

It is, of course, impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future StormX value. As already mentioned, the primary factors are fundamentals, such as adoption of the StormX cashback platform, or general crypto market trends.

Why is the Price of StormX Different on Different Exchanges?

STMX price is based purely on trading as there is no standard global StormX price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affect the price.

Conclusion

In many ways, the team behind STMX has taken the world by storm. Their platform has become a global phenomenon, with online retailers participating from around the world, and they have seamlessly integrated cryptocurrencies into regular financial flows. What’s more, they’ve sealed partnerships with world-leading retailers and have attracted investment from big players in the crypto world. As if that were not enough, they are keen to add new functionality with passive income through staking, microtasks that users can complete to earn crypto, and different tiers of membership.

At the same time, mass adoption is still a goal they are striving for, and changing retail behavior during and after the pandemic is something they will have to adjust to. What seems certain is that this will be an exciting space to watch going forward. 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 StormX and other cryptocurrencies!