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What was the high and low price of Stader (SD) coin?

Despite reaching an all-time high in 2021, Stader (SD) Coin has faced fluctuations, falling significantly in 2022 before recovering to its current price of around $0.04 in August 2023.

Jan 04, 2025 at 12:21 am

Key Points:

Stader (SD) Coin Price History and Analysis
Stader (SD) Coin: An Overview
Factors Influencing Stader (SD) Coin Price
Key Price Metrics of Stader (SD) Coin
FAQs Related to Stader (SD) Coin

Stader (SD) Coin Price History and Analysis

Stader (SD) coin is a native token of the Stader platform, a decentralized staking infrastructure provider for Proof-of-Stake (PoS) networks.
SD coin was launched in August 2021, with an initial price of around $0.06.
The coin reached its all-time high of $0.25 in December 2021, during the broader cryptocurrency market bull run.
Following the market downturn in 2022, SD coin declined significantly, reaching a low of $0.01 in June 2022.
Since then, SD coin has gradually recovered, trading at around $0.04 in August 2023.

Stader (SD) Coin: An Overview

Stader is a non-custodial staking platform that allows users to delegate their PoS tokens to validators, earning rewards while retaining control over their assets.
Stader offers a suite of features, including auto-compounding, multi-strategy staking, and cross-chain staking.
The platform supports various PoS networks, including Ethereum 2.0, Solana, and Cosmos.
SD coin is used for governance on the Stader platform and for staking rewards.

Factors Influencing Stader (SD) Coin Price

Overall cryptocurrency market sentiment: SD coin, like all cryptocurrencies, is influenced by the broader market sentiment. Positive market sentiment, such as during bull runs, often leads to increased demand for SD coin.
Adoption of Stader platform: As more users adopt the Stader platform for staking, the demand for SD coin increases, potentially driving its price higher.
Competition from other staking providers: SD coin competes with tokens from other staking providers, such as Lido Finance (LDO) and Rocket Pool (RPL). Competition can impact demand and supply, affecting SD coin's price.
Token economics and supply dynamics: SD coin has a limited supply of 100 million tokens. Token supply dynamics, such as token burns or emissions, can influence price fluctuations.

Key Price Metrics of Stader (SD) Coin

All-Time High: $0.25 (December 2021)
All-Time Low: $0.01 (June 2022)
Current Price: $0.04 (August 2023)
Market Capitalization: $40 million (August 2023)
Trading Volume: $2 million (24-hour average)

FAQs Related to Stader (SD) Coin

1. What is the use case of Stader (SD) coin?

SD coin is used for governance on the Stader platform and for earning staking rewards.

2. Where can I buy or sell Stader (SD) coin?

SD coin is available for trading on a variety of cryptocurrency exchanges, including Binance, Coinbase, and Kraken.

3. How does Stader compare to other staking providers?

Stader offers a non-custodial staking platform with a suite of features, including auto-compounding and cross-chain staking. However, competition from other providers, such as Lido Finance (LDO) and Rocket Pool (RPL), can impact demand and supply for SD coin.

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