Cryptocurrencies

Text

What are the highest and lowest prices in the history of Status(SNT) currency?

Despite experiencing significant price fluctuations, Status Network Token (SNT) remains a crucial component of the Status messaging and mobile operating system platform.

Dec 15, 2024 at 11:35 pm

The Rise and Fall of Status Network Token (SNT)

Introduction

Status Network Token (SNT) is a utility token that powers the Status decentralized messaging and mobile operating system platform. It enables users to access various services within the Status ecosystem, such as secure messaging, peer-to-peer payments, and decentralized application (dApp) development. The token's price has experienced significant fluctuations since its inception, reflecting the broader market trends and project developments.

Highest Price

$0.4034 (January 9, 2018)

The highest price that SNT has ever reached was $0.4034 on January 9, 2018, during the initial coin offering (ICO) boom. At this peak, the token's market capitalization exceeded $600 million. The strong demand for SNT was driven by the excitement surrounding the Status project's potential to disrupt the mobile messaging market, particularly in emerging economies with limited access to financial services.

Lowest Price

$0.002934 (March 13, 2020)

The lowest price that SNT has ever reached was $0.002934 on March 13, 2020, amid the global market crash triggered by the COVID-19 pandemic. The cryptocurrency market experienced a severe decline during this period, as fear and uncertainty gripped investors. The drop in SNT's price was exacerbated by the project's ongoing development and competition from other messaging platforms.

Price Analysis

The price of SNT has exhibited substantial volatility over the years, with periods of sharp rises and declines. Several factors have influenced its price movements, including:

Market trends: SNT's price is closely tied to the overall cryptocurrency market trends, influenced by macroeconomic conditions, regulatory changes, and investor sentiment.
Project developments: The progress and adoption of the Status platform have significantly impacted SNT's price. Major milestones, such as the launch of the Status Beta app, have led to price surges.
Token utility: The use cases and adoption of SNT within the Status ecosystem drive its demand and influence its price. Increased utility, such as expanded dApp integration or payment options, can positively impact the token's value.
Competition: The competitive landscape in the messaging and blockchain sectors also affects the price of SNT. Competition from established platforms and emerging dApps can influence its market share and, consequently, its price.

Conclusion

The price history of Status Network Token (SNT) reflects the rollercoaster ride that the cryptocurrency market has experienced. While SNT has reached significant highs and lows, it continues to play a vital role within the Status ecosystem. The project's focus on innovation and user adoption will be key in determining the future price performance of SNT.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

CGPT

$0.3222

49.40%

Trade Now
ANON

$16.6662

29.58%

Trade Now
NCT

$0.0592

26.71%

Trade Now
INSURANCE

$17.5608

23.80%

Trade Now
PIPPIN

$0.2531

21.49%

Trade Now
HIVE

$0.5809

19.55%

Trade Now

Latest Crypto News

BIO Protocol: A Deep Dive Into the DeSci Platform Incubating Specialized BioDAOs
2025-01-11 14:25:25
5 Meme Coins That Are Making Headlines in January 2025
2025-01-11 14:25:25
Top 5 Meme Coins to Buy Now: BTFD Coin, Shiba Inu (SHIB), Osaka Protocol (OSAK), Comedian (BAN), and Mog Coin (MOG)
2025-01-11 14:25:25
ZNS Connect and Conflux Network Join Forces to Simplify the Web3 Ecosystem
2025-01-11 14:25:25
Catherine Wood Trims Beam Therapeutics Position, Reflecting Portfolio Adjustments
2025-01-11 14:25:25
Could Shiba Inu (SHIB) Really Surge by 4,166,567% to Reach $1? CoinW Stirs Excitement in SHIB Community With Bold Prediction
2025-01-11 12:30:25

Related knowledge

DIMO (DIMO) Coin Exchange Purchase Detailed Operation Tutorial

Jan 08,2025 at 11:18pm

Key PointsUnderstand the basics of cryptocurrency exchangesCreate an account on a reputable cryptocurrency exchangeFund your account with fiat currency or cryptocurrencyFind the DIMO (DIMO) trading pair and place an orderManage your DIMO (DIMO) holdingsStep-by-Step Guide to Purchasing DIMO (DIMO) on a Coin Exchange1. Choose a Cryptocurrency ExchangeSele...

Tectum (TET) Coin Purchase Tutorial Detailed

Jan 09,2025 at 04:04am

Tectum (TET) Coin Purchase Tutorial DetailedKey Points:Tectum (TET) is a cryptocurrency designed to provide a secure and private payment network.It combines blockchain technology with advanced cryptography to enhance user experience and address common cryptocurrency challenges.Interested individuals can purchase TET through various exchanges, including ...

What are the factors that are positive for GamerCoin (GHX)?

Jan 07,2025 at 11:43pm

Key Points:Surging popularity in blockchain gaming: GamerCoin's focus on blockchain gaming has positioned it well to capitalize on the rapidly growing industry.Strong community support: The project boasts a loyal and passionate community that actively engages with its development and promotion.Partnerships with key players: Collaborations with industry ...

Introduction to several methods to obtain GamerCoin (GHX) coins

Jan 06,2025 at 09:52pm

Key Points:Understand the nature and application of GamerCoin (GHX)Explore various methods to obtain GHX coins: DEXs, staking, airdrops, faucets, and play-to-earn gamesGain insights into the advantages and drawbacks of each methodDevelop a comprehensive strategy to maximize GHX acquisitionExplore potential risks associated with obtaining GHX coinsMethod...

What are the regulatory risks associated with GEODNET (GEOD) Coin?

Jan 08,2025 at 09:02am

Key Points:GEODNET (GEOD) Coin is a decentralized, proof-of-stake blockchain project that incentivizes data sharing and data aggregation.The project aims to create a global network of shared data for the benefit of all participants.GEOD Coin is the native currency of the GEODNET platform, used for incentivizing data sharing and rewarding network partici...

What security measures are in place to protect Tectum (TET) coin holders?

Jan 08,2025 at 09:05am

Key Points:Multi-sig wallet protectionSmart contract security auditsKYC/AML complianceHardware wallet supportBug bounty programCommunity engagement and transparencyArticle Body:Multi-sig Wallet ProtectionTectum (TET) holders' funds are stored in a multi-signature wallet, which requires multiple authorized parties to approve transactions. This adds an ex...