Status (SNT) Price Prediction 2023-2030: Will SNT Price Hit $1 Soon?

• Bullish SNT price prediction ranges from $0.12843 to $0.1483.
• SNT price might also reach $0.30016 in 2023.
• SNT’s bearish market price prediction for 2023 is $0.00669.

Communication has become an integral part of various industries and individual’s lives. However, the community has complained that communications still lack the features of privacy and security. In response to this, diverse organizations have searched for a modern solution in this ever-evolving world. 

Status is one of the organizations that strive to be a secure communication tool that “upholds human rights.” Status claims they follow their own principles such as liberty, security, censorship resistance, privacy, transparency, openness, decentralization, inclusivity, continuance, and resourcefulness.

Naturally, potential investors and individuals would be also curious about SNT, an ERC-20 token that powers decentralized services in the Status Network. If you are interested to learn about SNT’s price analysis and forecast for the years 2023, 2024, 2025, 2026, 2027, and 2050, read this Coin Edition price prediction article. 

Status (SNT) Market Overview

What Is Status (SNT)?

Built by the Status Network, Status describes itself as a private, secure communication tool that “upholds human rights and empowers sovereign communities.” The Status Network also builds products, tools, and infrastructure which includes features such as peer-to-peer and open source. Several products have already been built by Status Network such as status, keycard, and assemble.

Apart from being a secure messaging app, Status also acts as a crypto wallet and Web3 browser. Meanwhile, Keycard is a secure, contactless, hardware wallet, and Open API.  Assemble is a platform where creators can assemble their projects and seek funds from funders easily. Status Network has built developer tools such as Embark and SUBSPACE. 

SNT is an ERC-20 token that provides access and powers the decentralized services in the Status Network and application. SNT has multiple utility functions such as network incentivization, a medium of exchange, payment for stickers, purchasing an ENS username, the right to make decisions, and more. 

Status (SNT) Current Market Status

At the time of writing, SNT is now trading at $0.05592 with a total market capitalization of $216,257,968. SNT sits in 136 place on CoinMarketCap in terms of market capitalization. Moreover, there has been a price surge of 93.93% in the past 24 hours. SNT’s 24-hour trading volume is $603,567,172 after observing a massive spike of 13917.18%. SNT can be traded on major cryptocurrency exchanges such as Binance, Coinbase Crypto.com Exchange, Gate.io, OKX, and MEXC.

Status (SNT) Price Analysis 2023

Will SNT’s most recent improvements, additions, and modifications help its price rise? Moreover, would the changes in the blockchain industry affect SNT’s sentiment over time? Read more to find out about SNT’s 2023 price analysis.

Status (SNT) Price Analysis – Bollinger Bands

The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean. 

Looking at the charts, the candlesticks were hugging the the upper bands and gave early signs of surge. However, traders may not have expected a massive surge after the continuous hits on the upper band. In fact, SNT’s candlesticks broke above the upper band confirming an overbought trading activity. Moreover, after the massive surge, the bands stretched signaling the high volatility sentiment in SNT’s market.  

Status (SNT) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.

The RSI indicator was hitting the overbought area’s barrier several times and finally, the massive entry of buyers pushed it inside. After the massive surge, the RSI is valued at 92.33, confirming that the presence of buyers in the market is really strong. Ideally, traders should expect a retracement which is a similar behavior observed in digital assets. However, there are still no signs of a reversal, hence, traders need to wait for signals before making their entry.

Status (SNT) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role as it can confirm the trends and identify potential reversals.

The MACD indicator also confirms that SNT’s market still seems to experiencing a bullish sentiment. The green bars growing on the indicator are one of the signs that the altcoin may continue to rise up over the short-term period. Looking closely, the MACD line was moving closer to the signal line; however, the massive spike increased the distance between them. So far, the green bars don’t seem to stop, which could be a sign that bulls could surge. 

Status (SNT) Price Prediction 2023-2030 Overview

Status (SNT) Price Prediction 2023

Looking at the 1-day chart, the candlesticks broke above several resistance levels, caused by the massive spike. Earlier, the Bull vs Bear indicator highlighted that power remained with the bulls; however, recently, the selling volume of 52.8% remained higher than the buying volume of 47.67%. 

Although several indicators hardly showed any sign of retracement, there may be a chance that the selling volume may continue to increase, giving more power to the bears. Hence, traders may need to brace themselves for an incoming retracement which could happen sooner or later.

Meanwhile, the price prediction of SNT for 2023 remains to be bullish and is expected to reach beyond the level of $0.12843. The bearish price prediction range for SNT is between $0.00669 to $0.00305. However, if SNT experiences an extremely bullish sentiment, then it would cross the $0.30016 threshold.

Status (SNT) Price Prediction 2023 – Resistance and Support

Looking at the candlesticks, it seems SNT has recovered from its fall in 2022. In order for the altcoin to completely cover its losses, it needs to cling to the recent support line. Furthermore, if the bullish sentiment continues, then, the candlesticks could break through several resistance levels. Before it tries to break through several resistance levels, SNT first needs to make several price actions at its current level before moving forward. 

Status (SNT) Price Prediction 2024

Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. SNT could also be affected by Bitcoin halving and could trade beyond the price of $0.9 by the end of 2024.

Status (SNT) Price Prediction 2025

SNT could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, SNT will continue to rise in 2025 forming new resistance levels. It is expected that SNT will trade beyond the $1.56 level.

Status (SNT) Price Prediction 2026

It is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, SNT could tumble into its support region of $1.32. Moreover, when SNT remains in the oversold region, there could be a price correction soon. SNT, by the end of 2026, could be trading beyond the $1.98 resistance level after experiencing the price correction.

Status (SNT) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. SNT is expected to rise after its slumber in the bear season. Moreover, SNT could even break more resistance levels as it continues to recover from the bearish run. Therefore, SNT is expected to trade at $2.38 by the end of 2027.

Status (SNT) Price Prediction 2028

Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, SNT will continue to form new higher highs and is expected to move in an upward trajectory. Hence, SNT would be trading at $2.85 after experiencing a massive surge by the end of 2028.

Status (SNT) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, SNT could be trading at $3.26 by the end of 2029.

Status (SNT) Price Prediction 2030

After witnessing a bullish run in the market, SNT and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, SNT could be trading at $3.82.

Status (SNT) Price Prediction 2040

The long-term forecast for SNT indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. However, SNT may face a slight fall before starting its upward journey once again. It is expected that the price of SNT could reach $18.93 by 2040.

Status (SNT) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, SNT could surpass the resistance level of $42.

Conclusion

To summarize, if investors continue to show interest in SNT and add these tokens to their portfolio, then, it could continue to rise up. SNT’s bullish price prediction shows that it could pass beyond the $0.1483 level in 2023. Moreover, SNT could surpass the $42.83 level by the end of 2050. 

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