STP Price Prediction 2022: What You Need To Know

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The Standard Tokenization Protocol Network aims to help build an ecosystem that will help the discovery and usage of digital assets through a decentralized ecosystem. The STP Standard determines the ownership of tokenized assets that are generated, issued, sent, and received while complying with the required rules. 

 

The STP team is distributed throughout Asia, forming a strong connection in countries like South Korea, the USA, and China. In the coming years, the growth of the project will allow more people to become a part of the global community. 

About The STP Token

The Standard Tokenization protocol (STPT) is the cryptocurrency offering of the STP network. At the time of writing, STPT is trading at $0.06. It has a total supply of 1.942 billion, and the current circulating supply is 75% of the total amount, 1.45 billion. The market cap of the coin is over $91.6 million, and it has a market rank of 386. 

Benefits of the STPT Coin 

Here are the benefits of the STPT coin and project that you should be aware of: 

 

https://twitter.com/STP_Networks/status/1478880199538319362?s=20

Main Contributor To The Verse Network 

The Verse Network is a high-performance interconnected cloud, which caters to the next generation of finance, DeFi (decentralized finance), and DAO (Data Access Objects). It helps networks and organizations scale their communities and decentralized applications, and create an effective decision-making process. 

Practical Implications 

Tokens built on the STP Standard are compliant and transferable across any blockchain platform. The company has defined a new standard tokenization protocol on the blockchain that those traditional security exchanges can easily implement.

Important Points

The token can be used within the STPT ecosystem as a method of payment, which is one of its main uses. It also allows holders to participate in virtual staking, airdrops, and micro offerings on platforms like Blockzone. 

 

In the future, the project aims to help holders make use of the protocol’s on-chain Compliance Validator. This would help in the approval of common compliance requests, such as KYC, AML, and other similar accreditations. Among the other goals of the project is to start Ambassador Programs, which would help promote decentralization throughout the world. 

Price Analysis for Short and Long Term 

Following its introduction in the summer of 2019, the token traded at an average price under $0.035, except for a peak towards the end of June which saw the price rise over $0.080. The value of the token was stable around this region until 2021 when it started to climb and ended up creating a head and shoulders pattern. 

 

A year after its release, the token reached an all-time high of $0.19 in July. But since then, it has been unable to maintain the value and has dipped to a third of the value. Over the last three months, the token peaked at $0.16 in late November before going on a downward slope since the start of 2020. 

 

WalletInvestor predicts bullish returns for the STPT coin in the future, stating that it will be worth $0.15 in one year, and will climb to $0.515 in five years. 

 

Gov Capital is even more optimistic about the coin, predicting a value of $0.2 in one year and a climb to $1.26 in five years. PricePrediction estimates a slower rate of growth for the coin, mentioning an average price of $0.14 in 2023, and an average value of $0.55 in 2027. 

 

Considering the real-world influence that the project is aiming to bring forth, there is a very strong case for the coin to retain and grow its value in the near and long-term future. With the advancement of next-generation financial procedures such as DeFi, investors can be optimistic about the long-term benefits of the project as well.

 

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