To reach $100, the STG token needs to grow by 170 fold which translates to a Market Cap of $20 Billion. Given STG’s moderate use case and moderate performance, it is unlikely to rise by 170-fold anytime soon. The best-case scenario for Stargate Finance is for a significant burn program that reduces supply by 75%.
Latest STG Crypto Price
Stargate Finance Price Chart
Stargate Finance is a liquidity transfer protocol where the users can transfer native assets across various chains. The platform is known for promoting interoperability and decentralization because it enables the token swap across various blockchains.
Stargate finance network removes various complexities of cross-chain Defi and hence makes it easier for users to transfer assets across various chains and dapps.
Key Features
STG is the native utility token of Stargate Finance. STG token has a maximum supply of 1,000,000,000 tokens and out of which 204,338,417 STG tokens are already in circulation (which is around 20% of the total supply). The following are the use cases of the STG token:
Overall, considering the use cases and benefits of Stargate Finance, it seems to be a moderate case for investment.
Latest: Stargate Finance announced that their Stargate (STG)/USDC Liquidity Pool (LP) is now live on SpookySwap, using LayerZero Labs supported USDC. This means that STG can once again be easily swapped on the Fantom blockchain.
To reach $10, the STG token needs to grow by 17 fold which translates to a Market Cap of $2 Billion. Furthermore, the STG token reached its all-time high price of $4.2 in April 2022 where it grew by nearly 5.38 times in just one month (i.e., from the lowest price of $0.78 in March 2022). It is not unusual for cryptocurrencies to rise 10-15 fold over a 4-5 year period, particularly in favorable liquidity conditions and reasonable use cases.
UTC: Feb 22nd, 2024 07:14 PM
Overall Outlook | Neutral |
1. Market’s Wisdom | Neutral |
1a. Market Data | Partially Bearish |
1b. Technical Recommendation | Buy |
2. Crowd’s Wisdom | Neutral |
2a. Social Media Buzz | Steady |
2b. Social Media Sentiment | Steady |
Also Read: Blur Crypto Price Prediction
STG tokens can be bought from various centralized and decentralized crypto exchanges such as Binance, Coinbase Exchanges, KuCoin, Kraken, Huobi, Bitfinex, Gate.io, Bitget, Poloniex, Curve Finance, PancakeSwap, and Uniswap.
~Charu Taneja
Wing Finance Price Prediction 2023-2030
Balancer Price Prediction 2023-2030
Note:collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.
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