Strong coin price forecast
StrongBlock was founded by David Moss, Brian Abramson and Corey Lederer to add secure, decentralised blockchains to any application. Strong coin became the first and only blockchain-independent protocol to compensate users for running nodes.
Nodes, critical to any blockchain's life, store complete copies of blockchain transactions but are challenging to build and expensive to run. As a result, many nodes are running obsolete software, holding partial blockchain histories, and going down occasionally.
The Nodes-as-a-Service feature enables miners to build nodes in seconds. Miner's rewards are in the form of the blockchain's native cryptocurrency, STRONG, for maintaining the node without having to power their device 24 hours a day, seven days a week. The strong coin price is very high.
The company has a collection of Non-fungible tokens (NFTs) that are available in four categories: bronze, silver, gold, and platinum.
Once a node is deployed, anybody can use it to access the blockchain.
Use of strong coin (STRONG)
STRONG is an ERC-20 cryptocurrency based on the Ethereum blockchain. Its initial supply was ten million. However, after releasing the revised version of its Decentralised Finance (DeFi) system, it burned 94 % of the initial tokens, restricting the supply to about 535,000.
StrongBlock said in the second edition of its tokenomics paper that it supports a low-inflation approach with incentives produced primarily through node involvement that may fluctuate over time based on token worth.
The protocol establishes governance, ultimately regulating how StrongBlock functions as a decentralised network.
It assists the initiative in developing a paradigm of long-term, self-sustaining growth. According to CoinMarketCap statistics at the time of writing, there are now 138,269 coins in circulation. It has a market value of $136,056 and is the 1395th biggest cryptocurrency.
Strong coin (STRONG) price prediction
After reaching a record high of $1,193.31 on October 28, 2021, it failed to recover, falling to $9.87 on August 8, 2022. Throughout February 2022, the strong coin price dropped 47% amid widespread market negativity as tensions on the Russia-Ukraine border escalated.
According to Wallet Investor's research based on previous performance, the coin price might cost $460.507 in 2023 and reach $1,751.200 by 2027.
DigitalCoinPrice forecasted that by the end of 2027, the coin price might reach $376.08. Its long-term strong coin projection is that the cryptocurrency will reach $553.34 by 2030.
Author: Emmanuel Baiden
7 years experience within the financial services sector most notably in Sales, Trading, research and writing articles within the crypto space. I have a bachelor's degree in International Business and a Master's in Investment and Risk Finance . I am also an associate member of the Chartered Institute for Securities and Investment.