Blog Misc StormX Coin Review: Is it Set for a Stormy Future?

StormX Coin Review: Is it Set for a Stormy Future?

date May 6, 2022 time 6 min read 133 views

The StormX coin is predicted to be a worthwhile investment in the long term despite the decline in current value. Will the StormX coin rise in the future? If you also believe this and want to know how to buy StormX, let’s read our article.

Where to buy StormX coins? Want to jump straight to the answer? Start with our guide.
Where to buy StormX coins? Want to jump straight to the answer? Start with our guide. (Source: Pixabay)

StormX is the world’s first cryptocurrency cashback platform that allows users to stake the native stormx coins to boost their rewards. This makes StormX unique and attractive to many users. Currently, the price of StormX is declining and may continue decreasing in value, but in the long term, the price of stormx coin is anticipated to be on the rise soon. If you are finding where to buy StormX coins at the current rate, Binance, FTX, DigiFinex and KuCoin are the top cryptocurrency exchanges for trading you can consider.

StormX coin overview 

Founded in 2015, StormX is the world’s first cryptocurrency cashback platform that aims to let people earn rewards and cashback for their fiat transactions while they shop. In other ways, people use StormX to buy things through its service’s online partner stores using traditional fiat currency and in return, they will get cashback rewards in the form of crypto. 

What makes StormX unique is that users have the opportunity to earn other cryptos like BTC, ETH as a reward for using the app, which is based on the Ethereum blockchain instead of giving people cashback in STMX. 

The StormX app has become popular due to its efficiency and global accessibility. (Source: Pixabay)

The StormX coin is used for staking and governance of its platform. To make StormX work, users need to connect their app to their crypto wallet, which helps them have the chance to earn larger rewards, shopping, and micro-task benefits. With more than 750 online partner stores, users can easily stack up cashback rewards. In addition, users with a higher membership level can earn bigger rewards of up to 87.5%.

StormX coin price history

Before moving to the StormX coin price prediction, we should take a look at the StormX coin price history. Though past performance is not an indicator of future results, knowing how the StormX coin has behaved can help us gain some insight to predict its price.

StormX coin first came onto the market in late 2017 and it stood at about $0.023 on 22 December that year. In this stage, the cryptocurrency market turned bullish, and the StormX coin was no exception. The StormX coin hit $0.2466 on 9 January 2018, but by the last few months of the year, its price fell to between $0.002 and $0.003. 

On 13 March 2020, the StormX coin reached its all-time low of $0.0005756 due to lockdowns relating to the Covid-19 pandemic. Until 2021, StormX coin price started to kick off again, starting off at $0.009035 and closing the month at $0.06629 in March, a rise of more than 630%. Furthermore, the StormX coin reached a peak of $0.1069 intraday on 5 April.

Early 2022 was an underwhelming performance for the coin, in particular, until 22 February, it hit 12-month lows of $0.01165. After that, there had been some recovery, on 3 April, the StormX coin was trading at a new three-month high of $0.02738. 

As of 28 April, StormX’s market cap is around $172.8m, making it the 274th largest crypto by that metric. Also, there were 10 billion StormX tokens in circulation, with no more coins left on the open market. Since its lowest recorded price around two years ago, the StormX coin has risen in value by 2,841%. 

StormX coin price prediction

There are many top prediction systems that have released StormX price forecasts. StormX coin price is predicted to grow particularly excitingly in 2022. 

According to the WalletInvestor system, StormX price in 2022 will be $0.0595, and the long-term earning potential may be nearly double. Similarly, DigitalCoinPrice predicts the StormX coin price in October-November can reach $0.04598. Investors should not anticipate any rapid moves in 2022 while StormX may remain the best performer even on its worst days.

Gov.Capital is one of the top optimistic prediction systems while forecasting that StormX coin price could be $0.139 by the end of 2022. So, investors can expect a mind-blowing trading period for the StormX coin in 2022.

The reason why analysts anticipate the rise of the StormX coin is due to the efforts of the network developers and community investors.
The reason why analysts anticipate the rise of the StormX coin is due to the efforts of the network developers and community investors. (Source: Pixabay)

The predicted average price in 2022 may be bullish around $0.018 to $0.019, and may peak at $0.021 depending on the market. 

By 2023, according to Technewsleader, analysts expect STMX will have an average price of $0.027, and it can reach $0.032 if everything goes smoothly, but keep in mind that the volatility of the cryptocurrency market is normal.

The long term picture

When it comes to the long-term future, StormX average price for 2024 will be around $0.038,  and it can cross $0.045 if the market is bull. More excitingly, in 2025, the crypto market is predicted to enter a new age and STMX’s price is anticipated to soar and end with an average price of $0.054. It may be traded for around $0.064. 

If STMX’s developers continue to increase its potential, with certain collaborations and innovations to attract more users and adoption. By 2026, the StormX coin price is expected to reach a maximum value of $0.092, and can end with an average price of $0.079.

Where to buy the Stormx coin

If you are looking for where to buy StormX coins with a credit card, debit card, or Bitcoin (BTC), here are three: suggestions:

Binance

One of the largest cryptocurrency exchanges in the world is Binance. If you buy StormX coins from Binance, you can take advantage of both lower fees than competing exchanges, and increased liquidity that allows you to trade quickly in the market-moving news.

This exchange is available to residents from Australia, Canada, Singapore, UK & internationally.  However, if you are USA residents, note that you are prohibited from purchasing StormX coins.

KuCoin

When it comes to fees and trading costs, KuCoin is one of the most competitive exchanges and a reputable name in the cryptocurrency market. This exchange currently offers various services including a P2P exchange capability, and purchasing with credit or debit cards.

KuCoin currently offers over 300 popular tokens including StormX.  More excitingly, it currently accepts USA residents.

WazirX (INDIA Only)

WazirX is India’s biggest cryptocurrency exchange with over 400,000 users. It is one of the most well-known exchanges that offers StormX trading opportunities and accepts clients from all over the world. Besides, WazirX is part of the Binance Group, which can ensure a high standard of quality. But remember that this exchange is not available to USA residents.

How to buy stormx coin

One of the most frequently asked questions is how to buy StormX coins. Here are 3 steps you can follow

Open an online account

To get started with trading StormX coins, you need to open an account on the StormX app and buy tokens with the MoonPay widget if your country supports it. Or you can first buy BTC,  ETH from popular brokers supported in your country and then trade it for StormX. 

If you want to open an account with a broker, complete the signup process and verify your email address. Then, you can buy BTC or ETH with your preferred currency. 

Buy a wallet 

Buying a wallet is not required since most exchanges have their own wallets to store coins after purchase, but bear in mind that these wallets give you limited control over your digital assets and they are best used temporarily. 

Hence, to store your coins, you’d better buy a hardware wallet that is offline. It is considered one of the safest wallets since your information online is not stored or related to a third party.

Make your purchase

 After purchasing BTC or ETH, then you can exchange them for StormX. Nevertheless, if your broker does not support altcoins, transfer them to an altcoin-friendly exchange such as Binance, Upbit and Bittrex. 

To sum up, the StormX is a coin that experienced its all-time high during the crypto boom of late 2017 and early 2018. With the above potential, StormX coin is a worthwhile investment, but  keep in mind that is not to say that won’t happen.

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