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STRAX Token Bleeds Severely Following a Significant Surge

The STRAX token has seen some significant gains in the last week, increasing by 28% in a single day. However, the token began to fall the following day and has continues to fall till today.

02 Nov 2022 By: Sudeep Saxena
STRAX Token Bleeds S

Over the past week, the global crypto market sentiment was seen improving. As a result, the prices of several cryptocurrencies also showed some significant gains. 

One of such cryptocurrency is Stratis (STRAX) token, which also showed a positive momentum.

Stratis is a blockchain-as-a-service platform that provides a variety of products and services to businesses. It also has the ability to establish private sidechains, run full nodes, develop and deploy smart contracts, an initial coin offering platform, and a proof-of-identity application. In addition, the company offers cryptocurrency wallets and blockchain consulting services.

In the past week, the token showed some dramatic gains and increased by 28% in a single day. However, the token started plummeting from the next day and continued to drop till day. Surprisingly, the STRAX token dropped almost 22% in the 36 hours and is currently trading at $0.54.

The token was said to witness a varied kind of up and down situation for the first time. Because later on October 8, once again the token increased by 38% in a single day. Well, the most unexpected movement happened when the very next day history repeated itself and STRAX drained again by around 25%. Many crypto nerds were surrounded by a dilemma about the authenticity of the token. Does this indicate that the token is fake? 

STRAX | Legit or Fake

In the past two years, severals reports claim that the token is a scam. However, the Stratis company, but obviously, denied the claims and assured the community regarding its token authenticity.

This year in July, the Stratis announced that it will soon introduce a Sky Dream Mall, a metaverse powered by Stratis blockchain. At the time of announcement, the price of the STRAX token climbed by more than 200%. What does the future hold for STRAX is still uncertain, same as the volatility of crypto world.

What are your views on STRAX token authenticity?

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