Stratis soars over 50% in 24 hours, while TG Casino reaches $600,000 in presales

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Stratis Price Explodes as STRAX Wakes Up to a “New Dawn”Stratis price forecast as STRAX doubles down on network development STRX alternative Also read:

The price of Stratis (STRAX) has surged nearly 55% to $0.714 on Binance Exchange over the past 24 hours, driven by a recent network announcement that claims a “new dawn” for the ecosystem.

Massive volatility was also recorded over the past three days, bouncing within a range from $0.681 (the 62% Fibonacci Retracement) to $0.360 at the support floor.

Data from CoinMarketCap shows that the price increase is accompanied by a huge influx of trading volumes, up almost 7,500% in the last 24 hours.

Stratis Price Explodes as STRAX Wakes Up to a “New Dawn”

In a recent post on Crypto With this development, the Stratis ecosystem will turn its focus to web3 gaming. The first step towards this new venture is moving to its own Ethereum-based chain.

A new dawn for Stratis! The most important change at Stratis since the platform was founded in 2016. ???? We will now focus on web3 gaming, the first step is the transition to our own Ethereum-based chain!https://t.co/2fXl01TFAV #blockchain #web3 #gamefi $STRAX pic.twitter.com/B4vZfXGexm

— Stratisplatform (@stratisplatform) October 6, 2023

The product of this development is the StratisEVM, a new blockchain that uses the Ethereum blockchain. With this, Stratis brings its expertise, products and future developments to the Ethereum ecosystem. In the long term, it will enable the availability of mature tools and interoperable capabilities.

This isn’t the first of Stratis’ network development efforts this month. On October 2, Atlantis was announced, a new project in the works. It is a next-generation Web3 game that meets users where artificial intelligence (AI), play-to-earn (P2E) and blockchain intersect.

Last month we announced that Atlantis is in the works. The next generation Web3 game that combines AI, Play-2-earn and blockchainhttps://t.co/MoIbjdKtjv…#blockchain #gamefi #web3 $STRAX pic.twitter.com/jQdeyVZ4Po

— Stratisplatform (@stratisplatform) October 2, 2023

Meanwhile, the Stratis Network touts itself as a staking platform founded by CEO Chris Trew. Wagering on the platform does not require a minimum amount or lock-up period. Token owners enjoy complete self-management.

It’s easy to bet on Stratis, with no minimum amount or lock-up period, with full custody of your assets $STRAX

Manual: https://t.co/d9TstDack5

Interested in Cold Staking? https://t.co/HxuKaC9SsK #to expand #pos #crypto $STRAX

— Stratisplatform (@stratisplatform) September 27, 2023

Stratis price forecast as STRAX doubles down on network development

The Stratis price has risen by more than 50%, helping STRAX overcome the 50% Fibonacci of $0.619 and the 62% Fibonacci of $0.681. More interestingly, it managed to reach the psychological level of $0.700, which has been a roadblock for months.

The position of the Relative Strength Index (RSI) above 50 shows that bulls are in control. This view is confirmed by the Awesome Oscillator (AO), which flashes green and is in the positive region. This could continue gains for the Stratis price.

In a very bullish case, Stratis price could rise above the March peak of $0.769, which coincides with the 79% Fibonacci.

On the other hand, a rejection by the 79% Fibonacci could push the Stratis price below the 62% Fibonacci of $0.681, or worse, the 50% Fibonacci of $0.619. In the severe case, STRAX could correct to the 23% Fibonacci at $0.479. A break and close below this level could trigger a new downtrend, potentially pushing STRAX towards the support floor at $0.360.

It is a concern that the RSI is tilting south, as an extension below the 70 level would indicate that STRAX is ripe for a sell. This is consistent with Welles Wilder’s interpretation of an overbought asset. The resulting selling pressure could send Stratis’s price south.

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