Welcome to our second installment of our Bitcoin and & Altcoin Price Analysis series. We talked about Ethereum during our first post. Now we would like to look at a coin that is smaller than Ethereum, but offers similar features fundamentally and is considered a popular investment choice within the community. Today we are going to check the Stratis Platform.

Stratis is a Blockchain-as-a-service platform (BaaS) and is number 33 according market cap with a total value of 759M USD. They offer:

Enhanced privacy for Bitcoin and Stratis transactions (Breeze wallet with Tumblebit)

Secure blockchain identity management (Stratis Identity App)

Stratis Full Node (with Staking)

ICO Platform

Masternodes

A scalable blockchain written in C#

Price-wise it has been a wild ride so far. Stratis has peaked during the summer of 2017 and has been in a multi-month consolidation until last November. A solid uptrend followed, which has been broken by a hype cycle that made Stratis leave the original trendline upwards. Since BTC had a major correction from the beginning of the new year, every other altcoin had a correction as well (this was the reason for the drop). We have recently released an article on our possible reasons for the BTC drop and why we still expected a bull market afterwards. The charts are beginning to validate these thoughts, as at the time of the article, BTC prices soared to 8750 USD.

What does this mean for Stratis in the short term?

We speculate that there are 2 scenarios:

1) Stratis breaks up from the pennant as trust is building up again within the crypto markets. This will result in the building of a new trend line, possible a more steep one.

2) Stratis breaks down and will continue its rise along the original trend line towards its new market cycle

What does this mean for Stratis in the long term?

We have explained how market cycles and growth cycles work in the article regarding the Bitcoin correction. We expect Stratis to finish another yearly full market cycle until Summer, where it reaches another peak or at least closes around the previous peak.

WalletInvestor.com Machine Learning Forecast

Our forecast made with Machine Learning algorithm (based on AI) expects a minimum of 115% USD growth in the coming 1 year. This forecast is updated constantly as market behavior (volume, price rise, etc.) changes. Keep in mind though, that this is just a tool that should give you a better perspective on the markets and should never be used as the single reason for investing.

General notice

We offer our own perspective at markets, but you (as an investor) should always #DYOR – Do Your Own Research, both fundamentally and market-wise. Our articles should not be used as an investment advice. Note also that this article is not intended as an investment advice. We at WalletInvestor love to do charts and read up on interesting projects.