Status (SNT) is designed as a mobile browser that makes it easy for users to access the Ethereum network and a range of decentralized apps. Status was launched following an ICO in June 2017 and managed to raise over $100 million in just hours. The Status mobile browser is one of the most highly anticipated projects of the year with many in the community awaiting a product that will allow users to interface effectively with the Ethereum network.

Status is currently available as an alpha app for Android and IOS and allows users to buy and sell Ether locally and exchange goods and services built using decentralized apps. In addition, anyone can list their DApp on the Status platform, and projects such as the freelancing site Ethlance, the crowd-sourced wisdom platform Gnosis, as well as the Oasis Exchange and the identity app Uport, are lined up to integrate their services with Status. The mobile browser aims to allow services, ideas and currencies to be freely shared within a user centered decentralized economy.

Despite the high level of anticipation regarding the project, community interest hasn’t translated into consistent positive price action for the SNT token.

The SNT token has actually traded below its ICO price of $0.036 for the majority of its short life. For a brief period in the summer SNT broke away to achieve all time high prices and between July and August traded at a price of $0.08, giving its ICO participants an almost 3x return on their investment. However, since then the SNT token has been somewhat stagnant and generally fluctuates between a price of $0.02 and $0.03.

This all looks set to change, as the Status team has announced a raft of developments that have the market anticipating the release of a fully working model. The annual Ethereum developer conference took place just a few days ago in Cancun, Mexico. The four-day Devcon3 event gathered a host of Ethereum developers, investors, and enthusiasts and the Status team revealed a number of developments to the watching audience. In addition to announcing the recent release of the 0.9.12 Alpha version for IOS and Android, the team also announced the appointment of the experienced former Google employee Nabil Naghdy. Naghdy has joined Status as the Chief Operating Officer and gained a stellar reputation at Google after leading successful Google Maps and Google Flights products.

The Status team also unveiled their new Hardwallet, a secure crypto-wallet that also enables contactless transactions. The Status Hardwallet will let users store, send, and receive cryptocurrencies contactlessly with built-in NFC. Designed to be compatible with most cryptoassets; the wallet works with ETH, SNT, and ERC-20 tokens and will provide an alternative to exchanges and hot wallets.

These developments have resulted in some positive price action regarding the SNT token. Over the past month, SNT has been able to break from its regular position of around $0.025 and towards the end of October began to approaches prices not seen since the summer and reached a peak at $0.045.

The token has since pulled back to trade at around $0.03, its original ICO price; however, the spike in price shows that the market is poised to respond to any releases and some positive news may see SNT consistently trading significantly above its current position and improve on its current market cap of $105M. For those looking for potential medium term investments Status is definitely a project to keep an eye on.