May 6, 2023May 6, 2023

StrongBlock Crypto Price: History, Analysis and Future Prospects

StrongBlock is a pioneering Nodes-as-a-Service (NaaS) rewards platform that enables users to earn rewards by staking their crypto assets as nodes on various blockchains. The platform intends to architect, design, and build a Layer 1, EVM-compatible blockchain protocol that will be known as StrongChain.

StrongBlock’s token, STRONG, has had a tumultuous price history. After reaching an all-time high of $1,193.31 on October 28, 2021, the coin failed to regain those levels and slumped to $116 by April 1, 2022. The token experienced a mini-peak of $708.97 on January 14, 2022, before drastically dropping again.

Despite the price fluctuations, StrongBlock’s protocol is designed to give users continual rewards known as NUBI. These rewards are currently paid in STRONG but will be paid as NFTs in the future. Each node costs 10 STRONG coins, and users can earn approximately 9% of the coin’s price each day their node is fully functional. However, users will pay approximately $14.95 in Ethereum (ETH) every month in gas fees. Those who purchased three nodes on January 1, 2021, when the Strong crypto price was $27, have seen a significant increase in the value of their investment.

One issue that users of the platform have noted is confusion regarding the token’s name. While the project’s website claims that STRONG has been converted to STRNGR token, the coin is still listed as STRONG on some exchanges. The token’s price entered a deep bearish phase after mid-January 2022, falling under US$200 in early March.

In conclusion, StrongBlock Crypto has had a volatile price history, but the platform’s protocol is designed to continually reward users. Users who staked their coins as nodes have seen a significant increase in the value of their investment. However, confusion regarding the token’s name may cause some confusion among users. Despite the challenges, StrongBlock’s commitment to building a community-first model on StrongChain is a positive development in the crypto space.

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