There is a lot of information available about the Strong coin. It has a market cap of $ 2.68 Million and has its own official website and block explorer. Its price is positively correlated with the top 10 coins by market cap, excluding stablecoins. A positive correlation means that the price of one coin will translate into a move in the other currency. However, a negative correlation means that it will translate into moves in the opposite direction.
Strong price action is driven by supply and demand, but it is also affected by fundamental events like hard forks and block reward halvings. Also, the price of Strong can change dramatically due to market sentiment. Therefore, it is important to follow any strong coin news carefully. However, it is also important to note that past performance is not indicative of future results.
While Strong is still a relatively new coin, there are a number of notable developments in the market that have the potential to change the value of the cryptocurrency. Among them is the launch of StrongBlock, a decentralized app on the Ethereum network, which claims to be a “Nodes-as-a-Service” platform. As mentioned in the Light Paper, StrongBlock aims to build a StrongChain protocol that rewards validators. While miners receive the bulk of reward, the token will also be awarded to nodes that play an important role in the validation process.
In November 2020, StrongBlock released a new version of its blockchain protocol. The platform aims to make launching nodes more affordable and easier. While the STRONG token enjoyed a fruitful year in 2018, it fell in January 2021 and is currently less than half of its October 2021 value. Founded by blockchain pioneers, StrongBlock is striving to make blockchains more accessible to any application.