While the majority of investors are pulling their hair out, frustrated over the rapidly devalued digital assets, some holders are overjoyed with their choice of coins that show a massive growth regardless of the massacre on the markets and the panic around the world. One of such cryptographic currencies is Status (SNT), which has been putting up miraculous gains, especially for a coin that is placed outside the top 50.
The unexpected gainer among the weakening competitors
SNT is a telecommunication cryptocurrency that holds the 59th spot on Coinmarketcap and has a market capitalization of $63 million. Fundamentally, Status is not overly sophisticated: it is a blockchain-based messaging platform that was designed to facilitate communication between various networks built on the basis of the Ethereum blockchain.
Status first saw the world in June 2017 - since that time, it mimicked the path of all mid-ranked cryptocurrencies: reached the all-time high at $0.73 during the crypto hype of 2017/2018 only to fall quickly and continue swimming at the bottom.
Status all-time chart