STPT Huge 12% Price Spike Today

[JayBean1]

https://coinmarketcap.com/currencies/stpt/

The digital currency known as STPT (Standard Tokenization Protocol) has seen a significant spike in price today after the most recent announcement about the launch of the STP ecosystem. Technical analysis shows an uptrend on the daily chart and a steady increase in price over the last 2 months. Back in October, STPT was trading at around $0.006 and now it's trading at $0.0118, almost 2x.

The market cap of STPT is still under $10 million which means it's still a good token to buy for the long and short term.

[Pelunize12]

Generally, 12% spike means nothing in crypto. It used tobe in cryptocurrency
I dont see that as a good reason to buy, moreover in long term
So yeah, long term must see the real value of coin. If the coin doesnt have it, so it is better to find another one

[zhekinsp]

Daily trading volume of STPT is just about 50BTC means it can be easily manipulated,Don't trust any coins price movement as real when they have less than 1000 BTC trading volume in the last 24 hours.Even 12% is not something huge which happens any day even if there is no implement related to that coin.

[sunsilk]

There's no need to create a new thread for this coin. Someone has already made the noticing gain of it within a month on this section. And I think discussion should just continue there.

Link: STPT is up by 135% in the Last 2 Months

[Fundamentals Of]

I have noticed a handful of threads dedicated to STPT that suddenly pops out here and there. Duplication on this topic is happening. It seems STPT is now bent on promoting their project in whatever way possible, even through hiring shills on this forum. The coming out of these threads is either a bandwagon effect of the rising market cap of STPT or the quick rise is connected to the sudden rise of STPT threads on this forum.

[ecnalubma]

12% growth in a day is nothing and barely noticeable in crypto market not really enough indication to buy. However if the growth is significant due to development of the project theres really no need to hype specially if it triggers positive sentiment.

[Furious 7]

STPT market capitalist is currently around $ 7,494,206 meaning this will continue to decline if market conditions are like this, another note they say 135% profit in 2 months while you only 12% a day see the current price of stpt is down so where is the possibility of rising?
Maybe this will continue to be manipulated again by large investors or the pope?

[samuraijin]

12% in my opinion is not too big to increase every day, even today it has gone down 8%, do not be too hasty in assessing projects from price increases, of course there is a lot that can be seen from the project team and information derived from this project, some Big beginners come directly to buy when prices go up and they end up stuck on it, so pay attention to what news comes from their project until there is an increase, if nothing means the increase has occurred because of manipulation

[ePesoInitiative]

You called that a huge spike? A real spike is a minimum of 100% for an altcoin. Especially now that across the board, almost all altcoins are suffering for lack of trading volume. The common 24 hr trading volume of a coin nowadays is to have an average of 500 to $1,000 dollars worth  - roughly 0.14btc.

[carlfebz2]

12% price increase?It isnt really that something where people to amaze on yet these movement arent really that big unless if we do talk about 100-1000x here then it might create some buzz but for this one?
No it wont.This is just a typical stuff or an ordinary day for crypto. Just to expect for these kind of sentiments reacting on price which is common but not all the times it do happen.Some people do always base
for news before re-entering or having the position. 12% gain isnt bad though if you able to buy earlier.

[asriloni]

It has happened a few weeks ago and why you just posted it now? As far as I know the growth of STPT has started from a few weeks ago but it's still very far from its ROI. just because it was growing a few percents and you always try to create another speculation thread for STPT. i remember if someone has made another STPT thread and i thought you can use it or is that you?
You must be a honest person just like try to mention the latest chart of stpt which has already started to get the bearish trend again.
the possibility of the price to go back again to the lower level. It's possible dude consider people are still choosing the major platform rather than stpt

[Strongkored]

When prices are not significant that is common in the crypto market as well as when there is an increase of more than 50% in a day can be caused by a pump group.
Updates about a project are only used as an excuse not the main core of an increase in the price of a coin.