What was the high and low price of Stader (SD) coin?

Despite reaching an all-time high in 2021, Stader (SD) Coin has faced fluctuations, falling significantly in 2022 before recovering to its current price of around $0.04 in August 2023.

Jan 04, 2025 at 12:21 am

Key Points:

• Stader (SD) Coin Price History and Analysis
• Stader (SD) Coin: An Overview
• Factors Influencing Stader (SD) Coin Price
• Key Price Metrics of Stader (SD) Coin
• FAQs Related to Stader (SD) Coin

Stader (SD) Coin Price History and Analysis

• Stader (SD) coin is a native token of the Stader platform, a decentralized staking infrastructure provider for Proof-of-Stake (PoS) networks.
• SD coin was launched in August 2021, with an initial price of around $0.06.
• The coin reached its all-time high of $0.25 in December 2021, during the broader cryptocurrency market bull run.
• Following the market downturn in 2022, SD coin declined significantly, reaching a low of $0.01 in June 2022.
• Since then, SD coin has gradually recovered, trading at around $0.04 in August 2023.

Stader (SD) Coin: An Overview

• Stader is a non-custodial staking platform that allows users to delegate their PoS tokens to validators, earning rewards while retaining control over their assets.
• Stader offers a suite of features, including auto-compounding, multi-strategy staking, and cross-chain staking.
• The platform supports various PoS networks, including Ethereum 2.0, Solana, and Cosmos.
• SD coin is used for governance on the Stader platform and for staking rewards.

Factors Influencing Stader (SD) Coin Price

• Overall cryptocurrency market sentiment: SD coin, like all cryptocurrencies, is influenced by the broader market sentiment. Positive market sentiment, such as during bull runs, often leads to increased demand for SD coin.
• Adoption of Stader platform: As more users adopt the Stader platform for staking, the demand for SD coin increases, potentially driving its price higher.
• Competition from other staking providers: SD coin competes with tokens from other staking providers, such as Lido Finance (LDO) and Rocket Pool (RPL). Competition can impact demand and supply, affecting SD coin's price.
• Token economics and supply dynamics: SD coin has a limited supply of 100 million tokens. Token supply dynamics, such as token burns or emissions, can influence price fluctuations.

Key Price Metrics of Stader (SD) Coin

• All-Time High: $0.25 (December 2021)
• All-Time Low: $0.01 (June 2022)
• Current Price: $0.04 (August 2023)
• Market Capitalization: $40 million (August 2023)
• Trading Volume: $2 million (24-hour average)

FAQs Related to Stader (SD) Coin

1. What is the use case of Stader (SD) coin?

• SD coin is used for governance on the Stader platform and for earning staking rewards.

2. Where can I buy or sell Stader (SD) coin?

• SD coin is available for trading on a variety of cryptocurrency exchanges, including Binance, Coinbase, and Kraken.

3. How does Stader compare to other staking providers?

• Stader offers a non-custodial staking platform with a suite of features, including auto-compounding and cross-chain staking. However, competition from other providers, such as Lido Finance (LDO) and Rocket Pool (RPL), can impact demand and supply for SD coin.