Cryptocurrencies always amaze the world with their volatility and potential for enrichment. One of these "kids" that caught my attention is the SHX token Stonghold token . With a ranking of around 1000th according to CoinMarketCap , SHX may seem unremarkable to many investors. However, I decided to invest in this token and see if it could make "millions" if it ever returns to its "all-time high" (ATH). Right now I'm investing $200 in SHX and this article will be a sort of digest of my path to potential success or failure. Let's look at why SHX became an interesting object for my investment, and what is happening with it today. You will learn the technical points of buying this product and the nuances of storage.
(Note: This article does not constitute financial advice. Each investor should do their own research and consider the risks before investing in cryptocurrencies .)
Why SHX? Why did we pay attention to him?
Like most true crypto-enthusiasts , we are obsessed with the possibilities and future of the technologies that have brought cryptocurrencies into our world . The rapid development of blockchain is gradually covering all areas of our lives, from finance and banking to tracking and verifying the authenticity of goods. Most of all, we are interested in financial services, namely the opportunities that cryptocurrencies have given us , namely money transfers and tokens involved in them. If we take the first twenty-thirty by capitalization rating among cryptocurrencies , we will see a bunch of worthy projects, from Bitcoin , which has the status of digital gold, to stablecoins , which give us the opportunity to trade and save while avoiding volatility when entering them. But who is most responsible for money transfers, among the leaders of the rating, who has years of use in this field and is maximally integrated into the global financial system. Our focus is on two coins that are very similar to each other and share the same roots, XRP and XLM. An analysis of both tells us that XLM ( Stellar ) is a quieter haven, already operating in the shadow of its bigger brother ripple , which is more popular, has a larger capitalization and pending lawsuits in the US that prevent it from realizing its full potential . Closing questions on xrp will automatically postpone possible future questions to XLM, because it is a completely similar coin and blockchain in terms of functionality . What to expect from the growth of these two coins? We hope to see x10-x20 on the next bulran , and these will be very cool profits that we get for them when implementing such an option, but the crypt is famous for newcomers and stories about the past times, when Bitok was 10 cents, 12-13 years ago , or when the price of Ether was 2 dollars at the very start, what is the value of Doge , who gave 200-250x on the last bullrun . Looking back at such stories, we decided to make a small investment in a token with a small capitalization related to the world of finance and money transfers. While looking at the XLM ecosystem, we started looking at coins that use blockchain Stellar for its activities, and came across SHX, a coin that has a market capitalization of less than $3 million and currently costs $0.00045, which is about 130 times less than the maximum values of $0.059 that it showed in 2021-2022. Now let's find out whether this project is still "alive" and whether there is a prospect of returning to record figures for the token .
Understanding the SHX Token
Stronghold's mission is to provide fast, secure and affordable financial services for everyone. Through their own developer APIs, they provide access to legacy and next-generation payments and financial services. SHx , the Stronghold currency , is used for real-time settlements, commission discounts for business customers, rewards and merchant cash advances through decentralized funding. As we understand, these are more detailed functions of Stelar , with an emphasis on legal entities. The company's official website https://stronghold.co/shx greets us with the following slogan: " Most tokens store value, SHx creates it ." From the About Us section, it appears that the founders of Stronghold are from Stellar . "Co-founders of Stronghold , Tammy Kemp and Shawn Bennett , discovered that they shared a vision — to create a more inclusive, sustainable and connected global economy — back in 2014, working on the Stellar platform .”
At the time, the concept of financial access had even less recognition, but Kemp and Bennett believed that access to finance should be a basic human right, like food, healthcare and water. Each of their personal stories helped shape this value."
In the About Us section, you can find information about the Team, companies with which there were or are projects, and most importantly - a list of the main investors.
Also links to other social resources like https://www.linkedin.com , active X(Twitter) with followers we know from the crypto world and powerful YouTube ,with information about the company's activities and clippings from various speeches and forums.
token is a cryptocurrency that can be traded on various crypto exchanges . At the time of writing, according to CoinMarketCap , it is traded on three exchanges, Bittrex , Gate.io, Bitrue , and one decentralized platform , Stellarterm , which, as the name suggests, works with the XLM pair. By the way, SHX does not have its own blockchain and "runs" on XLM contracts (most volumes ) and ETH. CoinMarketCap 's SHX rating , as we mentioned earlier, may be relatively low, but this is not always an indicator of its potential.
Rating 1050 (at the time of writing), Capitalization $2.7 million. There are currently 5.8 billion coins in circulation, with 99.76 of them likely to end up on the market. The average trading volume at the time of writing the article is $25,000 per day, 90% on the blockchain Stellar , E thereum takes up the remainder of the power.
History and ATH
To determine the possible increase in the value of SHX, we will turn to its history. Let's take a look at its all-time high (ATH) and what factors could influence its return to this level. The highest price in history is 0.05931$, as already written above, it is about 130 times higher than now. At the time of the price ATH, the trading volume fluctuated around $1 million per day, compared to $25k now. What was the factor behind such a surge is still unclear to ordinary users; only people close to the company can know about it. Was it a presentation of product capabilities to a big player, such as IBM and the rumor about building Stablecoin on it, or market manipulation?
SHX growth scenario to ATH
We take a look at a possible path for SHX that would lead to a return to its ATH. This may include market events, partnerships, or technical updates that may affect this cryptocurrency . We are betting on great partnerships and legal clarity in the use of similar cryptocurrencies in the USA, the end of the Ripple case , a new bullish cycle of crypto and the adoption of these technologies by large players who already have partnerships with this company and new players who may be interested in this product. In this case, the price of the token Stronghold not only hopes to return to $0.05, but to go even higher from its all-time highs.
Investing in SHX
If you are considering investing in SHX, you need to understand the risks and rewards. Investing in cryptocurrency always involves significant fluctuations, and you should be prepared for this. Having analyzed all of the above, we decide to invest a small amount of $200. Let's make a rough calculation to understand the potential earnings, in case of a return to the price ATH:
To calculate how much you will receive in dollars if you invest $200 at 0.0005 in SHX and the value of SHX increases to $0.05, you need to multiply the amount of SHX you will purchase by the future price of SHX.
- First, let's calculate how much SHX you will get for $200:
- $200 / $0.0005 = 400,000 SHX
- Then, we multiply the quantity of SHX by the future price of SHX:
- 400,000 SHX * $0.05 = $20,000
So if you invest $200 in SHX at the current rate of 0.0005 and the price of SHX rises to $0.05, you will receive $20,000 in the future.
We are not registered on the exchanges on which SHX is traded, so we decided to use the decentralized platform Stellarterm , on which this token is traded against the owner of the XLM blockchain . To securely connect and use the exchange, we will use the secure Ledger cold wallet connection feature . Having previously installed the XLM application on our wallet, we buy XLM on the exchange and transfer it to our address on Ledger (example of adding an address to Ledger Live ) . Next, go to Stellarterm and select connection through hardware wallets, be sure to add SHX in your account so that the system creates a Stronghold address Token under your main XLM address , only after that proceed to the next step, direct conversion, otherwise it will lead to the exchange of Stelar for Stronghold , which will be sent to the address for burning. After adding your SHX address, go to the exchange (trade) section. We exchange and receive new tokens to our account . They will be stored in the blockchain Stellar at your address . At the time of writing, Ledger Live does not support the SHX token , so you need to use additional applications such as Stellarterm , for shipping or trading. Detailed video on purchasing SHX:
Summary
What we didn't see: Do they have customers/users of the product? Usage is the main value that this token can get. Liquidity is needed not only from trades on exchanges, but liquidity of the technology itself. Sitting on the Internet for a couple of days, I did not find this information, except for the developments where this technology can be used, and that it fully complies with the ISO20022 standard. Next, it's the obscurity with 95% of the tokens sitting somewhere on balance and not in circulation. What will happen to them when they hit the market? And other.
Among the advantages we have found is a team of investors, which can be found in the About us section. People from Square and The Bancorp Bank and others. And the team's speeches at various meetings and forums, they are known in the world of new bank transfer technologies in the USA.
The opportunity to make money or even make hundreds of Xs on top by investing $200 in SHX if it returns to its ATH is there, but it's important to understand the risks and be prepared for them. Cryptocurrency always leads to unpredictable fluctuations, and only a thoughtful approach and thorough research can help you make your own decision about investing in SHX. But, if you still decide to invest in this token , then for such long-term storage, use only a safe method of ownership, which is usually Cold storage . Thank you for your attention and we wish you to make the right decisions!
