Stafi (FIS) Might Be Heading Lower After 13% Fall

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Stafi (FIS) Might Be Heading Lower After 13% Fall

Stafi has crashed sharply recently, and unfortunately for investors historic price movements suggest that the market is heading lower.

We can't predict the future, but we can analyze what happened in the past. Stack looked at the past performance of Stafi (FIS). We analyzed 16 historic occurrences when the price fell sharply over a 7-day period.

Why Stafi's Price Might Be Moving Move Lower

We have seen this situation play out before. Or at least, similar situations.

Over those 16 past occurrences, we found that 81.25% of the time the price increase by a median -28.47% over the following 30 days.

For example, on August 13th, 2021 we saw the price of Stafi fall by -26.2%, only to rebound by -26.4% over the following 30 days.

What does this mean for investors?

It's important to remember that this is just one indicator. Lots of factors can affect the price of any investment.

Crypto is no different. Social media, developer activity, the number of exchanges and on-chain activity are all factors that can influence the price of any crypto project. Stack factors all these into it's ranking system to make it quick to compare the quality of different cryptos.

If you feel that other factors, including the broader crypto market, are favorable given the suggested 7-day holding period. Then it could represent a good time to invest, or a good entry point. We recommend that you do your own research (DYOR) before making any investment decisions.

What else might be moving the price?

As mentioned above, several factors can influence the price of any investment. Here are some that Stack can help you track.

The broader market's movements

The broader market is also down by a median -9.4%. Most cryptos are highly correlated, especially to Bitcoin and Ethereum. So this is likely affecting the price. Going against the grain can work, but should be done with caution.

Project developments

How active have the developer for Stafi been?

Over the past 4 weeks there have been 10 commits on Stafi's Github account. This compares to an average of 0 commits per week.

Spotting significant changes in developer activity can highlight potential new products being worked on and abandoned projects that might be in decline.

Social activity

Social media can have a powerful effect on cryptocurrency prices. Even a single tweet can move markets (we're looking at you Elon). It's difficult to gauge sentiment just by scrolling, but you can use tools like Stack to monitor the growth of a project's followers.

Stafi's Twitter followers have increased by 0% over the past 7 days. You can view stats for other networks in the full report for Stafi.

Important Disclaimer: This material is for informational purposes only. None of the material or any material on the stack.money website should be interpreted as investment advice. Stack does not make any express or implied warranties, representations or endorsements whatsoever with regard to the material or related information. In particular, you agree that Stack and it's owners assume no warranty for the correctness, accuracy and completeness of the material.
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