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Status: The Resurgence of an Ethereum-Based Crypto Communication App

    Status, an Ethereum-based communication app conceived during the ICO boom, has experienced a remarkable resurgence, emerging as one of the most actively developed projects in the crypto ecosystem. According to data from Santiment, Status now ranks as the third-most actively developed project over the past month, with over 434 GitHub commits. The app, which positions itself as a competitor to platforms like Discord and Telegram, emphasizes community-oriented features and enables users to send crypto directly via its platform. Notably, Status diverges from other encrypted messaging apps by allowing users to sign up using crypto wallet addresses instead of phone numbers. Despite facing criticism for delays in delivering a working product, Status has recently announced the upcoming launch of alpha and beta versions of its app. Challenges such as scalability issues and layoffs during the 2018 crypto market crash slowed development, but a resurgence in activity and improved market conditions have revitalized the project. The native SNT token, which initially raised $100 million during its ICO, is currently tradingTrading Trading is a speculative activity of buying and selling financial assets aimed at profit. at $0.04, showing signs of recovery from its previous highs. Despite past setbacks, Status is poised to make strides in the crypto communication space with its renewed focus and development efforts. (Source: Cointelegraph)