Storj (STORJ) – A Relatively Unheard Crypto – Leads Gainers With 30% Rally
June 25 2022 - 5:42AM
NEWSBTC
The price of STORJ (pronounced “storage”) has increased by
a little over 30 percent in the last 24 hours. According to
CoinMarketCap, STORJ, an ETH token, is the 88th largest coin by
market capitalization. The token experienced a significant increase
thanks to the NFT update on Friday. STORJ reached an all-time high
of $0.97, a 43 percent rise from its 24-hour low. Currently, the
coin is selling at $0.9273, an increase of a remarkable 30.73
percent in the last 24 hours, according to statistics from
CoinMarketCap. Additionally, its market capitalization soared from
$245 million the day before to $371 million as of today. STORJ is a
platform for shared cloud storage. Instead of sending files to
massive data centers, users can just store them in independent
computers of the host. STORJ Gets Strong Backing Two requirements
must be met to qualify as a host: a solid and speedy internet
connection and terabytes of storage space. Users can make money by
storing the files of others on their computers. An announcement
about major businesses embracing STORJ to store unique tickets,
music, sports NFT assets, and gaming caused a sharp increase in the
token’s price. Europa Labs, Amuzed, and Ultimate Division are the
company’s newest NFT customers. Suggested Reading | Top 5 Cryptos
Taking A Major Beating In The Ongoing Market Mayhem Crypto total
market cap at $941 billion on the daily chart | Source:
TradingView.com Amuzed is a blockchain-based music gaming platform
that allows users to listen to their favorite artists’ music using
NFTs. Ultimate provides participants with a soccer-themed metaverse
game in which they can earn Ultimate Division Tokens (TKDS),
whereas Europa Labs wants to improve the computational capabilities
of clients on their preferred data platforms. Suggested Reading
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Green Candles Show Bullish Potential Similarly, 24-hour trading
volume for STORJ has surged by more than 100 percent, reaching
$408,455,560 – an increase of 127.94 percent. Examining
the STORJ/USDT daily chart, the price of STORJ has displayed green
candles since June 13. This trend persisted with small retracements
on the daily chart until Friday, when the token recorded its
highest green candle of the move. In the last 10 days, the price of
the asset has increased by 130 percent, from $0.4005 to its current
level of $0.80. It remains to be seen whether the relatively
unheard crypto will be able to sustain this growth in the future or
if it will be just another “one-hit” wonder. Featured image from
CyberBump, chart from TradingView.com
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