STORJ Token Leads Gainers With 30% Price Rally: Analysis

The STORJ token leads gainers with a 30% price rally in the past 24 hours and according to CoinMarketCap, the token is now the 88^th biggest coin by market capitalization so let’s read more today in our altcoin news.

The token experienced a huge increase thanks to the NFT update and the STORJ token reached a new high of $0.97 with a 43% rise from its 24-hour low. Right now, the coin is selling at $0.9273 which is an increase of 30% in the past day as per the statistics from CoinMarketcap but the market cap surged from $245 million the day before to $371 million. STORJ is a platform for shared cloud storage and rather than sending files to massive data centers, the users can store them in independent computers.

The two requirements have to be met to qualify as a host as a solid and speedy internet connection and terabytes of the storage space with users can make money by storing the files of the others on their computers. The announcement about businesses embracing STORJ to store unique tickets, sports, music, NFT assets, and gaming was caused by the sharp icnrease in token price. Amuzed, Europa Labs, and Ultimate Divisions are the company’s NFT customers. Amuzed is a blockchain-based music platform whcih allows users to listen to their favorite artists’ music using NFTs. The ultimate providers participants with a soccer-themed metaverse game in which they can earn Ultimate Division opens while Europa Labs wanted to improve the capabilities of clients ont the preferred data platforms.
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In the past 24hour trading volume of the STORJ token surged by more than 100 percent. Examining the STORJ/USD daily chart the price charts show a green candle since June 13. The trend persisted with some smaller retracement on the daily charts until Friday when the token recorded the highest green candle of the move. In the past 10 days, the price of the asset increased by 130% from $0.4005 to a level of $0.80. It remains to be seen whether the unheard crypto will be able to sustain the growth in the future or it will be another wonder.