The price of STORJ (pronounced “storage”) has increased by a little over 30 percent in the last 24 hours. CoinMarketCap shows that STORJ (an ETH token) is the 88th-largest coin in terms of market capitalization.
NFT Update on Friday saw a substantial increase in the token. STORJ hit an all-time record high of $0.97. This is a 43% increase over its 24 hour low.
The current selling price for the coin at $0.9273 is a staggering 30.73% increase in 24 hours according to CoinMarketCap. Its market capitalization has risen from $245 million the previous day to $371 millions as of today.
STORJ allows users to share cloud storage. Users don’t need to send files to huge data centers. Instead, they can store the files on their own computers.
Strong Support for STORJ
To be considered a host, you must have a reliable and fast internet connection as well as plenty of storage space. You can make money by sharing files with others.
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.
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Amuzed is a blockchain-based music gaming platform that allows users to listen to their favorite artists’ music using NFTs. Ultimate allows participants to play a soccer-themed metaverse in which they earn Ultimate Division Tokens. Europa Labs aims at improving the computational abilities of clients who use their preferred data platform.
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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.
The STORJ/USDT daily price chart shows that the price of STORJ displayed green candles starting June 13.
The trend continued with minor retracements until Friday when token saw its most significant green candle.
The asset’s price has risen 130 percent in the past 10 days from $0.4005 down to $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