STORJ Price Is Not Out of the Woods Yet Despite 70% Increase

The Storj (STORJ) price has broken out from long- and short-term descending resistance lines, greatly accelerating its rate of increase on July 4. At one point, the price had increased by 70% in less than two days.

Timeline of Storj

Storj, one of the biggest players in decentralized storage, saw its token skyrocket on Wednesday. The token soared to a high of $0.5805, the highest level since September last year. At its peak, the coin's price was up by more than 170% from the lowest level in June this year.

The STORJ token leads gainers with a 30% price rally in the past 24 hours and according to CoinMarketCap, the token is now the 88th 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

A low-cap altcoin is erupting in the last seven days as the broader crypto markets flash signs of strength toward the end of the week. STORJ, the native asset of Storj, a decentralized protocol designed to provide an end-to-end encrypted cloud storage platform, has more than doubled its value in just one week.

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.