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Storj Token Price Prediction

An up-to-date Storj Token price prediction for 2022, 2023, 2024, 2025, 2030. Wondering what is the future of STORJ price? Find out Storj Token price forecast with historical, fundamental and technical analysis.
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Storj Token Fundamental Analysis

Project name
Storj Token
Stock Symbol
STORJ
Current Price
0.452
Current Supply
424999998.00001335
Launch Date
2017
Official Website

STORJ is an Ethereum-based token powering Storj Network, which serves as a commercially available decentralized cloud storage. Storj is one of the older blockchain projects, founded in 2014, initially envisioned as an encoded crypto storage platform, later transformed into the network model. Now it’s an open-source project, providing private, secure, highly available storage for individual or enterprise-grade projects. 

Storj allows anyone with the extra disk space and bandwidth (there are some other requirements, but none of them are prohibitive) to run a node enabling them to share their resources with the users who need them. The objects that users put into the storage get encrypted and split into 80 parts, which helps keep the security level high. Note that to retrieve this information, a user needs to access only 29 parts of 80. This redundancy provides a fast and easy way to access the whole object, making the technology resistant to node failures. The network overall is secured using the Proof-of-Work consensus protocol. To make the user experience while working with Storj smoother, it’s integrated with some tools like file connectors and dashboards.

STORJ token is used to incentivize nodes providing resources and securing the network. It also serves as a means of payment for commercial storage services.

Storj Token Live Price Chart

At the initial token sale and for some time after, in 2017-2018, Storj experienced a price surge when it reached up to $2.5. Around the time the project was launched in late 2018, the price settled into the ~$0.2-$0.3 range. It remained there until mid-2019, when it drifted even lower, sometimes getting under the $0.1 mark. In the summer of 2020, as the market uptrend was gaining momentum, Storj’s price grew too, again trading at around $0.3 or higher. The real breakout in price happened in early 2021 when the price first jumped higher than $0.8 in February and later beat its previous record by reaching a new all-time high on March 27. At that point, the market being close to the peak coincided with the token’s Coinbase listing, which brought Storj to the $3.91 mark. Later the same year, Storj’s price turned into decline, reaching ~$0.5. In late June 2021 Storj’s price turned up sharply, trading at up to ~$0.9, but there remains some doubt whether it’s a long-term trend reversal.

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Storj Token Technical Analysis

Despite the fact that 100% accurate technical analysis for Storj Token cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated STORJ buy-and-sell rating for selected timeframe. The summary for STORJ/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Storj Token Price Prediction

Below we have collected the most reliable price projections for Storj Token (STORJ) from popular forecast platforms.

Storj Token Price Prediction for 2022

As for Storj Token price predictions for the rest of 2022, there are divergent opinions. PricePrediction.net expects a downturn towards $0.18984, and WalletInvestor echoes with ~$0.1808 by the year’s end. Other experts, for example, from TradingBeast, are more enthusiastic about Storj Token’s future price, citing upwards of $0.633409 in December.
Potential ROI: -26% Sell

Storj Token Price Prediction for 2023

According to WalletInvestor, in 2023 Storj Token investors should expect price growth to $0.89948, which seems a good reason to consider Storj Token as an investment option. TradingBeast, in turn, predicts the price increasing to $0.593356, and PricePrediction.net agrees with a predicted growth to $0.89948.
Potential ROI: 76% Buy

Storj Token Price Prediction for 2024

The experts are unanimous in their Storj Token price forecasts for 2024 — everybody expects Storj Token’s price to grow by the end of that year. PricePrediction.net predicts the price growth reaching $0.50172. According to WalletInvestor’s research, Storj Token’s price can go up to $0.64184. TradingBeast’s forecast is also positive: its analysts hold the view that by 2024 Storj Token’s price will be about $0.5641.
Potential ROI: 26% Buy

Storj Token Price Prediction for 2025

WalletInvestor has only pessimism in store for the 2025 Storj Token price prediction, valuing Storj Token at $0.3842 by the end of 2025. PricePrediction.net agrees with a negative forecast and predicts, in turn, $0.19436 for the same period. On the other hand, TradingBeast’s team is more optimistic — their Storj Token price prediction for December of this year is just $0.590436.
Potential ROI: -14% Sell

Storj Token Price Prediction for 2030

Speaking of long-term Storj Token price predictions for 2030, experts present two polar opinions. PricePrediction.net expresses the view that Storj Token price will grow further and eventually reach $0.74128 by the end of the decade. WalletInvestor’s price prediction for Storj Token echoes with the projection of an uptrend to $0.77292. Despite this, TradingBeast’s vision remains not so positive, promising a downfall to $0.236175.
Potential ROI: 29% Buy
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Summary

As it can be clear from the analysis cited above, Storj Token (STORJ) projections are rather contradictory. There is no universal consensus either about positive or negative future STORJ price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Storj Token projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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