Storj Price Prediction13 days ago by Anna Key
- The highest Storj price in 2021 is predicted to be around $2.01.
- The lowest expected Storj price is $1.76.
- Analysts' Storj price prediction ranges from $1.65 to $2.10.
Storj token — is the native Ethereum token (ERC-20 standard) of a decentralized Storj network that allows storing encrypted data. In fact, it’s a decentralized solution for cloud storage. The platform and the token have an open-source code and are represented as a service for safe data storage, uniting the advantages of blockchain technology, cloud databases, and end-to-end encryption. Every Storj user can become the landlord or a rentee of the cloud space paying or be paid in Storj tokens.
Storj forecast is directly related to the development of the Storj platform. The coin can be bought for fiat and other cryptocurrencies and stored in a crypto wallet or custodian. Storj supply is limited to 425 million tokens.
TIcker Symbol: Storj
Market Cap: $336,144,756
All-Time High: $3.91
What is Storj?
Storj is a native coin for decentralized cloud storage platform Storj DCS. It’s an ERC-20 utility token that is used to pay for the services of the platform. The Storj project was started in 2017 and initially, it was supposed to be an encoded crypto storage platform, but instead evolved into the network model. Uploaded objects are being separated into 80 parts each of them encrypted. But to increase the transaction speed the user needs to get verification from just 29 blocks to receive the assets.
Any computer can run the software and the users can also earn Storj tokens for renting some space on their device.
Storj audits the contracts every hour through a random file verification algorithm to make sure that files are constantly hosted by storage nodes. Node operators have to send a cryptographic approval of possessing the information. Upon the receipts of the approvals, the nodes get the rewards for hosting and maintaining the file.
The entire coin supply was minted at launch and then 75 million coins were released for the sale and at the moment there are approximately 287.1 million tokens are circulating. No more assets can be created from minting, though for storage providers new tokens are available through farming, including landing or staking the tokens.
Storj crypto price prediction was changing since launch and the price history shows all the changes that happened to the token. Initially after the launch Storj price was $0.49 and then grew up to $2.25 in less than a month, but dropped to $0.34 in a few months. Same story happened to the coin in 2018 when it rallied on the market's rally showing a new all-the-time-high of $2.58.
By March 2020 Storj current price dropped to $0.06, but after that followed the market trend as all the cryptocurrencies started to be traded more expensive. The token’s price kept jumping from one position to another until it reached the current position of $1.40 at the moment of publishing.
Storj Price Predictions: Analysts' Price Forecasts
Walletinvestor Storj Price Forecast
We gathered the Storj price predictions sources to provide a wide picture of the token’s market position. According to Walletinvestor Storj is a good long-term investment. It’s possible for the asset to double its current price by the end of the year and the 5-year investment revenue is expected to be around 370%. So, investing $100 in 2021 will bring $437 in 2026. Based on the last 30-days chart the token shows a bullish tendency and also the price increase is highly anticipated. So, Walletinvestor recommends buying Storj, price prediction for which is optimistic.
The technical analysis from Digitalcoinprice is also showing that Storj price is bullish and in the next months and years, the asset’s price will increase and has the potential of doubling its current value in 1 year time. According to the market, indicators overview the best investment decision for Storj is to buy or hold the crypto. Storj forecast chart shows the steady value improvement over time and reaching the price of $5 by 2026.
As reasonably noted by Gov.Capital the crypto was in the constant uptrend for the last year and the portal connects it with the popularity of similar market segments at the time. According to the data provided by the platform’s Deep Learning Algorithm Storj token price prediction in 1-year prospective is a 31% increase. The prognosis was based on price and volume changes, market cycle, and the performance of the similar coins. And as a bullish market is easier in trading the token is advised for trading for the investors that are just starting trading.
Storj forecasts was also made by Tradingbeasts by combining linear and polynomial regressions and it shows that the coin will reach $1.80237 by the end of October 2021 with the possibility to experience a stronger surge and reach as high as $2.25296. In the next couple of months and even years, the token will be keeping the positions without significant growth or fall after stabilizing the position at the end of 2021.
Storj Price Prediction 2021
Assuming Storj price Forecasts from different sources it’s considered to be a profitable investment for 2021. Analysts think it’s possible for the token to reach $1.91 by the end of the year. In case the investors show bigger support to the asset its price can even reach $2.
Storj Price Forecast 2022
The charts continue to show bullish trends for Storj in 2022. Some analysts make suggestions that the token price will reach $2.02 next year and maybe more. Yet there is not much in Storj technology to be excited about, but if it keeps the positions the trend will stay bullish. It also doesn't seem like Bitcoin bearish trends can affect the Storj price a lot, making it a worthy investment.
Storj Price Forecast 2023
In 2023 there is not much data yet about what is going to happen with the project, but most of the sources predict Storj coin to be keeping its positions with slight price falls and increases over the year. Approximately it will be estimated around $2-3. Some of the analysts offer more optimistic views suggesting that Storj coin can reach up to $6 as early as 2023.
Storj Forecast 2024
With longer Storj price prediction terms prognosis become more contradictory, as some of the analysts expect the price surge to $7, while other sources reckon the token price stays at an average price level of $1.6 showing a slight downturn compared to the previous years.
Storj Price Prediction 2025
Most of the Storj price Forecast shows that the price of the token will steadily grow and if 2024 brings contradictory opinions, the prognosis of 2025 is more bullish. After a possible dip in 2024, the token will recover and grow again. Most of the charts estimate the token price in 2025 between $4 and $5 average price, making the token a considerably good long-term investment.
Storj Price Prediction 2030
There is an opinion that if the bullish trends continue price of Storj can surge as high as $15 as the development of decentralized cloud storage will improve with the growth of the demand for such a service, but only if the Storj platform will remain one of the top contenders of the industry. The least positive prognosis suggests the asset to cost at least $8 average price.
After analyzing several price prediction sources it becomes obvious that the future price of Storj can not be predicted too precisely. It will depend on many factors that are not known at the moment, such as new technological solutions for Storj Platform, announcements, the state of the crypto market in general, legal positions and regulations, etc. There is an opportunity for Storj to become a flagman platform for fighting ransomware and this can cause wider adoption for the technology and as a result stronger price spiking.
What Will Be The Storj Price in 2030?
Most likely the digital asset price will increase, the most optimistic prognosis expects the token to cost up to $80, but in reality, it’s very complicated to predict how the price will behave as it will depend on many external factors as well.
Will Storj reach $100?
It is possible, but not in the coming 10 years. None of the analysts can promise such a fast growth for the token.
Where to Read Storj News?
CoinJoy is collecting all the Storj news and Storj Predictions in one place making it easily accessible for those who want to stay tuned to the latest updates of the crypto world. The users can customize their feed choosing either the most interesting topics or the favorite resources.
Thanks to the comprehensive approach the users can be sure to always stay tuned to the up-to-date Storj crypto news. Convenient design and user-friendly interface make CoinJoy the best place to get to know only reliable and trusted Storj news today and every other day.
Will The Storj Go Up?
Yes, according to the technical analysis from numerous resources it’s most likely for the price of Storj to increase with time.
Is Storj a Good Investment?
Storj is considered a moderately profitable long-term good investment with a possible 5-year revenue of 340%.
What is the Storj Price Forecast on Reddit?
Reddit users make different suggestions about the future price of Storj, but most of them follow the technical analysis flow, expecting it to steadily gain the price. At the same time, some users notice that Storj has the potential to grow faster and that it was purposely underestimated by the most known services.