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Storj (pronounced “stor-jay”) is an open-source blockchain network launched in 2014. It is a decentralized cloud storage platform that securely stores users’ data in the peer-to-peer encrypted storage platform. The platform uses $Storj tokens for the governance of the blockchain. There are 425 M total supply of STRJ tokens and over the past month, the token has turned bullish along with a couple of other altcoins.
If you want to know whether Storj can be a good investment option, you need to know the price predictions and long-term forecasts, which is exactly what we are covering in this article. According to the market analysis, the token is showing a promising uptrend. Let’s see what the future of Storj might look like in the coming years with the data available today.
What is STORJ?
Storj is a cryptocurrency blockchain platform that works as a small cloud storage system. Unlike usual cloud storage systems that use large databases, STORJ works on a peer-to-peer basis, and anyone with enough storage capacity can participate as a node in the blockchain network.
The project was launched with a whitepaper released in 2014, operating with more than 10,000 active nodes. The blockchain offers more than six petabytes (1000000 Gigabytes) of available storage capacity.
Users can use the storage space offered by the blockchain project by paying with a native token, STORJ. It is an ERC-20-compatible token that works on the Ethereum blockchain. The total supply of the token is 425 million, and as of writing this article, it has a market cap of $193.53 million with a value of $0.4932 per token.
Understanding STORJ Market
Before moving on to finding out the market predictions of the token, it is important to understand the current state of the token in the current market. According to the market analysis, the token has 85% bullish community sentiments, with just 15 % bearish sentiments. Here is the current overview of the token in numbers:
- Value: $0.4896 (35.89% rise in one month)
- Circulating supply: 392.41M STORJ
- Market Cap: $192.11M
- FDV (fully diluted value): $208.12M
- Trading Volume (24 hours): $36.98M
- Market sentiments: Bullish
- Fear & Greed Index: 65 (Greed)
- Volume/market cap (24 hours): 12.83%
- 50-Day SMA (simple moving average): $ 0.384749
- Volatility: 6.22%
According to the current market reading of the STORJ token on October 15th, regardless of the bull market, the price is predicted to drop by 12.32%, to reach $0.4292 within 30 days. However, it seems like the token price will uptrend in the coming months.
Storj’s community sentiments are bullish at the moment, and the Greed and Fear Index shows that the market is greedy. This means that most of the market participants and investors are optimistic about the future of the token. So, according to the technical indicators, it can be said that this is a good time to invest in Storj. However, since the cryptocurrency market is inherently volatile, you should prepare contingency plans in case of unforeseen fluctuations.
STORJ Long-Term Price Prediction
As we have already established, Storj has a lot of potential as a cryptocurrency. Studying the historical market shows that the price movements of the tokens about Bitcoin halving, the value of the token can reach an estimated yearly low of 0.391504, and a yearly high of $0.483958. Using the historical price variations, here is the long-term price prediction of Storj:
| Year | Yearly Low | Yearly High |
|---|---|---|
| 2025 | $ 0.391504 | $ 0.483958 |
| 2026 | $ 0.399474 | $ 1.615319 |
| 2027 | $ 0.379636 | $ 1.055779 |
| 2028 | $ 0.370152 | $ 0.723686 |
| 2029 | $ 0.260436 | $ 0.642895 |
| 2030 | $ 0.292052 | $ 3.07 |
Storj price Prediction 2025
According to the technical analysis, the forecast for 2025 says that the token can reach a higher end of $ 0.483958, and $ 0.391504 in the lower end in 2025. It shows a price gain of 0.14% in 2025.
Storj Price Prediction 2030
The long-term price prediction of the Storj token seems quite promising with a high end of $ 3.0, leading to about 500% increase in value. However, it may also come down to a low end of $ 0.292052. So, it is not free of risks.
How to Buy Storj?
As with other cryptocurrencies, you can buy Storj from DEXs (decentralized exchanges) or CEXs (centralized exchanges). While centralized exchanges may require user verifications such as KYC (know your customer), conventionally they offer more legitimacy than DEXs. some of the major exchanges, where Storj tokens are available include Binance, Coinbase, Coinswitch, Blocktrade, Kraken, and more.
Here is a step-by-step guide for purchasing Storj:
- Select a cryptocurrency exchange that offers Storj tokens. You may also need to verify the exchange’s legality in your jurisdiction.
- Sign up on the selected exchange and create an account, if you already do not have one. Depending on the exchange you choose, you may required to provide the necessary documents to create an account.
- Add funds to your account through the payment options that the exchange supports, which typically include credit/debit cards, account transfers, PayPal, and cryptocurrency transactions.
- You can find the buy/sell section in the exchange, and search for the STORJ trading pair.
- Select the order type, enter the amount, and complete the process to receive the Storj token in your exchange wallet.
- For better security, it is recommended to move cryptocurrencies from exchange wallets to non-custodial wallets.
Conclusion
STORJ tokens are used in the Storj blockchain for storing data on the blockchain. The past 30 days have been promising for the token, turning most of the market participants Bullish. The technical analysis, says that this is a good time for purchasing STORJ. In this article, we have explored the long-term price prediction of Storj tokens.
