Storj (STORJ) Could Recover and Return to Top 150 Assets
Storj (STORJ) has experienced a downward trend in the past 19 months. However, with the recent altcoin bull run, there is potential for it to recover and make its way back into the top 150 assets on CoinMarketCap. Here are some key points to consider:
1. ATH and Heavy Fall: STORJ reached an all-time high of $3.9 in March 2021, but it has fallen by 86% from that peak. It dropped significantly to $0.57 in June of the same year.
2. Potential Recovery: There is hope for STORJ to regain strength and reach the $3 mark again by November 30, 2021. This could be a positive sign for investors.
3. Short-Term Traction: In the beginning of 2023, STORJ experienced a short-term recovery, going from $0.24 in December 2022 to $0.48 on Feb. 21, 2023. This shows potential for growth.
4. Consolidation Phase: According to data from CoinMarketCap, STORJ has been consolidating between $0.23 and $0.27 over the past month. This indicates stability in its price movement.
5. Recent Surge: As the crypto market cap rose to $1.2 trillion, STORJ saw an unexpected increase in trading volume and price. It has gone up by 60% in the past 24 hours and could register a 106% rise over the past week.
In conclusion, while STORJ may have reached its local top, there is still room for it to return to its all-time high. Investors should keep an eye on its performance and consider its potential for recovery and growth.
Hot Take: With the recent surge in trading volume and price for STORJ, it is showing strong signs of a potential recovery and return to its previous high. Investors should closely monitor this altcoin and consider it as a potential asset for their portfolio.
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