Have you ever considered investing in Storj? This cryptocurrency is becoming more popular, so it is understandable that many experienced investors are getting drawn to it. But is STORJ a good investment? Is it one of the best investments to buy this year? And when is the best time to buy Storj and stand a good chance of making a reasonable profit?
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One of the best ways to determine whether a digital asset is going to be a profitable investment is to get acquainted with its price predictions. Here, we are going to discuss Storj price predictions and forecasts for 2022 through 2030.
To make sure that our Storj price forecasts are as valuable as possible, we are not going to rush you through some numbers. Rather, we will discuss key factors you need to understand to understand the forecasts and use them for good investment decisions. In the end, we will provide answers to some of the commonest questions people ask about STORJ investment.
Content
- What Is Storj?
- Why You May Consider Investing In Storj
- STORJ Price History
- Storj Price Predictions And Forecasts
- Storj Price Predictions For 2022
- Storj Price Predictions For 2023
- Storj Price Predictions For 2024
- Storj Price Predictions For 2025
- Storj Price Predictions For 2026
- Storj Price Predictions For 2027
- Storj Price Predictions For 2028
- Storj Price Predictions For 2029
- Storj Price Predictions For 2030
- Should You Invest In Storj?
- FAQs
What Is Storj?
Storj can best be described as an open-source cloud storage platform. It was initially introduced In 2014 as a concept to build a decentralized peer-to-peer encrypted cloud storage platform. A couple of years after it was introduced for the first time, an updated whitepaper for the project presented it as a decentralized network that will connect two categories of users – those who need cloud storage space and those who have hard drive space to sell.
One of the first things to know about Storj is that it brings decentralization to cloud storage. It doesn't make use of data centres like traditional cloud storage solutions. Rather, Storj runs on a network of independent computers. Computer users from across the globe can join the network easily. Any user with an extra terabyte of storage space can become a node in the network by simply installing Tardigrade.
Storj was founded by Shawn Wilkinson, an Atlanta based software developer in 2014. Even from the early days, he worked with John Quinn as a co-founder. Quinn is a cryptocurrency enthusiast with a background in business development. The two men published the initial whitepaper for the project, incorporated the company as Storj Labs Inc. and refined the project to arrive at the current outcome together.
Before we move on from this section, it is important to note that Storj has a native currency that goes by the same name. On the cryptocurrency market, this asset trades by the ticker symbol “STORJ”. It is the digital currency you will need to buy to invest in Storj, as a regular trader or investor. This digital currency is the focus of this price prediction article.
Henceforth, we will use Storj, Storj token, and STORJ interchangeably.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Why You May Consider Investing In Storj
Primarily, people invest in cryptocurrencies because they want to earn profits. Though the market is volatile and consequently risky, it can be very rewarding when you pick the right coin and trade carefully. But then, it is essential that you invest only in digital assets with bright futures.
One of the reasons Storj is seen as a good cryptocurrency is because it solves a real-world problem. It is not like Bitcoin and some of the earliest digital coins, which were mostly stores of value. Storj brings decentralization to cloud storage, making it easier for people to join and earn rewards for participating in network activities.
Storj is very efficient, as a decentralized cloud storage solution. The efficiency means that users ultimately pay less for data storage than they will normally pay with traditional cloud storage providers. People will continue to patronize the network as its popularity expands. STORJ will also gain value as more and more people adopt its network for cloud storage.
Again, STORJ is like every other cryptocurrency out there, in terms of value. It is a valuable asset that fluctuates regularly. The volatile nature of the coin means it can yield profits and also result in losses. You just need to be strategic to invest right and make profits.
Check Out: 9 Promising Cryptocurrencies To Invest In
STORJ Price History
Now that we have provided the relevant background information on Storj and also discussed why you may want to invest, it is time to consider how the Coin has performed in the past.
STORJ had its initial coin offering (ICO) in May 2017. The token sale happened between 18th May and 24th May and the ICO price was $0.5 per token. Coingecko started tracking the price of the coin in October, and that is where we will start.
On 7th October 2017, STORJ traded at $0.4130 and by 31st October, it was down to $0.3843. By 18th October 2017, STORJ has risen to $0.630 and it gained more value throughout November. In December 2017, the Storj token started well and by 12th December, it reached $1.00 per token. It increased further in December and on 31st December, it traded for $2.56 per token.
STORJ started strong in 2018 but dipped soon afterwards. As of 4th January 2018, the coin was trading for $2.58 but by 27th January, it was down to $1.54. By 1ST February 2018, the Storj token traded for $1.25 and by 10th March, it was down to $0.962. The price of the coin dropped to $0.695 on 7th April, before improving to trade at $1.16 by 1st May. The gain didn’t last at all as the price of the coin dipped again to reach $0.6759 on 29th May. By 30th June 2018, STORJ was down to $0.4348. The bearish market continued and on 9th September, STORJ traded for $0.2445. By 2nd December, it was down to $0.1876 and on 30th December, it traded at $0.138.
The entirety of 2019 was a disappointing year for STORJ, in terms of the price of the token. On 4th January, it traded for $0.1448 and only managed to reach $0.2377 on 20th February. By 7TH April, the coin reached $0.3207 and dropped back to the $0.2 region the next day. It remained within that range until 15th July when it dropped down to $0.1761. The coin remained in the $0.1 region till the end of 2019. On 30th December 2019, it traded for $0.1000 per token.
The beginning of 2020 was worse than 2019 for the Storj token. On 2nd January 2020, it traded for $0.0958 and dropped throughout January and February. On 13th March 2020, the coin reached its all-time low of $0.04835. It started recovery slowly, and by 29th June, it traded for $0.1563. August was a good month for the coin as it reached $0.2559 on the 20th. By 29th August, it had improved to $0.5727. It dropped in September, reaching $0.3458 on 22nd September, and by 1st October 2020, it had risen to $0.5112. On 30th December 2020, STORJ traded at $0.2985 per token.
2021 was the best year in STORJ price history. On 4th January, the coin traded at $0.3246 and by 1st February, it had improved to $0.4269. By 1st March, the coin was still trading at $0.6418 only to record a massive gain to reach its all-time high price of $3.91 on 28th March 2021. The coin didn’t stay too long up there, and by 13th April, it traded for $2.46. By 6th May 2021, Storj dropped to $1.98 and on 2nd July, it was down to $0.795.
After dropping abysmally in the second quarter of 2021, Storj started improving in August. It reached $1.00 on 4th August and by 28th August, it traded at $1.46. On 1st September, STORJ traded at $1.48 and by 4th October, it traded for $1.22. By 2nd November 2021, STORJ was up to $1.87 per token and by 30th November, it had climbed further to $2.94. It didn’t perform so well in December. On 5th December, it traded for $1.85 and on 28th December, it traded for $2.07.
2022 has seen the price of the Storj token drop further. On 2nd January 2022, STORJ traded for $1.85 and by 30th January, it had dropped to $1.16. On 14th February, it traded for $1.15 and by 28th February, it was down to $0.944.
STORJ/USD price chart. Source: Coinmarketcap
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Storj Price Predictions And Forecasts
We’ve covered Storj price history in a detailed manner. Reading through the last section carefully, you will see how the price of the coin has changed in the past years. Now, it is time to discuss how it will move in the coming years.
For our Storj Price predictions and forecasts for 2022 to 2030, we will make use of data from reliable sources. We’ve also applied the best analytical methods to predict the price of the coin and will also consult a number of authority websites to see what analysts think of the future of Storj. We will simplify the predictions individually to make them easy to understand and use.
Storj Price Predictions For 2022
Considering what we have seen so far this year, it is unlikely that Storj will gain significantly in the next couple of months. Expected growth will happen from June when the coin is expected to record an average price of $1.02 and a minimum price in the region of $0.97. It will then gain marginally throughout the last six months of the year, reaching a maximum price of $1.38 or more in December. Throughout 2022, we project that the average price of the Storj token will be in the region of $0.93.
Storj Price Monthly Predictions For 2022
Are you planning to invest in Storj in 2022? Then you need to know how the price of the coin will move in the remaining months of the year.
In April 2022, the projected minimum price for the Storj token is $0.95 while the maximum price will be $1.02. This means the average price will be in the region of $1.00. In May, we project that the minimum and maximum prices of STORJ will be $1.00 and $1.06, respectively. The average price for May will then be $1.04.
In June 2022, the minimum price of STORJ will be $1.03 while the maximum price will be $1.12. The average price, therefore, will be $1.08. Our Storj price prediction for July 2022 is a minimum price of $1.08, a maximum price of $1.17 and an average price of $1.12. In August, the coin is expected to record a minimum price of $1.12 and reach a maximum price of $1.21. The average price for the month will be $1.17.
In September 2022, STORJ’s minimum price is projected to be $1.16 while the maximum price will be $1.26. The average price of the coin will be $1.20. In November, the coin is expected to record a minimum price of $1.20 and a maximum price of $1.37. Its average price for the month will be $1.25.
Our Storj price predictions for December 2022 is a minimum price of $1.26, a maximum price of $1.42, and an average price of $1.30. Depending on market factors, the coin can perform better than we’ve projected, or a little below expectations.
Storj Price Predictions For 2023
It is expected that Storj, as an open-source cloud storage platform, will become more popular in the coming years. If this is the case, then the price of the Storj token will receive a boost. However, the boost is not expected to cause a big change in the price of the coin. Rather, it will make a decent improvement in 2023.
According to forecast, Storj price prediction for 2023 is $1.756. Based on our analysis the coin has what it takes to beat this prediction. If the market is favourable, we expect Storj to record a minimum price of $1.38 and a maximum price of $2.18 in 2023. The average price of the coin will be $1.86, which is the best figure to work with if you are trying to figure out the value of your potential investment.
Storj Price Predictions For 2024
We want to believe that the days of STORJ fluctuating so much is coming to an end. In the coming years, we expect that the price of the coin will grow steadily, starting from next year to 2024. If the market should be as favourable as we expect, then STORJ will reach the $3 mark once again before the end of 2024.
As per our Storj price forecast for 2024, we expect a minimum price in the region of $2.15. We also expect that the coin will reach a maximum price of $3.19 within the year. Based on these figures, the average price of the Storj coin will be $2.74.
Storj Price Predictions For 2025
In 2025, our forecast shows that Storj will reach the $4 mark early and the average price will be in that region. The cloud storage solution might become a well-sought-after solution for individuals and small businesses. The team behind it has what it takes to make the platform more attractive, and they will likely roll out more features before 2025. As per our Storj Price prediction for 2025, the minimum price is expected to be $3.17 while the maximum price is projected to be $4.64. The average price for the year 2025 should be in the region of $4.10.
Storj Price Predictions For 2026
2026 is also expected to be a good year for the Storj token. If the coin can grow in three years as we have projected, then it will sustain the growth in 2026. In fact, it is likely to record more growth in 2026 than in the previous years.
According to our algorithm-based analysis, the minimum price of STORJ in 2026 should be $4.30 while the maximum price should be $6.86. Throughout the year, the average price of Storj should be in the region of $5.96.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Storj Price Predictions For 2027
Many cryptocurrency investors will want to know what the price of STORJ will be in the next five years so as to time their investment properly. Based on what we know, the price of the coin will improve significantly before 2027. The platform must have been adopted by many people by then, and that will definitely improve the price of STORJ.
As per our Storj price forecast for 2027, we expect that the coin will reach the $10 mark before the end of the year. The minimum price of the coin for the year should be $6.79 while the maximum price should be $10.03. The average price for the year should be in the region of $9.40.
Storj Price Predictions For 2028
If most market factors should favour Storj as we believe they can, then the coin should be much more valuable by 2028 than it is now. Prices may be a little low within the first three months of 2028, but the coin will establish support at the $10 region within the first six months of the year.
Our Storj price forecast for 2028 shows that the coin can record a minimum price of $9.77 but improve steadily to reach a high price of $16.13. The average price per one Storj crypto for the year should be in the region of $14.15.
Storj Price Predictions For 2029
If Storj performs as well as we believe it can perform, then the price of its token should improve significantly even before that year. In 2029, we expect that the coin will reach $20 and establish support within that level.
According to our 2029 forecast for STORJ, the minimum price of the coin will be $16.09 while the maximum price should be up to $23.73. Most of the gains will be made during the last six months of the year. Throughout the year, the average price should be in the region of $20.75.
Storj Price Predictions For 2030
Whether you already own STORJ or you are planning to buy for the long term, you should be interested in what the price of the coin will be worth in 2030. Based on the information at our disposal, we can assert that the coin will grow significantly before 2030. Again, STORJ will record significant growth in 2030.
As per our Storj price prediction and forecast for 2030, it is expected to record a minimum price of $22.71 while the maximum price is expected to be $34.85. The average price per Storl token is projected to be in the region of $30.75.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Should You Invest In Storj?
STORJ has been on a bearish run since December last year. People who invested around November 2021 will be forgiven for thinking that they have made a bad investment? But is STORJ really a bad investment? Should you buy STORJ now? Should you sell your STORJ? Or should you avoid the coin completely?
From the price history section, you can see that STORJ is a very volatile asset that has seen several good days and bad days. From the price prediction sections, you can tell that we expect the coin to grow significantly within the next eight years. If you have the stomach for risky investments, then you can go ahead and invest.
There are several reasons to believe that Storj will become more valuable in the coming years. The platform is better, cheaper, and more efficient than traditional cloud storage solutions. It will become a lot more popular in the future, and that will have a significant impact on the price/value of its token (STORJ).
Will Storj Go Up?
Our Storj prediction suggests that the median price will be valued at $1.05 within the first six months and reach $1.35 by the end of the year. According to experts' price predictions, the average price per STORJ token will stay above the $4 mark in 2025 and $30 in 2030. The uptrend momentum is predicted to continue in the long run.
eToro — Top Cryptocurrency Platform To Buy Storj
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
FAQs
Are you considering investing in STORJ but have a few pressing questions on your mind? Here are answers to some of the commonest questions we get about investing in Storj:
Is Storj (STORJ) a profitable investment?
In recent times, the price of STORJ has been dropping. However, our forecasts show that the price of the coin will improve in the future, and it will become profitable.
Is Storj a good investment for the future?
Based on what the price of STORJ can be in the future, it is a decent investment. However, STORJ is not one of the most reliable cryptocurrencies. Bitcoin and Ethereum are better. Stocks are more reliable as investments for the future.
Will Storj make me rich in the future?
It is possible that Storj will make you rich in the future. However, you need to invest cautiously because you can also lose your capital while trading cryptocurrencies.
Will the price of Storj rise or drop in the future?
It is likely that the price of Storj will rise in the future. It is at a low point now and our forecasts show that it will rise and not drop. However, the truth is that bearish runs are inevitable.
How much will Storj be worth in the next ten years?
According to the data we have, Storj will be worth more than $50 in the next ten years. Of course, there is no guarantee that it will reach this height, but the chances are high.
Will Storj reach $10?
Yes, STORJ has what it takes to reach $10. According to our price forecast, the coin will reach the $10 mark within the next five years (2027).
Will STORJ reach $100?
It is possible that STORJ price will reach $100 in the future. However, it will take a long time. According to our price predictions, the coin will not reach that mark within the next ten years.
Will STORJ Crash?
It is unlikely that STORJ will crash. Our analysis shows that STORJ will gain value in the future instead of crashing.
Is Storj a risky investment?
Yes, STORJ is a risky investment. Just like every other cryptocurrency out there, STORJ is a volatile asset. Trading/investing in Storj is risky, and you should only invest if you are sure you have the stomach for the level of risk it embodies.
Where can I buy STORJ?
STORJ is available across a wide range of cryptocurrency exchanges and platforms. However, eToro is regarded as one of the best platforms to buy STORJ and other digital assets. It has several specs for crypto traders of all experience levels.