Crypto Storage Token Storj Rallies 43% Overnight as Trading Volume Surges

📆 7/5/2023 7:49 PM
📰 CoinDesk

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Crypto storage token, Storj (STORJ), has rallied over the last two days, doubling its market value as it sees an increase in trading volume. LedesmaLyllah reports.

Crypto storage token, Storj , has rallied over the last two days, doubling its market value as it sees an increase in trading volume.

The token has since retreated slightly to around $0.42 at the time publication. Bitcoin , the world’s largest cryptocurrency, has been trading flat over the past two days and is down slightly on Wednesday. Storj was created in 2014, and was built to take underutilized capacity on computers and let users rent it out to then be compensated in tokens. Storj is one of a few competing crypto-backed cloud storage platforms and is often described as an alternative to cloud storage platforms like those offered by Amazon or Google.

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