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How to Buy Storj
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Storj is on the rise this week. ↗
The price of Storj has decreased by 1.79% in the last hour and decreased by 2.58% in the past 24 hours. Storj’s price has also risen by 9.64% in the past week. The current price is $0.70 per STORJ with a 24-hour trading volume of $38.60M. Currently, Storj is valued at 82.44% below its all time high of $3.98. This all-time high was the highest price paid for Storj since its launch.
The current circulating supply of Storj is 399,090,022.33 STORJ which means that Storj has as total market cap of 399,090,022.33.
$279.2M
$38.6M
399.1M STORJ
20 days
#294
$3.98
↘ 1.79%
↘ 2.58%
↗ 9.64%
↗ 29.49%
↗ 53.13%
↗ 0.75%
↘ 2.83%
↘ 57.58%
↘ 57.79%
↘ 42.66%
Storj (STORJ) is an Ethereum token that powers a decentralized cloud storage network for developers called Storj DCS (Decentralized Cloud Storage). After a customer uploads a file to Storj DCS, pieces of each file are distributed to a global network of independent nodes. When someone requests the file, it is then recompiled securely and made available for download. This means that anyone can store files on Storj DCS without having to trust a centralized data center. Developers can purchase cloud storage services with STORJ. Network participants earn STORJ in return for providing unused hard drive space and bandwidth to the network.
Storj, pronounced as "storage," is an open-source cloud storage platform that leverages a decentralized network of nodes to host user data. It seeks to provide a unique approach to data storage by utilizing the unused hard drive space of participants in the network. Unlike traditional cloud storage solutions that store data in large data centers, Storj operates on a network of independent computers globally. This decentralized network connects users who need cloud storage space with those who have hard drive space to spare. The platform compensates these space providers, known as nodes, with Storj tokens. This system strives to protect user data against potential threats and eliminates the risk of storing data in a few isolated data storage units.
Storj operates by using its Tardigrade software installed on node computers to create and secure user data. Each file is encrypted before being dispersed to the network of independent hosts. Each node only receives a random fragment of a whole file, with decryption keys split among each node and the host. This is designed to resist hacking attempts. Node operators are compensated for hosting data and confirming the safety and retention of the hosted files in a process known as mining. The Storj token is used for this purpose. Individuals or organizations who want to store their data on the network provide the Storj tokens paid to nodes. This system strives to protect user data against hacks and other malicious attacks.
Storj seeks to provide an alternative to traditional cloud storage solutions. It could be used by anyone with extra terabytes of space and a strong, consistent internet connection. This makes it a potential solution for individuals, businesses, and organizations looking for a decentralized approach to data storage. It can be particularly useful for those who value data privacy and security, as the platform's encryption and decentralization features strive to protect user data from potential threats. Moreover, Storj could be a solution for those looking to contribute to a distributed digital economy, as it compensates participants for providing storage space.
Storj was first introduced as a concept in a white paper published in December 2014. It was founded by Shawn Wilkinson and John Quinn, who published the first white paper in late 2014. The platform was launched in late 2018. Wilkinson, a software developer based in Atlanta, saw how blockchain technology could be leveraged to build a decentralized cloud storage network. The current version of Storj, V3, was launched in the middle of 2019. The platform raised funds in its early years.
Date | Price | Change |
---|---|---|
Today (December 7, 2024) | $0.70 | -2.42% |
24 hours ago (December 6, 2024) | $0.72 | -2.58% |
1 week ago (November 30, 2024) | $0.64 | 9.64% |
1 month ago (November 7, 2024) | $0.47 | 53.13% |
1 year ago | $0.72 | 0.75% |
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
We update our Storj to USD currency in real-time. Get the live price of Storj on Coinbase.
The current market cap of Storj is $279.20M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Storj is $3.98. This all-time high is highest price paid for Storj since it was launched.
Over the last 24 hours, the trading volume of Storj is $38.60M.
Assets that have a similar market cap to Storj include EthereumPoW, 0x Protocol, UMA, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Storj is 399 million.
The median time that Coinbase customers hold Storj before selling it or sending it to another account or address is 20 days.
Storj ranks 96 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 86% of Coinbase users are buying Storj. In other words, 86% of Coinbase customers have increased their net position in Storj over the past 24 hours through trading.
Yes, Storj is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Storj guide.
765 unique individuals are talking about Storj and it is ranked #377 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Storj has an average sentiment score of 3.5 out of 5. Finally, Storj is becoming more newsworthy, with 0 news articles published about Storj. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about Storj. There were 63.95% of tweets with bullish sentiment compared to 10.88% of tweets with a bearish sentiment about Storj. 25.17% of tweets were neutral about Storj. These sentiments are based on 147 tweets.
On Reddit, Storj was mentioned in 51 Reddit posts and there were 90 comments about Storj. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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765 people
117 posts
0.04%
#377
3.5 out of 5
147 people
63.95%
Bullish
25.17%
Neutral
10.88%
Bearish
51
90
63
68
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.