Price Exploded: This Altcoin Price Soared After This Development!

  • The price of a little-known ETH token, ranked 204th by trading volume, skyrocketed right after a major NFT announcement.

After the crypto market surpassed $900 billion today, top cryptocurrencies were expected to lead the rally. However, despite being a relatively unknown cryptocurrency, Storj has managed to seize power, leaving all major cryptocurrencies behind.

Storge Price Rises

experiencing a major NFT update on Thursday Storj (STORJ) witnessed a massive increase in price. ETH token, which experienced a price increase of 42.6 percent from its 24-hour low, went up to $ 0.97.

According to CoinMarketCap data, it has been trading with a 24 percent increase in the last 24 hours. STORJ token It is trading at $0.93 at the time of writing. Moreover, the market cap of the ETH token has also increased dramatically from $245 million the day before to $371 million today.

Storj altcoin

The unexpected increase was due to the revelation that large businesses will be using Storj to hold private ticketing, gaming, music and sports NFT assets. Europa Labs, Ultimate Division, and AMUZED are reportedly new NFT customers for Storj.

Ben Golub, CEO of Storj, said of this partnership:

“Storj is ideal for storing digital assets such as NFTs as it brings enterprise-grade performance, durability and security to Web3. Printing platforms and brands can be confident that their customers will always have instant access to their NFTs.”

Alright What is Storge? Storj is an Ethereum token that powers Storj DCS (Decentralized Cloud Storage), a decentralized cloud storage network for developers.

Storj’s new customers

Europa Labs is an emerging leader in web 3.0 physical usability technology for NFTs, while Ultimate Division is a football simulation and card collecting game. The game allows players to build their own squads using NFTs and compete against other players for Ultimate Division tokens.

Koinfinans.com As we have reported, a smart contract enables the printing of an NFT player card with randomly generated skills, attributes and a fictional image of the player, and also allows the storage of game data. Speaking about the Storj partnership, Ultimate Division CEO Ruslan Azarov also commented on the subject:

“Storj enables us to manufacture our NFTs more transparently, securely and reliably.”

AMUZED, another of Storj’s partners, allows music lovers to interact with their favorite artists through NFTs. AMUZED, the first blockchain-based music manager game, is a platform that requires a fast and affordable storage option for users to collect private tokens. Overall, the company aims to reward both music artists and their fans.

You can check the price movements here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.

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