STORJ (Storj) increased by 23.14% in the last 24 hours.
Gate News Bot Report — November 7th: According to CoinMarketCap data, at the time of publication, STORJ (Storj) is trading at $0.18, up 23.14% over the past 24 hours. The price reached a high of $0.19 and a low of $0.14 during this period. The current market capitalization is approximately $77.2 million, an increase of $14.5 million from yesterday.
Storj is a decentralized cloud storage and computing platform offering fast, secure S3-compatible object storage services. The platform reduces costs and mitigates regional risks through automatic replication and global data distribution, while leveraging zero-trust and zero-knowledge principles to ensure high data durability. Storj’s architecture guarantees excellent performance from anywhere and can quickly scale to meet business needs.
Recent key news about STORJ:
1️⃣ Inveniam Capital Partners Acquires Storj
On October 22, 2025, Inveniam Capital Partners announced the acquisition of Storj, aiming to advance decentralized data infrastructure. This strategic move is expected to bring new resources and expertise to Storj, potentially driving technological innovation and market expansion.
2️⃣ Growing Demand for Decentralized Storage
As concerns over data security and privacy increase, demand for decentralized storage solutions is rising. As a leading project in this field, Storj’s unique distributed architecture and zero-trust principles are attracting more enterprises and individual users.
3️⃣ Technical Upgrades and Performance Improvements
The Storj team continues to optimize its platform, enhancing data storage and retrieval efficiency. Recent upgrades may include improved data sharding algorithms and faster network transmission speeds, helping Storj strengthen its position in the competitive cloud storage market.
From a technical perspective, STORJ’s price has broken through previous resistance levels, indicating strong upward momentum. However, investors should be cautious, as the cryptocurrency market is highly volatile and prices can experience rapid fluctuations.
This news is not investment advice. Please be aware of market risks when investing.
