The decentralized cloud platform for data storage, Storj, has recently been showing positive signals indicating a real increase in demand for its services. This promises further strengthening of the STORJ token price over the next quarter due to several fundamental factors.
Firstly, Storj is actively expanding its partnership network, integrating with leading companies and startups. Among its recent partners are Securitize, FileZilla, HIVE, and Dapper Labs. This increases the platform's usage and demand for the STORJ token.
Then, Storj developers are improving the technology to enhance the speed, security, and scalability of the network. Recent updates include improvements in data transfer bandwidth and the ability to deploy nodes on users' private networks.
Next, the volume of data stored on the Storj platform is steadily increasing. Since August 2022, it has grown by 15% to over 150 petabytes. The growth in the number of users and data ensures demand for STORJ tokens needed to pay for network services.
Finally, Storj is attracting the attention of institutional investors, including venture funds. A recent funding round of $100 million from industry leaders signals confidence in the project's potential. This could lead to an influx of investments in STORJ.Considering these fundamental factors, there is a high probability that the positive momentum of the project will accelerate the growth of the STORJ value over the next 3 months.
Although the price remains volatile, technical analysis also indicates support testing around $1 and the potential for an upward movement. Therefore, optimistic investors have the opportunity to increase positions at current price levels.