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Storj / TetherUS

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STORJUSDT trade ideas

There may be something in stor-j for us Possible targets for storj if we breakout meaning if we get enough buyers for this beast Storj, pronounced as “storage,” is an open-source cloud storage platform. Basically, it uses a decentralized network of nodes to host user data. The platform also secures hosted data using advanced encryption. In a white paper published in December,2014, Storj was first introduced to the world as a concept. It was to be a decentralized peer-to-peer encrypted cloud storage platform.
by kalenl
STORJ (Storj) Tokens Analysis 29/03/2021Fundamentals: Storj, pronounced as “storage,” is an open-source cloud storage platform. Basically, it uses a decentralized network of nodes to host user data. The platform also secures hosted data using advanced encryption. In a white paper published in December,2014, Storj was first introduced to the world as a concept. It was to be a decentralized peer-to-peer encrypted cloud storage platform. Two years later, an updated white paper was published. Here, a decentralized network — connecting users who need cloud storage space with those who have hard drive space to sell — was described. The platform was launched in late 2018. People with hard drive space and good internet connectivity can participate in the network. They become a unit in the network, called a node. Space providers are rewarded by Storj tokens As a decentralized cloud storage network, Storj is unique in more ways than one. For one, unlike traditional cloud storage solutions that store data in huge data centers, Storj runs on a network of thousands of independent computers. Anyone with a few extra terabytes of space can become a node on the platform by installing Tardigrade. All that is required is a strong and consistent internet connection. The efficiency of the network means that hosts pay far less for the storage of their data than when employing Storj was founded by Shawn Wilkinson in May 2014. Wilkinson was a software developer based in Atlanta. He saw how blockchain technology could be leveraged to build a decentralized cloud storage network. Together with his co-founder, John Quinn, the first white paper was published late 2014. Since then, the concept and details have changed. The current version of Storj, V3, was launched in the middle of 2019. In addition to being a blockchain enthusiast, Quinn had extensive background in business development. Prior to founding his own projects (including Storj) he had been involved in the investment banking industry. The concept was finally incorporated as a company — Storj Labs Inc. in May 2015. At the company’s inception, Wilkinson served as CEO. Later, he stepped down for a more experienced hand to take the wheel, with Ben Golub currently serving as CEO. Wilkinson is now the chief strategy officer (CSO), while Quinn serves as the chief revenue officer (CSO) as well as a member of the company’s board. The platform was able to raise 910 bitcoin worth about $460,000 in 2014 in a public crowd-sale. They raised $3 million in a seed funding round three years later and then held a token sale, generating an additional $30 million that same year. Technical Analysis: the Price has touched the extension level 161.8% Fibonacci Projection and currently had retraced to the parallels leg of the same fib which the good sign of trend continuation to the 261.8% there are total of 3 Targets which is the 161.8% fib Projection and the Past ATH and the other is the 261.8%, 361.8% with some price correction in between
Long
by BitonGroup
11
STORJUSDT | Accumulation Before The Massive Growth!Hello, traders! Today we have a very interesting altcoin - STORJ, which is on the accumulation cycle now. This is usually the sign of the potential huge growth in the future. STORJUSDT ANALYSIS The price was in the parabolic stage of an uptrend and now it has a nice correction. Now the price is testing the weekly R1 level. The is a high probability that it can reach the weekly R2 because the MFI shows the bearish hidden divergence (downtrend continuation). The weekly R2 ($1.89) looks like a very strong support. In addition the 50-day ema is going to reach this level and support the price. STORJBTC ANALYSIS Here we can see almost the similar situation, but the price have already broken down the weekly R1 and is going to reach the R2 level. Taking in account that STORJUSDT and STORJBTC markets are related with each other we can conclude that there is a high probability that the price will touch the 50-day EMA before the growth continuation. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
4