Storj has demonstrated significant growth, reaching record levels, making it one of the best-performing tokens in the market. The primary reason for this success is considered to be the high interest in AI-related projects.
Storj Price and Volume Increase
In recent days, Storj's price reached $0.6660, the highest level since April. The token has grown by more than 157% since August. This occurred in a high-volume environment, with 24-hour trading volume exceeding $128.8 million.
Connection with Artificial Intelligence
Storj's growth coincided with renewed investor interest in AI-related assets. Companies like Nvidia and Palantir have shown impressive results, which also reflected on AI cryptocurrencies such as AI Companions and Akash Network.
Technical Analysis of Storj
Storj's price is about to form a 'golden cross', indicating a potential continued bullish trend. The token is nearing the 50% Fibonacci retracement level at $0.7130, which is a key resistance point.
Storj shows strong growth due to increasing interest in AI and cloud technology solutions, highlighting its potential for further market strengthening.