Storj Profile

STORJ
  

USD 0.33  0.01  2.94%   

Market Performance
0 of 100
Odds Of Distress
Less than 37
Storj is trading at 0.33 as of the 5th of December 2022, a -2.94 percent down since the beginning of the trading day. Storj has about a 37 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Cryptocurrency ratings for Storj are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of December 2020 and ending today, the 5th of December 2022. Click here to learn more.
Storj is peer-to-peer digital currency powered by the Blockchain technology. More on Storj
Storj is an online market maker for peer-to-peer digital currency indicated as Cryptocurrency. Storj has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Storj are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Storj are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Storj Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Storj's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Storj or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Storj generated a negative expected return over the last 90 days
Storj has high historical volatility and very poor performance
Storj has some characteristics of a very speculative cryptocurrency
Storj is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 24 exchanges in multiple currencies. Storj is a decentralized cloud storage platform that allows anyone to rent their idle hard drive space and to earn a revenue by doing so. Endusers can use Storj to store their files at competitive prices and within a p2p network that is secure from sever downtime, censorship and hacks. Payments within the Sotrj network are conducted with the STORJ token, an ERC20 Ethereum-based token.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 traditional cloud storage services.
Coin TypeStorj
IndustryInformation and Communication
FINMAUtility
FCAUtility
AccessPermissionless
Collateralized AssetNo
SymbolSTORJ
Technology Adoption RatingC+
NameSTORJ
Sponsoredfalse
Built OnETH
White PaperView
Is Tradingtrue
Asset Launch Date2017-06-19
Full NameStorj (STORJ)
Asset Website Urlhttps://storj.io/
Asset Token StatusFinished
Platform Typetoken
Coin NameStorj
Total Coins Mined425 Million
Smart Contract AddressView
Storj (STORJ) is traded on CRYPTO Exchanges. Storj is peer-to-peer digital currency powered by the Blockchain technology.

Storj's Exchanges and Markets

Bitstamp Coinbase Kraken Poloniex ABCC BitMart Binance Korbit DigiFinex CoinBene Gemini LBank Liquid Nuex HitBTC Bitfinex Yobit ZB DDEX IDEX Kucoin Tidex CoinEx BigONE

Storj Target Price Odds Analysis

What are Storj's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Storj jumping above the current price in 90 days from now is about 89.34%. The Storj probability density function shows the probability of Storj crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Storj has a beta of -0.5453. This usually implies as returns on benchmark increase, returns on holding Storj are expected to decrease at a much lower rate. During the bear market, however, Storj is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Storj is significantly underperforming NYSE Composite.
  Odds Below 0.33HorizonTargetOdds Above 0.33
10.61%90 days
 0.33 
89.34%
Based on a normal probability distribution, the odds of Storj to move above the current price in 90 days from now is about 89.34 (This Storj probability density function shows the probability of Storj Crypto Coin to fall within a particular range of prices over 90 days) .

Storj Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Storj market risk premium is the additional return an investor will receive from holding Storj long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Storj. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Storj's alpha and beta are two of the key measurements used to evaluate Storj's performance over the market, the standard measures of volatility play an important role as well.

Storj Technical Analysis

When it comes to investing in cryptocurrency, such as Storj, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Storj, which is currently traded at 0.33, shows everything you need to know about Storj market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Storj, to determine its price movements. However, the Storj's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Storj's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Storj's future price trend
Transformation
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Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Storj without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in Storj

You need to understand the risk of getting into digital currencies such as STORJ before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Storj in four ways:

Buy STORJ through an exchange

Get yourself a crypto wallet before embarking on your Storj journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Storj. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Storj through an exchange

You don't have to buy a full token when starting out since STORJ is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Storj through a broker

If you don't want to store your Storj Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in STORJ through an exchange-traded fund (ETF)

You can also invest in STORJ through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Storj in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
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Additionally, take a look at World Market Map. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Other Tools for Storj Crypto Coin

When running Storj price analysis, check to measure Storj's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Storj is operating at the current time. Most of Storj's value examination focuses on studying past and present price actions to predict the probability of Storj's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Storj's coin price. Additionally, you may evaluate how adding Storj to your portfolios can decrease your overall portfolio volatility.
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