Storj went down but fundamentals didn't change

After making high gains in november and december 2023, Storj has been falling to lower levels because of profit taking. Profit taking is a healthy, natural reason to lower the value of any asset, but the fundamentals are unchanged. So there is still a higher price to be expected. First target is usd 1.22, its high from end of 2023. That means it doubles the price of today. This might happen already in april / may 2024. Nothing is certain though in Cryptoland. I guess you know that by now.

Looking at the chart it will retrace the value above the us dollar in a parabolic way. Now is the time to invest some money in this prject by buying its coin. Though, for a better, say lower entry price, you might want to wait a couple of days or even 2 more weeks.

Just watch the price movement, and in the meantime, DYOR and watch their website, or use their platform when you have some unused storing capacity on your PC. In that way yu will learn about this project ans see if you consider it user friendly and usuable too.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.