Token highlights: Storj



STORJ (Storj) as a Large Cap Ethereum based Token is 96th in the 2100NEWS ranking. The quality of the order book of STORJ is Poor. The average quality of the order book for large caps members of the NWSL100 index is 17.2. What is the true value criterion in the crypto world?

*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.

 

About token

STORJ has been launched in 41 exchanges. Through ICO in May 2017, Storj raised $30 million.

Storj as a Large Cap Ethereum based Token is 96th in 2100NEWS ranking (after Index Review of 4th December 2020). It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100.

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 15.6, (Average for Large caps: 17.2)


Over the past week, the average market cap was $61.3 million; average daily volume was $8.0 million.


 

In this section, we will examine how the market, with price changes, evaluates project progress. It seems important to us if the project is outside of the usual tide of crypto project prices. To make an appropriate peer comparison, we gauged the STORJ (Storj) with 2100NEWS DA Ethereum Based Index (NWSET100).  On average (violet area chart), the relationship between STORJ and NWSET100 showed that it was weaker. Over the last three months, NWSET100 has outperformed STORJ. However, if we compare the STORJ green area graph with the orange index area graph while observing the correlation graph, the correlation graph explains that the correlation is weak (Pearsons correlation coefficient = 0.28). However, it was moving in the same direction as the NWSET100. So, it has been an ordinary representative of the NWSET100 index in terms of price changes.

*The chart below shows the STORJ compared to NWSET100 at the top, the box in the middle of the chart shows the original STORJ price, and at the bottom of the chart, we see NWSET100 and the correlation between  STORJ and NWSET100.

 

 

According to Etherscan, there are 75,196 token holders (at the time of this article’s writing).

 

2100NEWS observation:

They differ from other decentralized cloud storage projects by a different distribution of data across the network. We believe they did an outstanding job. The Storj Network is currently spread across over 10,000 uncorrelated endpoints, and that number is growing fast. Security is vital to them. They work hard to solve data security issues with the help of their own web app and client app. By web app, we can store our files, and client app offers us to rent our hard-drive space for the money. Community is also essential to them. They have 82.3 followers on Twitter.

 

About Storj – what they do

Storj (pronounced: storage) aims to become a cloud storage platform that can’t be censored, monitored, or have downtime. It is the first decentralized, end-to-end encrypted cloud storage platform.

Storj’s core technology is an enforceable, peer-to-peer storage contract. It’s a way for two people (or computers) to agree to exchange some amount of storage for money without knowing each other. We call the computer selling space, the “farmer,” and the computer purchasing space the “renter.” The renter and farmer meet, negotiate an agreement, and move data from the renter to the farmer for safekeeping.

Storj is an S3-compatible platform and suite of decentralized applications that allows you to store data in a secure and decentralized manner.

The tardigrade is an encrypted, secure, and cost-effective object storage service that enables you to store, back up, and archive large amounts of data in a decentralized manner. The tardigrade is faster and more predictable than competitors due to the way data is encrypted, split, and streamed in parallel. The Tardigrade network uses Erasure Coding to distribute file pieces over many Nodes located in different physical locations worldwide.

 

General information

Based in Atlanta, Georgia, USA, Storj has remote employees scattered throughout North America and Europe. The central team consists of Ben Golub (CEO), Shawn Wilkinson (Founder and Chief Strategy Officer), JT Olio (Chief Technology Officer), and John Gleeson (Chief Operating Officer).

 

Exchanges: 1inch Exchange, ATOMARS, Balancer, Bilaxy, Binance, Binance.US, BiONE, BitAsset, Bitay, Bitfinex, Bittrex, BKEX, CDAX, CoinBene, CoinEx, CoinTiger, Dsdaq, Emirex, Gate.io, Gemini, HBTC, HitBTC, Hoo, Hotbit, Huobi Global, Huobi Indonesia, Huobi Korea, Kraken, LATOKEN, Livecoin, MXC.COM, OKEx, OKEx Korea, Poloniex, Rekeningku.com, TOKOK, Uniswap (V2), Upbit, VALR, VCC Exchange, WazirX.

 

Website:    https://storj.io/

You can follow them:      Github    Reddit    Twitter

 

Do you know more about this topic, or would you like to report an error in the text? Leave a comment or email us at info@2100news.com.

 

The Crypto Highlights are considered the opinion of 2100NEWS, and the material is for informational purposes only, and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security, nor is it construed as investment advice. At the time of this article’s writing, the author did not hold any tokens STORJ.



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