Storj’s price soared by more than 25 percent to top the list of altcoins that gained. Storj’s price surge coincides with the start of a large conference that brings together scientists around the globe at the University of Liverpool.
STORJ traded at $0.48 as of the date this article was written, and its daily volume had increased by more than 1,700%. It now stands at $196 millions. STORJ’s explosive growth outpaced notable 24 hour performers such as Bitcoin Cash, Helium, and JasmyCoin.
What is Storj
Storj is a blockchain-based startup founded in 2018 that provides a platform for decentralised cloud data storage.
It rents out storage space to organisations and individuals around the world. This is allocated to clients who want to access fast, cheap, and secure graphics processor units (GPUs). The native token, STORJ, is awarded to space providers or nodes in this ecosystem.
Storj wins as Lattice conference 2024 begins
Storj, which recently acquired Valdi, an GPU supplier based in Pasadena (California), is hoping to increase its visibility during the Lattice conference 2024.
This annual symposium is an international conference on Lattice Field Theory, which attracts scientists all around the globe.
Storj announced recently that Lattice 2020 is ready. This latest conference is the 41st edition and will take place from July 28, 2024 to August 3, 2020 at University of Liverpool.
Originally. Lattice originally brought together particle scientists. The conference now covers new areas such as machine architecture, quantum computing, algorithms and more.
The participants at the event this year can expect to see new discoveries, innovations and ideas in quantum field theory.
Storj was one of the sponsors of Lattice2024. This may have been a contributing factor to STORJ’s sharp rise. CoinGecko’s data indicates that DePIN is on the rise. According to the platform Storj is ranked above Helium, JasmyCoin and JasmyCoin for 24-hour and week-long gains.
STORJ price prediction
Storj has risen more than 20 percent since its low of $0.28 at the beginning of July. At the time this article was written, there were 24 hours between $0.38 and $0.49.
Storj’s gains came after it confirmed its bull pattern. Javon Marks thinks there is potential for STORJ’s breakout to push it above $1. Analyst Javon Marks believes the bullish target for STORJ could be as high as $2.9.
Storj’s all-time peak was $3.81, reached in March 2021. The altcoin traded last above $1 on December 20,23. Its year-to date peak was $0.90, reached in March.
As new information becomes available, this post STORJ prices spike 25% at Lattice conference 2024 may change.
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