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Storj

<a href="https://crypto.news/storj-raises-3-million-to-enhance-distributed-cloud-platform/">Storj</a> (STORJ) has moved downward over the past 19 months. With the recent altcoin bull run, it could recover back to the top 150 assets on CoinMarketCap. 
STORJ hit an all-time high (ATH) of $3.9 in March 2021 — currently down by 86% from its top — with a heavy fall to $0.57 in June of the same year. However, the asset could return to the $3 mark on November 30, 2021. 
Moreover, with the start of 2023, STORJ — the main utility token of the cloud storage provider Storj — gained short-term traction, recovering from $0.24 in December 2022 to $0.48 on Feb. 21, 2023. 
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The asset has been, according to data provided by CMC, consolidating between $0.23 and $0.27 over the past month. As the crypto market cap witnessed a significant recovery to the $1.2 trillion mark, the STORJ trading volume and price skyrocketed unexpectedly. 
According to CMC’s data, Storj is up by 60% in the past 24 hours and trading at $0.57 at the time of writing. The asset could also register a 106% rise over the past week. 
<figure class="wp-block-image size-full">
 <img decoding="async" width="1171" height="517" src="https://crypto.news/app/uploads/2023/07/STORJ-price-July-5.png" alt="STORJ price skyrockets amid recent market-wide recovery - 1" class="wp-image-14176161">
 <figcaption class="wp-element-caption">
 STORJ price – July 5 | Source: <a href="https://coinmarketcap.com/currencies/storj/" target="_blank" rel="noopener">CoinMarketCap</a>
 </figcaption>
</figure> 
Furthermore, STORJ’s 24-hour trading volume skyrocketed by almost 2,900%, reaching over $636 million with a market capitalization of $213 million at the time of writing. According to the CMC data, most of the asset’s trading volume, roughly $623 million, comes from <a href="https://crypto.news/glossary/centralized-exchange-in-crypto-trading/">centralized exchanges</a>. 
While the STORJ price seems to have reached its local top, the asset still has much room to return to its ATH.&nbsp; 
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STORJ price skyrockets amid recent market-wide recovery

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