Not too often do announcements on new NFT projects have an immediate impact on cryptocurrencies. In this regard, Storj, an ETH token ranked 88 in trading volume, skyrocketed within no time after such an announcement.
Storj Price Shoots Up
The token witnessed major boost thanks to the NFT update on Thursday. With a price increase of 42.6% from the 24 hour low, the ETH token went as high as $0.97.
As of writing, Storj is trading at $0.9273, up by a staggering 30.72% in the last 24 hours, as per data from CoinMarketCap. Also, the ETH token’s market cap had a massive jump from $245 million a day ago to $371 million currently.
The sudden spike resulted from the announcement around major brands adopting Storj to store exclusive tickets, gaming, music and sports NFT assets. Storj’s new NFT customers are Europa Labs, Ultimate Division and AMUZED.
Ben Golub, chief executive officer at Storj, said,
