Storj Price Prediction 2021 and Beyond – Is STORJ a Good Investment?

In the same way that the internet revolutionized the world, cryptocurrencies have started to do the same. Starting with Bitcoin, transactions are never the same anymore as decentralization has made things much simpler, cheaper, and safer. After a while, every service on the internet was available through cryptocurrencies. But the internet offered something that cryptocurrencies had not provided yet, which is cloud storage. However, that changed as cryptocurrencies such as Storj were launched.

Storj is a cloud-storage network and a cryptocurrency that has been quite successful over the past few years. There are a lot of features that make Storj a unique cryptocurrency. Knowing such features would help you to better conclude if you should invest in Storj or not. Let’s begin with some brief information regarding Storj so that we can understand the price predictions of Storj.

Fundamental Analysis Of Storj

The name Storj resembles the word ‘storage’ since Storj provides cloud storing services. This storage is provided by nodes that serve as hosts in the network. Initially, Storj was founded in 2014 by software developer Shawn Wilkinson. The co-founder of Storj is John Quinn, a businessman who was formerly involved in other blockchain-based projects. Quinn also played a fundamental part in creating the company behind Storj, which was named Storj Labs Inc.

To fund the Storj project, the team held public sales, where they managed to raise around $460,000. In the following years, the team generated around $30 million through token sales, which was sufficient for launching the project.

If you are familiar with torrents, then you might not have it difficult to understand how the Storj network works. This peer-to-peer network allows users to share files. The first main element of Storj is File Sharding. File Sharding is the process of breaking down a file into much smaller parts so that it can be shared easier. Besides the fact that shards make file transferring faster, they also provide security in terms of who maintains your files. Since such files are separated, a single user cannot be the host for the entire file. Moreover, the owner of the file is the only person who has access to who is holding your file shards. This is available to the owner through the distributed hash table, known as Kademlia. The latter requires the private key of the owner in order for them to access the shards. So the main difference between torrents and Storj is the privacy that Storj provides you. 

Storj (STORJ)
Rank: 393
$ 0.335432
Price (BTC)
$ 48.23 M
$ 7.15 M
24h Change
Total Supply
425.00 M STORJ

Another feature of Storj is the Parity Shards. The main function of parity shards is to promote redundancy of the file shards. You are the only one who can determine the level of redundancy of your files by choosing the number of parity shards you want. These are essential for avoiding the possibility that your file gets lost. This can only happen if the host who is providing you cloud storage goes offline. So it is of much importance that you choose a high level of redundancy.

However, too much redundancy in the network can cause congestion, which may affect the efficiency of the network. Because of this, Storj also uses a system known as Erasure Coding. Erasure coding makes sure that file shards have not been overly duplicated and redundancy levels remain stable.

The ones who upload a file are known as tenants, while the hosts are known as farmers. When the tenants upload the files, they are encrypted and divided through sharding. Not only that the farmers cannot access the shard information, but they also cannot make sense of the shard without the other parts of the file. If a hacker wants to access the files, he would need to locate all the shards of the file in the Storj network, which is practically impossible. That can only be achieved if the hacker has the private keys and access the Kademlia. This makes Storj a much safer option than centralized cloud storage options.

Farmers get compensated by the network with STORJ tokens for their contributions. To make sure that the farmers are regularly working, the network does file verifications every single hour. This form of audit is done by sending farmers a form of request. If the farmers are able to respond to that form, then the verification is complete. 

Storj Price Prediction 2021 and Beyond - Is STORJ a Good Investment?

Storj payments for hosts. Source: Storj

Another feature in the Storj network is the Bridge server. This server allows tenants to store their encrypted file keys in a safer way. Before the Bridge, keys were stored in computers, which were vulnerable to hackers. Moreover, if you would have to use a different computer, you would not have been able to access your keys. Bridge solved these issues.

In terms of pricing, storing files in Storj is a lot cheaper compared to centralized options such as Amazon, Google, etc.

Storj Price Prediction 2021 and Beyond - Is STORJ a Good Investment?

Pricing for the Standard Plan storage option in Storj. Source: Storj

Not only that such options are around 80% cheaper than centralized options, but there are also available in the majority of the countries, as well as easily accessible.

Now let’s talk a little about the tokenomics of Storj. The total supply of Storj initially was 500 million STORJ, where 25% of this amount was sold through an ICO in 2017. A portion of this 500 million was burned, so the current total supply is around 425 million STORJ. The circulating supply of Storj is around 288 million STORJ. The consensus mechanism used for Storj transactions is Proof-of-Work (PoW)

A lot of cryptocurrency exchanges support Storj so you can use such exchanges to purchase STORJ. The most reliable ones are Binance, Kraken, etc.

For storing STORJ tokens, you can use either hot or cold wallets. The best hot wallets that support Storj are Binance, Coinbase, etc. The best hardware wallets for Storj are Ledger and Trezor.

Storj Price Prediction 2021

Storj is looking to update and add new features in its networks that plan to improve it even more. This undoubtedly can increase the price of Storj in the near future. Furthermore, 2021 is far from over since a lot of experts predict another bullish trend. Storj may likely surpass its price record set this March. The price of STORJ is predicted to surpass $5 and possibly get close to $7 by the end of the year.

Storj Price Prediction 2022

If Storj achieves its anticipated success in 2021, that may continue in 2022 as well. 

Storj Price Prediction 2021 and Beyond - Is STORJ a Good Investment?

Some of the updates that Storj plans to bring to the network. Source: Storj

Achieving such updates can make Storj one of the best file-sharing networks. It is no debate that networks such as Storj are better options when compared to centralized cloud storage options. As cryptocurrencies and Storj specifically gain more attention, the price of STORJ is likely to increase. Predictions say that the price of STORJ can exceed $10 in 2022.

Price Prediction For The Next 5 Years

Not only that decentralized cloud storage is cheaper for people, but it also is safer. When people begin to realize this, the demand for STORJ tokens increases. Furthermore, since Storj has a limited supply, its price is less likely to inflate. This may cause a shortage in the future and increase the price of STORJ. The only challenge that Storj has is its cryptocurrency competitors such as Sia. Sia also offers decentralized cloud storage. However, if Storj successfully implements future updates, it can become a rather serious problem for Sia. However, even Sia is a small-cap cryptocurrency with a market cap of $778 million. Both Sia and Storj can increase despite the competitiveness. Because of this, the price of Storj can go up to $25 in the long run.

Storj Market Prediction 


WalletInvestor predicts that the price of STORJ can increase in the long run. In the long run, the price of STORJ can go as high as $8.

Storj Price Prediction 2021 and Beyond - Is STORJ a Good Investment?

Storj (STORJ) price growth prediction. Source: WalletInvestor

Also, YouTuber Radies Rajakulam gives a careful examination of Storj and its price factors. He suggests that if more ‘big’ players invest in Storj, its price can easily go up to $10 in the future.

Our Storj Prediction

Based on other predictions and price factors discussed so far, we at CryptoAcademy predict that the price of STORJ can go to $30 by the end of 2021. As for the long run, the price of STORJ can surpass the $100 mark as cryptocurrencies may inevitably become even more important.

Historic Market Sentiments


The STORJ token was launched in Jule of 2017 and had a price of $0.81 on its release. The price dipped to $0.37 in the following days. Investors bought the dip and increase its price up to $1.82 by August. The price was around $0.40 in the following months. In December of that year, the price of STORJ started increasing again and went as high as $2.43.


The beginning of 2018 involved a continuation of the price increase that started in December of 2017. The price went to $2.62 by January 9th of 2018. However, that was the peak of the year since the price of STORJ started a bearish run, reaching as low as $0.12 by December.


2019 was a rather disappointing year for Storj, as the price ranged from $0.09 to $0.30 throughout the whole year. The same can be said for a lot of other cryptocurrencies, as investors had become pessimistic in the crypto community.


It was fairly normal for investors to be reluctant from holding cryptocurrencies in 2020 due to the pandemic. However, the price of STORJ still managed to go $0.68 in September of this year, which then dipped back to $0.30 in the last quarter of the year. 


On January 1st of 2021, the price of STORJ was $0.29. The price started a bullish run in the first four months of this year, primarily due to the BTC halving of 2020, which correlated to a bullish market. In late March of this year, STORJ reached its highest of all time at $3.91. This marked a 1200% price increase in just one quarter of the year. The price was followed by a dip, and the price of STORJ is around $0.94 as of June 14th.

With this current price and a circulating supply of around 288 million STORJ, the market cap of Storj is around $270 million. This ranks Storj at number 135 in the crypto market. This market cap makes Storj a small-cap cryptocurrency, meaning that it has the potential to grow even more. The fully diluted market cap of Storj is around $398 million.


Is Storj a good investment?

Based on many predictions, the price of Storj can increase, making it a profitable investment. Furthermore, if you rent storage you can make a decent profit.

Can STORJ price ever reach $10?

Since Storj has still not fulfilled its price potential, it can easily reach $10 in the following years.

Is Storj worth buying in 2021?

Since Storj is being updated regularly so that it becomes better than its competitors, it can be worth buying due to its price potential. 

Can STORJ price increase?

Yes, there are a lot of factors that suggest that the price of STORJ can increase in both the short and the long term. Its supply is limited, its services are efficient and profitable, and it is a better option than centralized cloud storage options. These factors suggest that the demand for STORJ tokens may increase in the future. A lower supply and a higher demand drive the price of STORJ higher.


  • Storj is a file-sharing network that provides decent storage for cheap prices. 
  • The native token of Storj is STORJ, and it is used for transactions within the network. 
  • Storj uses file-sharding, parity shards, erasure coding, and bridge server to ensure a safe service.
  • The price of Storj is predicted to increase in the coming years.
  • Storj could reach $6 by the end of 2021.
  • Overall, Storj is a very good investment.