StoreX is a decentralized physical infrastructure network (DePIN) that provides an open-source, trustless, and censorship-resistant decentralized cloud storage platform powered by the XinFin blockchain.
This article will take a closer look at the StorX protocol to understand what it is and how it works. We shall also explore its native SRX cryptocurrency, predict its price through 2030, and list exchanges where the token can be traded, before determining whether it is a credible cryptocurrency investment.
So, without further ado, let’s get started.
What is StorX and How Does it Work?
StorX is a decentralized cloud storage network that allows users to store their data on a distributed network. Every file uploaded on the network is encrypted by a unique password given by the user. It is then split into multiple fragments to be stored on numerous autonomous storage nodes located worldwide.
The protocol is designed as a collection of independent storage nodes operated by individual operators spread across the world. No single operator on StorX, including the network itself, has complete access to users’ data. Its unique distributed architecture also safeguards the data from being exploited by hacks or ransomware attacks.
The team behind StorX claims it is faster and cheaper than legacy centralized cloud storage solutions. StorX enables those with spare storage capacity to lease their space to the network and earn great returns in SRX tokens, allowing them to make a passive income.
What is the StorX (SRX) Token?
SRX is the native utility cryptocurrency of the StorX protocol. It is used for transactions as well as to pay network fees. SRX is also used as an incentive to promote StorX’s cloud storage services.
Users can purchase any of the listed cloud storage services with SRX tokens. The coin is also used to pay storage providers. Users are also incentivized to hold SRX tokens.
SRX has a maximum supply of 1.5 billion tokens, out of which, 575.617 million are currently in circulation. The decentralized cloud storage network has a market capitalization of $14.947 million. It attained a 24-hour trading volume of $1.165 million.
StorX (SRX) Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
At the time of writing, StorX (SRX) is trading at $0.04376 – up 0.11% over the last 24 hours. Based on its current valuation, we have predicted the minimum, average, and maximum rates at which SRX will change hands between 2024 and 2030.
Please note that the figures given below are purely speculative and could change depending on how the market conditions affect StorX and SRX tokens.
| YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
|---|---|---|---|
| 2024 | $0.0503 | $0.0519 | $0.0581 |
| 2025 | $0.0728 | $0.0754 | $0.0867 |
| 2026 | $0.1076 | $0.1106 | $0.1282 |
| 2027 | $0.1594 | $0.1638 | $0.1860 |
| 2028 | $0.2322 | $0.2404 | $0.2782 |
| 2029 | $0.3306 | $0.3426 | $0.4036 |
| 2030 | $0.4904 | $0.5075 | $0.5680 |
Where to Buy StorX (SRX) Tokens From?
StorX (SRX) tokens can be purchased and traded on the following cryptocurrency exchanges:
Is StorX (SRX) a Credible Cryptocurrency Investment?
StorX is a cloud-based decentralized storage protocol on the XinFin network. The platform allows users to securely store their data on a distributed cloud where each uploaded file is encrypted and stored as multiple fragments across nodes. This way, StorX can secure users’ data and safeguard it from external threats.
Furthermore, users with unused storage space on their hard drives can lend it to StorX and earn SRX in return, offering them a passive income opportunity. Anyone with a computer can become a node on StorX.
All things considered, I would recommend StorX as a credible cryptocurrency investment due to the solution it provides in the form of an alternative to legacy cloud-based, centralized storage networks. DePIN protocols are coming up big and are one of the fastest-growing ecosystems in the blockchain space.
However, as is the case with every cryptocurrency, SRX is also prone to the extreme dynamics of the crypto market. Therefore, you must conduct thorough research before making any investment decision related to StorX or the SRX token.
Read more: Aethir Crypto (ATH) Price Prediction 2024-2030, Where To Buy?
