STORJ has Good Fundamentals, but its PR is Weak.
They have a working product with 20000 customers! How many projects do you know that can post such a claim. I have seen many inferior coins get hyped to much higher prices and market cap than STORJ. I bought some STORJ coins in [their last ICO which successfully raised $30 Million.] (https://storj.io/tokensale.html). Then, I watched the price fall because of the low publicity. I decided to hold my coins because I knew it was a good one. Today I am enjoying watching its price going 75% UP. But why did that happen?
Three Possible Reasons
I am not sure why did STORJ is soaring. I have checked their website and their social media pages, but I did not find a special event that could cause the surge. However, I can see 3 possible reasons cooperating together:
1- STORJ had a major restructuring lately
They have announced it on their blog. You can read more about it here: Updates to Storj leadership. STORJ has accomplished so many milestones, and a restructure was in order for a major expansion.
2- The STORJ + FileZilla Agreement
This was a very big news for STORJ. Through this integration, STORJ will be exposed to millions of FileZilla users. Moreover, FileZilla will provide a great UI for STORJ
3- The FileCoin ICO
The [FileCoin ICO] is launching today. It is attracting attention to the whole sector of distributed storage. So, maybe some smart investors thought that if Filecoin can rais tens of millions while its service is not running yet, then STORJ deserves a much higher price.