Key Takeaways

Early November data indicates a strong interest in Storage tokens among investors, following a surge in Privacy Coins.
Filecoin (FIL) leads the storage sector with a significant increase in trading volume and whale accumulation.
BitTorrent (BTT) sees a dramatic rise in holder numbers and declining supply on exchanges, suggesting positive investor sentiment.
Storj maintains a record high in holders and has recently experienced a price increase, making it a promising asset.
The future of Storage Coins is uncertain as many investors may choose to sell if token prices rise significantly.

Key Takeaways

Early November data indicates a strong interest in Storage tokens among investors, following a surge in Privacy Coins.
Filecoin (FIL) leads the storage sector with a significant increase in trading volume and whale accumulation.
BitTorrent (BTT) sees a dramatic rise in holder numbers and declining supply on exchanges, suggesting positive investor sentiment.
Storj maintains a record high in holders and has recently experienced a price increase, making it a promising asset.
The future of Storage Coins is uncertain as many investors may choose to sell if token prices rise significantly.

3 High-Potential Storage Coins Gaining Momentum — Signaling a New Capital Rotation Trend

As the interest in Privacy Coins fades, investors may be turning their attention to Storage tokens. Recent data from early November suggests a growing focus on these assets.

As November begins, traders who missed out on the Privacy Coin surge are now looking to accumulate decentralized storage projects—established tokens that have not yet regained their previous values. Which altcoins are capturing investor interest?

3 Promising Storage Altcoins to Watch in November

Recent data from Artemis indicates that Storage tokens are closing the gap with Privacy Coins, achieving an average performance increase of nearly 40% in the first week of November.

These projects not only have practical applications but also generate revenue from their customers, yet their token prices have experienced significant declines.

“After the boom in Privacy tokens, File Storage tokens are also starting to outperform BTC,” observed the investment platform iWantCoinNews.

In the current market, potential altcoins are those showing signs of accumulation or breaking out of long-term consolidation periods. Below are some noteworthy examples in the decentralized storage sector.

Data from CoinGecko shows that Filecoin (FIL) is at the forefront of the Storage Coin category in early November.

A recent report from BeInCrypto highlights that FIL's trading volume has exceeded $1.4 billion. Additionally, Grayscale has been increasing its FIL holdings this month, suggesting heightened investor interest.

Moreover, data from Nansen reveals that prominent FIL wallets have accumulated over 32% more tokens in the last month, while the available FIL supply on exchanges has decreased by nearly 15%.

These encouraging signs have led analysts to predict that FIL prices may rise further. CryptoBoss anticipates that FIL will surpass $2.5 soon and might even reach $5.

BitTorrent (BTT) is another decentralized data-sharing platform that operates on blockchain technology and utilizes the BitTorrent protocol—one of the oldest and most widely used peer-to-peer file-sharing systems.

BTT is notable for significant changes in its holder count over the course of the fourth quarter. In October, the number of BTT holders was approximately 91,000, but this number shot up to 341,000 by November.

Since June, the BTT supply on exchanges has declined by over 6%, while the largest 100 wallets have increased their holdings by 5.8%.

These statistics indicate that investors are actively accumulating BTT, despite the token’s 50% drop over the past year. If this accumulation trend persists and investor interest in Storage Coins remains robust, BTT may have considerable recovery potential.

Joining Filecoin, Storj is another decentralized storage project recognized in NVIDIA’s report towards the end of last year. Data from Santiment shows that despite STORJ experiencing a prolonged downturn, its holder count has picked up, exceeding 103,000 in November—a new record.

Additionally, STORJ's token price has risen by over 20% in the past 24 hours, indicating renewed investor optimism. Analysts have noted a shift of capital into Storage Coins, positioning STORJ as a potential key beneficiary.

“It’s clear the storage narrative is gaining momentum. First ICP > FIL > AR > Storj. Storj appears to be a top choice among low-cap tokens with high ROI potential,” predicted the investor known as The BitWhale.

The crucial question now is how durable and long-lasting this Storage Coin trend will be. All these projects carry a shared risk—many holders are still trapped at high entry prices from the previous market cycle. If prices recover, these holders may decide to return tokens to exchanges and cash out their investments.