Why Has the Price of Story’s [IP] Increased by 36% Today Despite Low Network Revenue?

On January 13th, Story [IP] experienced a remarkable surge of 36%, largely due to a market-wide rally following encouraging inflation data that boosted Bitcoin's value. Although this growth has led to an impressive accumulation of nearly 100% over the week, it raises questions about the underlying network activity, which remains disappointingly low.

Key Takeaways

Story [IP] saw a daily increase of 36% on January 13, driven by a broader market rally post soft inflation data improving investor sentiment.
The altcoin has nearly doubled from $2 to $4 since January 11, but it retreated slightly to $3.89 at the latest update.
A critical resistance level lies between $5 and $6, crucial for further recovery.
Despite the price surge, the network revenue has drastically declined, indicating low user engagement.

Story IP

Recent Price Movements

On January 13th, Story [IP] surged by an impressive 36% in a single day, coinciding with a general market rally following positive inflation data that provided a boost to Bitcoin [BTC]. This significant price increase has allowed Story [IP] to recover nearly 100% over the week. The altcoin began its recovery journey on January 11, jumping from $2 to $4. However, as of the latest update, the price has slightly decreased to $3.89.

Story IP Chart

Source: Story IP/USDT, TradingView

The current recovery kicked off with support from the 50-day Moving Average (MA), which acted dynamically. The immediate price targets appear to be between the $5 and $6 range, which are key for continuing the recovery trend. If it fails to cross this mark, a consolidation or cooldown phase could follow. Additionally, the Relative Strength Index (RSI) has broken past 87 on the charts, indicating strong buying momentum, but also suggests a risk of reversal based on previous trends observed in August and September.

What’s Behind the Surge in Story IP’s Price?

The remarkable rebound in Story [IP] has been attributed to a surge in demand across spot markets, as indicated by data from CryptoQuant.

CryptoQuant Data

Source: CryptoQuant

It’s important to note that the rise in Bitcoin’s value following positive Consumer Price Index (CPI) data has shifted market sentiment from fear to a more neutral standpoint. If market conditions remain favorable in the coming days, Story [IP] might enter another recovery phase above the $6 price point. A significant factor influencing this bullish sentiment is the upcoming network upgrade, which aims to enhance the IP rights of creators on the blockchain.

Upcoming Upgrade

Source: X

Network Activity Remains Dismal Despite Upcoming Upgrade

This network upgrade is scheduled for January 14 at 23:30 UTC, during which all on-chain transactions will temporarily halt. Major exchanges like OKX, HTX, and Upbit will suspend deposits and withdrawals of Story [IP] to safeguard user funds during the upgrading process. This upgrade, termed Yusanari, aims to incorporate the Ethereum Fusaka upgrade features into the protocol.

Despite the price surge, the protocol's overall traction appears to be weak. Data from DeFiLlama indicates that the protocol’s monthly revenue dramatically declined from $94,000 in September 2025 to merely $323 in December. Thus far in 2026, it has generated only $152—substantially lower compared to other protocols, highlighting a lack of network engagement.

DeFiLlama Data

Source: DeFiLlama

Conclusion

While Story [IP] has shown an impressive price rally fueled by favorable market conditions and a planned network upgrade, its low revenue and network activity reflect some underlying challenges. Future price movements will depend heavily on both market sentiment and the successful implementation of the upcoming upgrade.