Will Story Crypto Continue Its Surge After Over 100% Growth in July?

Story crypto skyrockets over 100% in July, will it see more upside ahead?

The native token of the Story Protocol, IP, experienced a remarkable increase of over 100% in July. This growth is attributed to the expanding ecosystem, increased utility, and renewed interest from investors in tokenized intellectual property infrastructure. As the token continues its upward trajectory, many are left wondering if this momentum will persist.

Key Takeaways

Story Protocol's native token, IP, surged over 100% in July amid ecosystem expansion and increased user activity.
As of August 1, IP was trading at $5.95 with a market cap of approximately $1.75 billion.
The protocol boasts over 1.7 million IP-related transactions and supports more than 200,000 monthly active users.
Notable funding for Poseidon, a decentralized AI project linked to Story, signals institutional interest in the blockchain.
Technical indicators suggest a potential breakout with a target price of $9.20 as the market remains bullish.

Understanding the Surge of Story Protocol's IP Token

The IP token, associated with the Story Protocol, saw a significant price increase of more than 100% in July. This surge is primarily fueled by rapid growth within its ecosystem, increased utility in the real world, and a reboot of investor interest focusing on tokenized intellectual property infrastructures.

As reported by crypto.news, IP was trading at $5.95 on August 1, with a market capitalization of about $1.75 billion. The token's price has risen over 105% from its lowest point in July and nearly 140% from its year-to-date low, making it one of the top performers among mid-cap altcoins.

A vital aspect of IP’s rally stems from increased user engagement and adoption. The Story Protocol has handled over 1.7 million on-chain IP-related transactions and currently supports more than 200,000 users each month. These transactions range from content creators tagging their likeness in videos to AI developers acquiring compliant training data.

Furthermore, Poseidon, a decentralized AI data pipeline developed by Story, has attracted interest from institutional investors. In late July, this project secured $15 million in a seed funding round led by a16z Crypto. The aim is to tokenize real-world data, including inputs for surgical robotics and datasets for autonomous vehicles, as IP assets on the Story blockchain. This development broadens the protocol's use beyond creative licenses and into AI infrastructure.

To clarify for those unfamiliar, the Story Protocol is an EVM-compatible Layer-1 blockchain specifically built for on-chain intellectual property, ranging from creative assets to real-world data. Officially launched on February 13, 2025, it features “IP Legos”—NFT-based on-chain IP assets, and offers programmable licensing and royalty modules along with a global registry for provenance that supports remix-friendly attribution and monetization.

Since its launch, Story has facilitated the tokenization of renowned music intellectual property, including popular songs like Justin Bieber’s “Peaches,” Miley Cyrus & Dua Lipa’s “Prisoner,” Maroon 5’s “Nobody’s Love,” Katy Perry’s “Daisies,” and select tracks from BLACKPINK. These have been transformed into digital assets capable of generating fractional royalties through smart contracts.

Recent advancements have elevated Story Protocol as one of the leading altcoins this season, buoyed by strong narratives and real-world traction. Key developments include:

On daily charts, IP has been trading in an ascending wedge pattern since it broke out of its accumulation phase between late June and early July. This pattern indicates that prices are making higher highs and higher lows, often signaling an upcoming breakout or reversal.
The token is currently above its 20-day, 50-day, and 200-day moving averages, indicating strong bullish sentiment. This suggests that both short-term and long-term traders back the uptrend, so the momentum could continue.
Additionally, the Average Directional Index has climbed to 63, significantly above the critical level of 25. Readings over 25 indicate a strong trend, while those over 50 suggest very robust directional momentum, currently favoring the bulls.
Momentum indicators like the MACD are also trending upward, as the signal and MACD lines maintain a positive crossover, and growing green histogram bars further indicate that buyers remain in control.

Thus, a confirmed breakout from the wedge’s upper trendline at $6.63—a resistance level that has previously halted price movements multiple times—could lead to a sharp upward shift. Extended Fibonacci retracement levels suggest a significant target at $9.20, representing almost a 55% increase from the current price.

While the strong rally in July and a potentially overbought RSI might lead to short-term profit-taking or localized corrections, the protocol's increasing utility, institutional alignment, and community-driven innovations provide a solid foundation for lasting growth this bullish season.