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Top 3 Storage Tokens Below $60M Market To Watch In January 2023

Will Izuchukwu by Will Izuchukwu
January 25, 2023
in Featured
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Simply put, storage coins are digital currencies that run on native blockchains rather than through programs created on top of a blockchain. Storage Tokens have a total market capitalization of $3,840,094,078 and a total trading volume of $423,478,091 in the last 24 hours.

Note: This List is sorted by their market capitalization from lowest to highest

Swarm (BZZ)

  • Price Unit: $0.4494
  • Market Cap: $21,673,778
  • Distinct Features: Swarm wants to build an independent, unstoppable system for information storage for a digital self-sovereign society by working with the web3 community.

Swarm is an independent digital society’s decentralized storage and communication technology. The system has an incentive mechanism built in that is enforced using smart contracts on the Ethereum blockchain, making it economically self-sustaining.

According to the fair data principles, users continue to be the exclusive proprietors of their personal data. Due to the architecture, a zero-downtime service is possible and the system is resistant to connectivity problems, node churn, or targeted DDOS attacks.

In the long run, Swarm wants to power a newly decentralized internet as its operating system. It gives a data supply chain economy a scalable and self-sustaining foundation.

Exchange: $BZZ is currently trading live on OKX, CoinW, DigiFinex, Hotcoin Global, and Gate.io.

Akash Network (AKT)

  • Price Unit: $0.2227
  • Market Cap: $25,361,945
  • Distinct Features: Akash provides an unlimited storage mechanism that keeps your data safe even when you restart. Large dataset databases and software benefit greatly from this.

An open network called Akash enables users to securely and effectively buy and sell computing resources.

You can control who owns your cloud with Akash. You can set up your own cloud infrastructure and market whatever extra cloud resources you have to other users. Additionally, you can purchase cloud resources from third parties and utilize them to execute your applications.

It is simple to scale quickly and access services all across the world because of the open supercloud network known as Akash. Your identity is safeguarded by the Akash protocol, which offers a high level of security and anonymity. It enables anonymous application deployment so that no one can identify you.

Exchange: $AKT is currently trading live on KuCoin, Gate.io, Huobi, Kraken, and Crypto.com Exchange.

Augur (REP)

  • Price Unit: $5.36
  • Market Cap: $59,237,436
  • Distinct Features: Using the Augur oracle, data may be transferred directly from the real world to a blockchain without the need for a third party or middleman.

For prediction markets, Augur is a decentralized oracle and peer-to-peer protocol.

The program Augur is free, open source, and distributed under the General Public License (GPL) and the Massachusetts Institute of Technology (MIT) licenses, respectively. Solidity-based smart contracts known as Augur can be installed on the Ethereum blockchain.

The oracle problem, which software engineers are currently grappling with as they strive to create useful applications for blockchain technology, notably smart contracts, is the focus of the Augur Protocol. A predictive market protocol is used by Augur, a trustless, decentralized peer-to-peer oracle.

Exchange: $REP is currently trading live on Binance, Bitget, OKX, Bitrue, and CoinW.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.

Image Source: grispb/123RF // Image Effects by Colorcinch

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