The cryptocurrency market is showing signs of a possible shift in momentum — after a notable wave of interest in privacy coins, investors are now turning their attention to decentralized storage tokens. Data from the first week of November indicate that storage coins may be positioned for a breakout.
The Context: Privacy Coins Twice Over — Now Storage Coins Step In
The recent surge in privacy-coins catalyzed broader investor attention within the altcoin segment. With that momentum now fading, storage coins are stepping into the spotlight. According to market data, in the first seven days of November, storage tokens recorded an average performance near +40 %, almost keeping pace with the privacy segment.
The rationale is straightforward: as one thematic wave (privacy) saturates, capital seeks the next frontier — and storage tokens, long established yet under-valued, may provide that next frontier.
Three Storage Coins to Watch This November
Here are the three projects highlighted for potential upside:
1. Filecoin (FIL)
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Data from CoinGecko shows Filecoin is leading the storage category early in November.
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Trading volume exceeded USD 1.4 billion and institutional accumulation is increasing (for example, Grayscale added to its FIL holdings).
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According to on-chain data from Nansen, major FIL whale addresses increased their holdings by ~32% over the past month, while circulating supply on exchanges dropped ~15%.
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Some analysts forecast FIL could move from around USD 2.50 toward USD 5.00 in the near term.
Why it matters: FIL benefits from high trading volume, active accumulation, and a framework of supply contraction — factors that often precede price upticks.
2. BitTorrent Token (BTT)
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BTT is built on the famed peer-to-peer file-sharing network (the original BitTorrent protocol) and integrates decentralized storage/sharing via blockchain.
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Holder count jumped sharply: from ~91,000 holders in October to 341,000 in November.
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The supply of BTT held on exchanges has dropped >6% since June, and the top 100 wallets increased holdings ~5.8%.
Why it matters: A surge in holders, dropping exchange supply, and increased accumulation all point to renewed investor interest, positioning BTT as a candidate for rebound.
3. Storj (STORJ)
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STORJ is another decentralized storage project, referenced in industry reports, and has been gaining traction.
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According to on-chain data from Santiment, the number of STORJ holders exceeded 103,000 addresses in November, marking an all-time high.
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The token price climbed more than 20% in a single 24-hour period, signaling fresh momentum.
Why it matters: Among smaller-cap storage tokens, STORJ could offer higher upside potential — the accumulation trend is clear and may precede a broader breakout.
Considerations & Risks
While the potential is real, investors must remain aware of the risks:
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Many holders purchased storage tokens at higher prices in earlier cycles; if the price begins to rebound, some may sell, exerting downward pressure.
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The secular strength of the storage token theme is not yet guaranteed: broader crypto-market sentiment, regulatory impacts, and macro conditions can all derail momentum.
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Storage projects inherently compete in a crowded field; sustained value accrual (proven user/revenue growth) will be essential for any token to deliver beyond speculative gains.
Final Thoughts
Given the data, the market appears to be looking for “what’s next” after privacy coins — and storage coins are emerging as the answer. FIL, BTT and STORJ each show signs of accumulation and renewed interest, making them compelling to monitor in November and beyond.
That said, this is not a guaranteed breakout. As with all crypto investing, due diligence is crucial: study tokenomics, project fundamentals, on-chain activity, and overall market context before moving in.
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