3 Storage Coins Showing Strong Accumulation — Kicking Off a New Capital Rotation Trend
Summary
Following the rally in Privacy Coins, data from early November indicates a shift in investor focus toward decentralized storage tokens, which have shown an average performance of nearly 40% in the first seven days of the month. These projects, which have real-world applications, are attracting attention despite significant prior price declines. Three specific altcoins exhibiting strong accumulation are highlighted: Filecoin (FIL), where whale wallets have increased holdings by over 32% while exchange supply dropped nearly 15%; BitTorrent (BTT), which saw its holder count surge from 91,000 to 341,000 in October/November, alongside increased top wallet accumulation; and Storj (STORJ), which reached a record high of over 103,000 holders and saw a 20% price increase in 24 hours, signaling renewed optimism. Analysts suggest this signals the start of a storage narrative, though a key risk remains that holders stuck at high entry prices might sell if prices recover.
(Source:BeInCrypto)