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On January 22, it was reported that the Greenlandic government released a handbook on January 21, advising residents to prepare five days worth of essential supplies, including 3 liters of drinking water per person per day, enough food for five days, and toilet paper. Greenlandic government official Peter Borg stated at a press conference that the advice was not intended to create insecurity, "We released this handbook to enhance public safety. This preparation is not unfounded worry, but rather a precautionary measure."Jeff Bezos Blue Origin announced that it will build a communications satellite network called "Terawave," consisting of 5,408 satellites, primarily serving enterprise, data center, and government users. Deployment is expected to begin at the end of 2027.On January 22, Japans ruling Liberal Democratic Party (LDP) announced its campaign promises for the House of Representatives election on January 21, which included revising the "Three Security Documents," easing restrictions on arms exports, and amending the constitution. The LDPs campaign promises revolve around five areas: economy, local affairs, foreign affairs and security, social security, and constitutional amendment. Regarding foreign affairs and security, the promises include revising the "Three Security Documents," including the National Security Strategy; removing restrictions on five types of arms exports; and establishing a National Intelligence Agency and a foreign intelligence agency.German Chancellor Merz has arrived in Davos to attend the World Economic Forum.Microsoft: We have received reports and are investigating an issue affecting Microsoft 365, including Teams and Outlook.

Crypto Cloud Storage STORJ Leads Rally by 55% As ETH, BTC Consolidate

Jimmy Khan

Jun 24, 2022 14:48

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The top cryptocurrencies were anticipated to be driving the rise when the cryptocurrency market passed the $900 billion threshold today.


Storj managed to seize dominance, overtaking every other significant cryptocurrency with its ascent despite the fact that it turned out to be a relatively unknown coin.

Storj?

Indeed, Storj. The asset is, as it sounds, the native token of a cloud storage platform supported by cryptocurrencies, which until today was merely another coin.


However, the altcoin's one-day increase of 55.08 percent succeeded to place it on the map both literally and figuratively, as it joined the top 100 cryptocurrencies list.


Due to the price increase, the asset's market value increased by approximately $100 million during the course of the previous day. This increased the asset's overall growth over the preceding nine days to a total of 156.7 percent.


More than half of the losses that the cryptocurrency sustained during the May 65 percent fall were also nullified by this rebound in addition to the losses registered by the altcoin this month during the June 9 crash.


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The green candle, which closed above both the 100-day SMA and the 50-day Simple Moving Average (red line), insured that the gain was sustained (blue line). The 200-day SMA (purple line), which would effectively transform this into a bullish run, is also getting closer.


Additionally, after more than two months, the Awesome Oscillator switched the active trend's direction from bearish to bullish, with the green bars climbing above the neutral.


Now, it has to be seen if the asset will be able to sustain this growth moving forward or if it will just be another one-day wonder.

Ethereum and Bitcoin Take a Break

The king currencies have been moving slowly, essentially not at all, as the altcoins have taken the lead.

BTC has made little progress at all during the past week, hovering around the $20k to $21k level, whereas ETH recently broke the $1.1k threshold.


However, Bitcoin's recovery has been so sluggish that the king currency has not yet reached the upswing stage that every other altcoin is presently in.


Additionally, the Relative Strength Index (RSI), which has been signaling a trend reversal for more than two months, shows that BTC is still trapped in the negative zone.


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