Last updated:
Author
Simon Chandler
Author
Simon Chandler
Share
Why Trust Cryptonews
Story Coin (IP) has risen by 2.5% in the past 24 hours, with its move to $5.47 coming as the crypto market as a whole barely moves today.
IP is down by 4% in a week, but a boasts a 4% gain in a fortnight and an impressive 178% increase in the last 30 days, making it the best-performing top-100 coin in this timeframe.
Having listed only last month, Story Coin still has plenty of potential for additional short- and medium-term gains, with the alt still waiting on listings from Binance and other major exchanges.
And with the token’s fundamentals putting it in a good position to profit from the rise of AI, Story could end up being one of the best new coins of 2025.
Story Coin Posts 2.5% Gain, Leads Top 100 with 178% Return in 30 Days
Story Coin is a new token, so it would be premature to read too much into its chart at this stage, although its indicators are interesting at the moment.
For example, its relative strength index (purple) has risen from just over 30 a couple of days ago to 50 today, a sign that the coin may be preparing for further gains.
On the other hand, its 30-period moving average (orange) remains well above the 200-period average (blue), a sign that Story’s price is still relatively high.
But as mentioned above, the coin listed only a month ago, so it’s hard to gauge just what exactly a fair or average price for it would be.
And one encouraging sign is that, after peaking $7.31 on February 26, the token is down by only 25%.
This is decline is low in comparison to other top-100 coins, which have all suffered since Inauguration Day peaks around January 20 (e.g. Solana is down by 56% on the ATH it set on January 19).
And while Story Coin has lost some momentum in the past couple of weeks, its fundamentals and outlook remain very strong.
It’s still waiting on listings from such major exchanges as Binance, while its network could end up becoming very big in the new AI-powered economy.
That is, its network is a layer-one blockchain which tokenizes intellectual property and content, providing creators with a means of monetizing their work.
This is potentially big in a system where generative AI trains using publicly available data, since it rewards creators for the input their work provides.
Based on this potential, IP – which pays transaction fees and grants governance rights – could return to $6 in the next few weeks, before reaching $7 again by May.
New Altcoins May Bring More Positive Volatility
Some traders may be disappointed that they missed Story Coin’s launch, given that the token is more than 400% up since listing in the first half of February.
However, new tokens launch all the time, and while most are of questionable value, there are some which have more evident potential.
A strong case in point is Best Wallet Token (BEST), a new ERC-20 token which has now raised in excess of $11 million in its increasingly popular presale.
As its name suggests, BEST is the native token of Best Wallet, one of the most popular software wallets in crypto, with over 250,000 monthly active users.
Because BEST will be the utility token of an already popular app, it should attract lots of demand when it launches in the next few weeks.
Holding BEST will provide Best Wallet users with several benefits, including discounts on fees, increased staking yields, and early access to new airdrops and presales.
What’s also bullish is that Best Wallet now has over 60,000 followers on X, with the coin’s community getting stronger all the time.
Investors can buy it early by going to the Best Wallet website and linking their crypto wallet (including Best Wallet itself).
BEST is currently selling at $0.0244, although this price will rise regularly until the sale ends.
