Decentralized Storage Coins Indicating Bullish Sector Trend

Decentralized storage has gained traction in 2017. Year-to-date its market cap has increased from $90 mil – $397 million (excluding FileCoin). The traditional, centralized cloud storage market is estimated to be $25.17 billion once Q4 numbers are input, according to BusinessWire. On top of that, they project the market to sustain a 29.73% compound annual growth rate through 2022, culminating in a $92.48 billion market. Impressive growth for sure, but in calculating it they forgot to factor in the most crucial catalyst: the disruptive power of blockchain.

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