Why Is Story IP Skyrocketing? (Spoiler: It’s Not What You Think!)

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Story [IP] danced a wild jig, leaping 36% on the 13th of January, as the market, ever the fickle lover, embraced a softer inflation data like a long-lost friend. 📈 Bitcoin [BTC] joined the party, and suddenly, the altcoin was the star of the show. 🌟

This upswing? A 100% weekly recovery, a phoenix rising from the ashes of despair. Since its second leg of recovery began on the 11th, the altcoin doubled in value, from $2 to $4. A tale of two dollars, if you will. 💸

But alas, at press time, IP had slinked back to $3.89, like a shy kitten retreating from the spotlight. 🐱

The latest recovery leg began at the 50-day MA, a ghostly white line, whispering promises of a golden ratio (61.8% – 50% Fib levels). But crossing $5-$6? A gamble as risky as a tightrope walk over a pit of snakes. 🐍

The RSI, that overzealous partygoer, broke above 87, shouting, “Buy, buy, buy!” But beware, for overbought levels are like a drunk man at a bar-ready to stumble into a fight. 🥊

What triggered Story IP’s rally?

The explosive recovery? A symphony of spot market demand, according to CryptoQuant data. A crowd of buyers, all dancing to the same tune. 🎶

And let’s not forget the Bitcoin surge, which turned market sentiment from “fear” to “neutral” like a magician pulling a rabbit from a hat. 🎩🐇 If the macro landscape continues to play nice, IP could hit $6. A dream, perhaps, but dreams are free. 💤

Most importantly, the protocol upgrade? A shiny new toy for creators, letting them flex their IP rights on-chain. A step forward, or a step into the unknown? 🤷‍♂️

Network activity muted despite upgrade support

The upgrade, called Yusanari, aims to bring Ethereum Fusaka features to the protocol. A grand plan, but the network? As quiet as a mouse in a library. 📚

Despite the price rally, the protocol’s traction? A yawn. DeFiLlama data shows monthly revenue plummeted from $94k in September 2025 to a measly $323 in December. A tale of two numbers. 🧠

So far in 2026, it’s made $152. A drop in the ocean, or a pebble in the stream? 🌊

Final Thoughts

  • Story IP token blasted 36%, extending weekly recovery to 100% thanks to macro and protocol-related catalysts. 🚀
  • However, the network activity didn’t match the explosive price rally, suggesting a mismatch between market and fundamentals. 🤯

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2026-01-14 18:19