Story (IP) Surges Despite Broader Crypto Market Swoon – How High Can It Go in 2025?
It’s been a rough few weeks in the crypto market, with Bitcoin (BTC) recently breaking out to fresh multi-month lows in the $80,000s, although there is one major bright spot in the market right now – Story (IP).
The Story price was last around $6.70, up well around 2.5x versus its launch price of $2.89 across various exchanges on the 13th of February.
Traders who bought into Story’s post-launch price dip to the $1.30s could have been up as much as 6x when IP was scaling highs around $8.0 per token.
Story is an innovative new layer-1 blockchain focused on revolutionizing the intellectual property market by bringing it on-chain.
Per CoinMarketCap, its market cap was last around $1.68 billion, though is above $6.7 billion on a fully diluted basis.
Its early price action suggests that IP already carries a lot of resilience and momentum. Its initial post-launch price dip was likely a result of airdrop recipients cashing in.
Its impressive rebound since then suggests that the week hands/tourists have been washed from the market.
Of course, the broader crypto market’s struggles suggest that risk of a price correction for Story (IP) is high.
However, a recent improvement in global liquidity conditions suggests the worst of the latest slip-up for the broader crypto market could be over.
So, even with Story trading close to record valuations, is now a good time to buy?
How High Can Story Pump in 2025?
Story could go down as one of 2025’s biggest crypto launches. The project landed $134 million in VC investment from firms including a16z.
And its ecosystem is one of the fastest growing in the space, with dozens of protocols already live on its main net, and dozens more in the pipeline.
And smart money is paying attention to the blockchain’s early success. One of the most popular AI agents on X right now aixbt has been signing the protocols praises.
In a recent tweet, aixbt outlines Story’s early success.
Its remarkable strength, despite a broader crypto market swoon, suggests it could be setting up for a major rally when the market recovers.
If Story can continue to build on its early traction, emulating the likes of Sui in late-2024, it could see a massive pump from its current valuations, potentially of as much as 5x to over $10 billion in market cap.
That would imply a token price in the $30 region. But watching the on-chain metrics will be crucial.
Further rapid valuation expansion will only occur if real things are happening on-chain, with IP unlikely to be able to pump much further on hype alone.
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