Story Protocol’s IP Token Soars 27%, Could it Reclaim Its $9 ATH?

The Story Protocol’s native token, IP, has experienced a remarkable surge of 27.3% over the past 24 hours, leading to its position as the top-performing cryptocurrency within that timeframe. This impressive growth has garnered significant attention from the wider crypto community, sparking curiosity about the token’s potential for future gains. Initially launched on February 13th, IP witnessed a spectacular single-day surge of 1445.45% during its first day, leaving investors captivated by its early performance. Since then, IP’s market value has grown by an impressive 3933.08%, reaching a peak of $9 on February 20th before subsequently declining. Now, the question remains: Will IP reach its historical high of $9 again? Let’s delve into this analysis.