Filecoin gains 40% in 48 hours: What's driving the massive FIL price rally?
FIL, the native token of the Filecoin ecosystem, rallied by 40% in the past two days, catalyzed by two likely factors. The price of Filecoin (FIL) has rallied by more than 40% in the past 48 hours, spiking from $53.538 to as high as $75 across major exchanges, reaching its highest point since October 2020.FIL is now the 22nd largest cryptocurrency with a market cap of over $4 billion. However, its circulating supply is 58 million, or just 3% out of a maximum total of two billion.There are two possible reasons behind its uptrend, namely its fundamentals such as the growth of its storage....
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Filecoin (FIL) started a strong rally above the $60.00 and $65.00 resistance levels. The price is currently correcting lower, but there is a strong support near the $60.00 level. Filecoin price climbed sharply from the $52.00 support and surged over 50% against the US dollar. The price tested the $75.00 resistance and recently started a […]
Filecoin has surged seriously higher over the past few days even while Bitcoin has stalled in the $13,000 range. The price of the leading altcoin recently passed above $35, the highs of the past five days. In the past 24 hours alone, FIL has gained 32.2% against the U.S. dollar per data from CoinGecko. Analysts […]
After a week of significant gains, Filecoin (FIL) is shaping up to become one of the biggest earning cryptocurrencies of the month. Journalist Colin Wu has recorded increasing interest in the cryptocurrency and its file-sharing platform: Filecoin surpassed $100, benefiting a large number of Chinese miners and investors. Reasons: the first investor token will be […]
An altcoin called Filecoin has just escalated its ranks after logging a gravity-defying price rally that beats even its top rival Bitcoin's uptrend.
Filecoin has been recording gains even amid the retracement that has been happening in the market. The token has not only been one of the few to be in the green over the past day, but it has also seen double-digit growth during this time. This raises the question of why a token that usually […]