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Filecoin (FIL) – the emerging altcoin is attracting the attention of investors as it makes the list of the top 20 cryptocurrencies by market capitalization, according to Coingecko.
Decentralized hosting project Filecoin (FIL) is one of the prominent names in the Crypto market. The coin has seen a spurt from around $ 21 in December 2020 to an all-time high of $ 139 recorded on March 27, 2021.
Currently, FIL price has a correction, however it remains stable around 125 USD.
Filecoin market cap is already increase about 720% in the same period, from just about $ 1 billion in December last year to a high of $ 7.8 billion today on March 30.
Filecoin price The big boost was thanks to a bunch of good news. The first is the giant Grayscale announcing the launch of a FIL trust and opening the door for institutional investors to exposure to Filecoin.
Then comes a partnership with Chainlink (LINK) to revamp the Filecoin network.
Filecoin’s growth is very sustainable, according to Wu Blockchain, and the FIL price does not appear to have been affected by Bitcoin’s recent drop to $ 51,000.
Filecoin surpassed $ 100, benefiting a large number of Chinese miners and investors. Reasons: the first investor token will be released over, Coinbase launched new storage tokens, the dual mining test of Filecoin and LPT started, the cooperation between Filecoin and LINK, etc. pic.twitter.com/XAaUXiC5bI
– Wu Blockchain (@WuBlockchain) March 26, 2021
Filecoin’s development team seeks to create a more secure data storage ecosystem by leveraging blockchain technology.
Filecoin encourages individuals to join its network by rewarding miners and those who help store data with FIL fees.
Filecoin was launched in October 2020 by Protocol Labs founder Juan Benet. The project is receiving support from the Gemini exchange from its founders Cameron and Tyler Winklevoss.
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