Filecoin cryptocurrency soared 6 times — what's going on?
The Filecoin (FIL) cryptocurrency has approached the $140 level in recent days, having risen in price by more than 60% over the past week.
Over the past two months, the token has grown almost six-fold on the back of positive news, repeatedly rewriting historical highs and taking the 16th place in the rating of crypto assets by capitalization.
In addition to saving their savings and a relatively anonymous financial life, cryptocurrency users also need decentralized data storage. The relevance of this task shows the success of the Filecoin project. The primary purpose of the project is to use the excess device space for storing user data, paying them a reward in the form of a FIL token for providing space.
A series of good news began for the project with the announcement of Grayscale. A large fund that manages crypto assets announced the launch of the Filecoin fund on March 17.
On Saturday, March 27, Filecoin announced that the coin can now be mined together with Livepeer. Joint mining is a rare phenomenon in the cryptocurrency world. Of the major projects, only Dogecoin and Livecoin cooperate in this way. The users liked the news.
Chinese crypto journalist Colin Wu noted several other important events. In particular, the expert drew attention to the influx of Chinese miners and users to the project in anticipation of the release of the first investment token.
In addition, the cryptocurrency exchange Coinbase has launched new tokens Ankr and Storj of similar projects of decentralized data storage, and Filecoin and Chainlink (LINK) have announced cooperation.
Filecoin is a relatively young project. The main network was launched on October 15, 2020. According to Filfox, the storage capacity on the platform is already 3.6 billion gigabytes and has 1718 active miners.