Filecoin

Get Filecoin (FIL) all time high price, historical charts, latest news and other information.

The organization said that it intends to promote awareness and adoption of decentralized technologies, such as Filecoin, IPFS and Libp2p.

cointelegraph.com

Decentralized Storage Alliance seeks to bridge the Web3 gap through education and advocacy

Regarding blockchain technology, file sharing is a vital aspect of all functionality, and Filecoin is a pioneer in the sector. The distinctive approach for this process is the decentralized nature of maintaining the process. Decentralized file sharing replaces the single-server method by storing data on several nodes or servers in a network.
It then becomes impossible to lose information when a single node shuts down. All information is replicated on all the nodes and is easily accessible from anywhere. This is the category to which Filecoin belongs as a decentralized filesharing protocol in the DeFi space.

Filecoin Disclosed Major Increase In Data Suppliers
In a recent development, Filecoin reports its tremendous achievement in the DeFi ecosystem. The project noted that it has almost increased its data suppliers by seven times since 2022. This remarkable feat comes before its FVM launch, a significant upgrade in 2023.
During its FIL Singapore event, the protocol revealed its latest accomplishment on Monday. In his speech, the co-lead at Protocol Labs, Filecoin development lab, Colin Evran, commented on the protocol’s storage providers.
Evran noted that providers increase gets up to 20% every month. Also, he highlighted that most of the activities are in Hong Kong, Korea, and North America. Finally, the co-lead noted that new developers creating applications on the FIL network are up to 7,000.
Filecoin operates with its native token, FIL, as a crypto asset that allows the buying and selling of computer storage on a system. It facilitates the decentralized storage of files and data on a network.
At the time of writing, the price of FIL is trading around $6.4, showing a 5% growth over the past 24 hours. It boasts a market cap of over $1.6 billion.
Filecoin approaches the $6 mark on the chart l FILUSDT on Tradingview.com
Through its operation, the protocol eliminates using centralized platforms like Amazon Web Services (AWS) for data storage.
Filecoin Plans FVM Launch By Early 2023
Filecoin is celebrating its new achievement ahead of its upcoming upgrade. The protocol is planning to launch its FIL Virtual Machine by the beginning of 2023. This is a virtual computer of a software platform where developers could build dApps based on the Filecoin system.

According to Molly Mackinley, the head of development at Protocol Labs, the firm will release a testnet by November 28. Mackinley noted that prototypes for layer two are already running in their initial testing phases. These chains operate on the main blockchain to enhance the scalability of Filecoin after its upgrade.
Additionally, Juan Benet, the founder of Protocol Labs, reported that about 20,000 customers are using Filecoin. Their recorded storage covers more than 50 million data objects for running dApps.


Featured image from Pixabay, Chart: TradingView.com




Regarding blockchain technology, file sharing is a vital aspect of all functionality, and Filecoin is a pioneer in the sector. The distinctive approach for this process is the decentralized nature of maintaining the process. Decentralized file sharing replaces the single-server method by storing ...

bitcoinist.com

Filecoin Registers Impressive Growth As FVM Launch Approaches

“Filecoin is more than just storage, one can think of it as an Airbnb for cloud services."

More resilient and user-controlled than the AWS: Colin Evran's vision for Filecoin  

It isn’t easy to break free from a bear’s clutch, but Filecoin (FIL) has its ways.

FIL price performing well despite the bearish grip
Price retreats by 8.06%
RSI, CMF showing selling edge and bearish behavior

By putting a stop to the heightened selling activity, FIL was able to bounce back from the $5-mark. With that, the coin was able to make a successful comeback while still somewhat pinned down by the bears.
With FIL going through the motion of its 20/50/200 EMA, it shows a somewhat consistently slow trend or movement that could happen in the next few sessions. Now, if FIL won’t manage to hang on to the $5 baseline, the altcoin may likely be pulled further down.
According to CoinMarketCap, FIL price is trading at $5.70 or showing an 8.06% decline as of this writing.

FIL Bulls Keen To Guard The Baseline
Ever since FIL has capsized to its all-time low registered on June 18, the bulls are keen to guard the $5 baseline. A quick breach that went above $7.35 was definitely a come-on, especially with the bullish momentum but it was good while it lasted.

Chart: TradingView.com
On the flip side, the plunge that shoots under the 20 and 50 EMA has stirred a bullish invalidation seeing that the altcoin seems to facing some difficulty in breaching the five-week resistance zone. A bearish crossover of the above EMAs shows off the selling propensity of Filecoin.
A dull region may be close to FIL’s POC or Point of Control as seen in the $5.6 zone. At this point, the FIL bulls will most likely gather enough strength to test the key resistance.
The recovery efforts by the altcoin might face some challenges in the $6 to $7 range which could be evident in the next sessions.
FIL Resilient Despite Bearish Grip
RSI for Filecoin has shown a selling edge and slipped from its position that sits above the midline. CMF is also showing bearish streaks after it has closed below the zero range.
Additionally, DMI lines were also shooting for a bearish crossover but Filecoin’s ADX continues to show a weak directional trend.
With the breakout seen under the daily 20 and 50 EMAs plus the robustness depicted by the five-week key resistance, sellers could take this as a hint to place recovery barriers in the next sessions.
More so, investors and traders should always take some cue on the BTC and ETH movement and how it impacts FIL and other altcoins as a while before making any move.
FIL has always had an impressive track record. In fact, FIL had a spike of 2.74% seen on September 2 showing that the altcoin can hold its head despite from the bearish grip.


FIL total market cap at $1.4 billion on the daily chart | Source: TradingView.com
Featured image from Invezz, chart from TradingView.com


It isn’t easy to break free from a bear’s clutch, but Filecoin (FIL) has its ways. FIL price performing well despite the bearish grip Price retreats by 8.06% RSI, CMF showing selling edge and bearish behavior By putting a stop to the heightened selling activity, FIL was able to bounce back from t...

Filecoin price	$4.57
Low - High 24H	$4.47 - $4.61
Market cap	$1.51B
Volume 24H	$77.47M
All time high	$236.84 -98.08% April 1st 2021
All time low	$4.06 11.99% November 21st 2022
Genesis date	N/A

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