Filecoin

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A top Ethereum (ETH) rival is rallying out of a dip ahead of a highly anticipated network upgrade launching tomorrow.
Peer-to-peer decentralized storage network Filecoin (FIL) is worth $6.22 at time of writing, up 27.5% in the last 24 hours.

Last month, Filecoin announced the launch date of a major network upgrade called the Filecoin Virtual Machine (FVM). The FVM aims to introduce smart contracts and allow developers to create crypto apps. The project says that multiple new cases will arrive to the network, including tokenized datasets, trustless reputation systems and replication workers.
“Did you hear? The Filecoin EVM (FEVM) launch is closer than you think.
After the completion of the calibrationnet upgrade earlier today, FEVM is on track to bring smart contracts & user programmability to Filecoin mainnet on March 14th, 2023!”
Source: Filecoin/Twitter
Once Filecoin’s virtual machine upgrade is complete, the network will be a fully-formed layer-1 blockchain, like Ethereum.
Yesterday, the world’s largest crypto exchange by trading volume, Binance, announced it would support the network upgrade.
Filecoin launched in October of 2020 and is backed by a number of large crypto venture firms, including Winklevoss Capital, Sequoia Capital, Andreessen Horowitz and Union Square Ventures.
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Featured Image: Shutterstock/Tithi Luadthong/Alex_Bond
The post Ethereum Rival Explodes 26% Ahead of New Network Upgrade appeared first on The Daily Hodl.


A top Ethereum (ETH) rival is rallying out of a dip ahead of a highly anticipated network upgrade launching tomorrow. Peer-to-peer decentralized storage network Filecoin (FIL) is worth $6.22 at time of writing, up 27.5% in the last 24 hours. Last month, Filecoin announced the launch date of a maj...

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Ethereum Rival Explodes 26% Ahead of New Network Upgrade

Two Ethereum (ETH) rivals are skyrocketing this week, far outpacing both Bitcoin (BTC) and the crypto markets in general.
Filecoin (FIL) and Conflux (CFX) have risen 93% and 45% respectively during the last seven days, continuing the defy crypto market trends.

Last week, the development team behind Conflux, China’s sole regulatory-compliant blockchain, announced a partnership with China Telecom, one of the biggest wireless carriers in the nation.
Conflux said the goal of the partnership was to become a bridge between Western and Asian markets.
News of the collaboration sparked a rally, as the token went from $0.055 to $0.095 in under a day, a 73% rise. CFX finished the week moving for $13.30 but has continued to carry over the momentum it gathered last week, trading for $0.26 at time of writing, a 93% increase.
Earlier this week, decentralized storage platform Filecoin announced that it would be adding smart contracts to its protocol, as well as including support for the Ethereum Virtual Machine (EVM).
At the time, news of the upgrade sent FIL skyrocketing, defying the broader crypto markets. The token rose 62% to $8.24 in just a week but has since retraced and is changing hands for $7.39, still a 45% increase.
Filecoin, which is backed by prominent investors such as the Winklevoss twins and asset management titan Andreessen Horowitz, plans to fully launch smart contract capability by March 14th and it is expected for the protocol to transform into a complete layer-1 blockchain once it does.
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Featured Image: Shutterstock/Lyudmyla Ishchenko/S-Design1689/Sensvector
The post Two Ethereum Rivals Soar 93% and 45% in Just One Week, Far Outpacing Bitcoin and Crypto Markets appeared first on The Daily Hodl.


Two Ethereum (ETH) rivals are skyrocketing this week, far outpacing both Bitcoin (BTC) and the crypto markets in general. Filecoin (FIL) and Conflux (CFX) have risen 93% and 45% respectively during the last seven days, continuing the defy crypto market trends. Last week, the development team behi...

Two Ethereum Rivals Soar 93% and 45% in Just One Week, Far Outpacing Bitcoin and Crypto Markets

A crypto project that’s expanding its capabilities to include smart contracts and Ethereum Virtual Machine (EVM) compatibility is defying this week’s market pullback.
The decentralized storage platform Filecoin (FIL) is up 5.1% in the last 24 hours, at $8.24.

The altcoin has ignored this week’s macro economic fear and Bitcoin’s retracement, with a seismic 62% rally in the last seven days.
Today’s rally is fueled by an announcement on exactly when Filecoin’s big upgrade will happen.
On March 14th, Filecoin plans to launch its core protocol that will introduce smart contracts and allow developers to create crypto apps.

Did you hear? The #Filecoin EVM (FEVM) launch is closer than you think ?
After the completion of the calibrationnet upgrade earlier today, FEVM is on track to bring smart contracts & user programmability to Filecoin mainnet on March 14th, 2023! ?
? https://t.co/CMjBDN5Idz pic.twitter.com/AdoblUk19R
— Filecoin (@Filecoin) February 22, 2023

Once Filecoin’s transformation is complete, the network will be a fully-formed layer-1 blockchain.
Filecoin launched in October of 2020 and is backed by a number of large crypto venture firms, including Winklevoss Capita, Sequoia Capital, Andreessen Horowitz and Union Square Ventures.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Fast-Rising Ethereum Rival Defies Bitcoin and Crypto Dip, Jumps 62% in One Week appeared first on The Daily Hodl.


A crypto project that&#8217;s expanding its capabilities to include smart contracts and Ethereum Virtual Machine (EVM) compatibility is defying this week&#8217;s market pullback. The decentralized storage platform Filecoin (FIL) is up 5.1% in the last 24 hours, at $8.24. The altcoin has ignored t...

Fast-Rising Ethereum Rival Defies Bitcoin and Crypto Dip, Jumps 62% in One Week

A popular crypto trader says metaverse-focused token Decentraland (MANA) and two other altcoins are gearing up for a burst to the upside.
Pseudonymous analyst Cantering Clark tells his 160,400 Twitter followers that MANA may be following in the footsteps of Filecoin (FIL), a peer-to-peer decentralized storage network that erupted over 62% last week.

“There are still some alts that are holding key levels that I wouldn’t write off just yet, MANA being one of them.” 
Source: Cantering Clark/Twitter
At time of writing, MANA, an Ethereum (ETH)-based altcoin, is trading for $0.717, down almost 2% on the day.
Next up, the crypto strategist says he’s accumulating Hooked Protocol (HOOK), a gamified social learning platform that aims to accelerate web3 adoption. According to Cantering Clark, HOOK could be setting up for a rally toward its recent high at around $4.
“Added more to HOOK here.
Return to the high at a minimum seems reasonable.
-New coin
-No blow off yet that normally leads to re-accumulation for new pairs.
-Technicals look good.” 
Source: Cantering Clark/Twitter
At time of writing, HOOK is worth $2.86, hovering above Clark’s short-term support.
Another altcoin on the trader’s list is DYDX, the governance token of the decentralized exchange dYdX. Cantering Clark says DYDX still looks bullish as it continues to trade above the multi-month resistance at around $2.74.
“DYDX still is holding the topside of a nine-month range, and while chop can be aggressive and painful, I think this still has some gas in it.”
Source: Cantering Clark/Twitter
At time of writing, DYDX is trading for $2.99, down over 4% on the day.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Dk008
The post Rallies Incoming for Ethereum Metaverse Project and Two Additional Crypto Assets, According to Analyst appeared first on The Daily Hodl.


A popular crypto trader says metaverse-focused token Decentraland (MANA) and two other altcoins are gearing up for a burst to the upside. Pseudonymous analyst Cantering Clark tells his 160,400 Twitter followers that MANA may be following in the footsteps of Filecoin (FIL), a peer-to-peer decentra...

Rallies Incoming for Ethereum Metaverse Project and Two Additional Crypto Assets, According to Analyst

Bitcoin tried its hand at overtaking $25,000 once again in the past 24 hours but was stopped in its tracks and is back down to $24,500 as of now.
Most alternative coins have calmed following the recent enhanced volatility, aside from Filecoin, which has produced yet another double-digit price surge.
Bitcoin Fails at $25K
Bitcoin went through a highly-volatile trading week, having surged past $25,000 for the first time since August last year and then dumping by roughly $2,000 hours later.
The bulls stepped up on the gas pedal in the following day or two, pushing the asset to just over $25,000 once again. However, that was short-lived, and BTC retraced back down below that line.
The asset remained calm at around $24,500 on Saturday and initiated another leg up toward $25,000 later on the day but failed once more.
As of now, the cryptocurrency stands at the same familiar ground. Its market capitalization remains calm at $475 billion, and its dominance over the altcoins is still at 42.5%.
BTCUSD. Source: TradingView
FIL Keeps Going Up
Although most alternative coins were highly volatile during the week, the past seven days belong to Filecoin. FIL registered three consecutive days of double-digit price increases, with the past 24 hours bringing another 18% surge. Overall, the asset is up by more than 70% for the same timeframe.
Chainlink, HBAR, VET, and GRT are the other notable gainers from the larger-cap alts, all of which have increased by around 7% in a day.
The top 10 altcoins are a lot calmer today. Ethereum, Binance Coin, Ripple, Polygon, OKB, and Shiba Inu are with minor price declines, while Cardano, Dogecoin, Polkadot, and Solana have charted insignificant gains.
The cumulative market capitalization of all cryptocurrency assets has remained relatively calm at just over $1.1 trillion on CMC.
Cryptocurrency Market Overview. Source: Quantify Crypto
The post Filecoin Up 70% Weekly, Bitcoin Rejected at $25K: Market Watch appeared first on CryptoPotato.

Filecoin is this week's top performer from the larger-cap alts, having surged over 70%.

Filecoin price	$5.34
Low - High 24H	$5.24 - $5.72
Market cap	$2.19B
Volume 24H	$193.63M
All time high	$236.84 -97.75% April 1st 2021
All time low	$2.64 102.18% December 16th 2022
Genesis date	N/A

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