Filecoin (FIL) is taking the spotlight in the crypto market, and humming with activity. Both analysts and investors are attentively observing the digital asset; many of them project a rapid increase in the not too distant future. Related Reading A convergence of events drives this hope. One such indicator is the TD Sequential, a technical…
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…
While some consider the altcoins season may never come, others believe the altcoin market has changed, suggesting that a different version of the highly anticipated rally is in its early stages. Related Reading ‘Inverted Altcoin Season’ Just Begun On Friday, the market recovered 15% from its multi-year lows, with most cryptocurrencies bouncing in the short-term…
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…
Filecoin dropped ahead of hitting its previous record high, near $273.57, prompted by profit-taking among traders. FIL Market Outlook The FIL/USD exchange rate slipped closed Thursday down 2.82 percent despite logging its second-best historic level of $239.94 in the same session. Traders started securing their profits at the local top amid falling bids, leading to…
Popular analyst Javon Marks projects a significant 44X increase in Filecoin (FIL), therefore transforming the token from its present value of $4.40 to $190. Related Reading This daring prognosis that he calls an “uphill run” has attracted the interest of the bitcoin community. Based on careful technical study and a hopeful perspective of the future…
The bearish onslaught has taken a toll on the price of Filecoin, which slipped below the $6 mark, and the bears now have a strong foothold. On the one-day chart, Filecoin is showing consolidation with a loss of 1.1%. Over the last week, the coin has depreciated by nearly 17%. The technical outlook for Filecoin…
Coinbase is giving Filecoin traders a new way to take risk. By adding margin support for FIL, the exchange is not just listing another feature. It is expanding how one of crypto’s older infrastructure tokens can be traded on a major US-facing platform. That matters because Filecoin has often sat in an awkward place. The…
Although the broader market is experiencing a strong start this year, Filecoin has opened the year at a snail’s pace. According to Coingecko, the token is up over 4% in the past 24 hours. However, the week started with FIL bleeding nearly 27%. With investors uninspired by the ongoing broader market rally, FIL might be…
Over the last day, Filecoin (FIL) has seemingly emerged from the shadows to stage a price recovery of over 10%. This notable move has brought more attention to the altcoin, which had previously failed to follow the general crypto market recovery. On the back of this, one crypto analyst predicts big things for the altcoin,…