Hello dear traders,
At the time of charting FIL the price is trading at 6.218, and has broken with strong volume above the rising wedge in the 12HT as seen below.
Here are some key fundamentals about FIL:
Overall, Filecoin is a promising project with a strong focus on decentralized storage and data security. Its growing adoption and partnerships, along with its recent updates, make it an interesting cryptocurrency to watch in the coming years.
Recent Updates: Filecoin recently launched its mainnet in October 2020, and since then, it has made several updates to its protocol to improve its efficiency and security. In February 2023, Filecoin announced the release of its latest update, codenamed "Hydra", which includes improvements to its storage and retrieval markets, as well as
Market Cap: As of March 5th, 2023, the market capitalization of FIL is approximately $9.32 billion USD, making it one of the top 20 cryptocurrencies by market cap.
Partnerships: Filecoin has formed partnerships with various companies and organizations, including Protocol Labs, the InterPlanetary File System (IPFS), and the Ethereum Foundation, among others. These partnerships are aimed at improving the functionality and accessibility of the Filecoin network.
Adoption: Filecoin has seen growing adoption in the decentralized storage space, with a number of startups and businesses using its network for their storage needs. In addition, several decentralized applications (dApps) have been built on top of the Filecoin network, including NFT marketplaces, gaming platforms, and social media platforms.
We shall follow up further on FIL as price and time unfolds directions,
till then trade well my friends Stay safu and let that sink in.
At the time of charting FIL the price is trading at 6.218, and has broken with strong volume above the rising wedge in the 12HT as seen below.
Here are some key fundamentals about FIL:
Overall, Filecoin is a promising project with a strong focus on decentralized storage and data security. Its growing adoption and partnerships, along with its recent updates, make it an interesting cryptocurrency to watch in the coming years.
Recent Updates: Filecoin recently launched its mainnet in October 2020, and since then, it has made several updates to its protocol to improve its efficiency and security. In February 2023, Filecoin announced the release of its latest update, codenamed "Hydra", which includes improvements to its storage and retrieval markets, as well as
Market Cap: As of March 5th, 2023, the market capitalization of FIL is approximately $9.32 billion USD, making it one of the top 20 cryptocurrencies by market cap.
Partnerships: Filecoin has formed partnerships with various companies and organizations, including Protocol Labs, the InterPlanetary File System (IPFS), and the Ethereum Foundation, among others. These partnerships are aimed at improving the functionality and accessibility of the Filecoin network.
Adoption: Filecoin has seen growing adoption in the decentralized storage space, with a number of startups and businesses using its network for their storage needs. In addition, several decentralized applications (dApps) have been built on top of the Filecoin network, including NFT marketplaces, gaming platforms, and social media platforms.
We shall follow up further on FIL as price and time unfolds directions,
till then trade well my friends Stay safu and let that sink in.
Comment:
FIL its the same idea as above on 4h TF
As we see price broke above the rising wedge and is now resting on the below trend line. If BTC's price falls further down we could see a drop in FIL at the below Green Box as target 🟢
Once price action moves above the yellow key levee area we could see strong movement upwards.
Not a Financial Advice, Always DYOR ✔️
Stay Safu and let that sink in.