In the recent past, Filecoin (FIL) has been exhibiting both bearish and bullish trends amid fluctuations in the wider cryptocurrency market. Despite a volatile crypto market, FIL has defied this weakness and shown positive growth, touching a year-high of 70%. Some of the factors propelling this increment include listing on major South Korean exchanges such as Upbit. This has resulted in increased trading volumes and price spikes of FIL coin up to 30%. In addition, industry expert analysis predicts a potential reach of $100 for FIL coin.
However, simultaneous selling pressures have been noted which impacted FIL's price negatively. Despite that, Filecoin demonstrated strong bullish momentum and resilient recovery. Furthermore, FIL has shown significant resistance at various levels contributing to it becoming one of the widely chosen alts for investment purpose. Accusations of a pyramid scheme in China that led to several charges also cast a cloud over Filecoin's prosperity in the market. In future news, Filecoin plans to collaborate with Solana on decentralizing storage, a factor that could potentially escalate FIL's price.
FIL Coin News Analytics from Wed, 13 Dec 2017 20:48:21 GMT to Wed, 26 Nov 2025 13:43:29 GMT - Rating 5 - Innovation 6 - Information 8 - Rumor -4