Filecoin (FIL) Continues Recovery, Gains 16% In A Single Day
Filecoin (FIL) made a positive start in July. The cryptocurrency has been experiencing a substantial price increase over the past 24 hours.
Keep up with what's happening in the crypto world in real-time.
Filecoin (FIL) made a positive start in July. The cryptocurrency has been experiencing a substantial price increase over the past 24 hours.
The steep decline in the spot CVD over the past 18 hours suggested that the sellers might be preparing to push the bulls back.
Leading the top gainers tracked by CoinMarketCap, filecoin and the graph have surged in the last 24 hours.
According to CoinMarketCap data, Filecoin and The Graph are among the top gainers among the biggest 100 cryptocurrencies by market capitalization.
GRT has soared the most from the larger-cap alts, adding over 25% of value in a day.
Cryptocurrencies outperformed key financial assets like stocks and commodities in the first half of the year. Bitcoin, the biggest crypto in the world, more than doubled from its lowest point in December. This rebound led to other major gains among other altcoins like Compound (COMP), The Graph (GRT), Litecoin (LTC), Filecoin (FIL), and Maker (MKR).
Here are three cryptos that my be more sells than buys at this current point in the digital asset investing cycle right now.
The cryptocurrency exchange Huobi has announced plans to delist ten trading pairs on Monday. But not just any tokens.
Filecoin Virtual Machine (FVM) is gaining traction among developers a few months after it was unveiled. In a statement, the developers noted that the ecosystem had seen its DeFi ecosystem and the number of smart contracts jump.
Cryptocurrency prices continued roaring back during the weekend as investors continued buying the dip. Bitcoin, the biggest coin in the industry, jumped to a one-year high of over $31,000. In all, the total market cap of all digital currencies jumped above $1.
For investors looking to take a defensive position in these markets, here are three cryptos to sell right now.
Smart contract activities on the Filecoin network have surged following the Filecoin Ethereum Virtual Machine (FEVM) launch in March 2023.
Despite overflowing with cryptocurrencies of all shapes and sizes with various levels of investment potential, the cryptocurrency sector still has some assets that might be a good idea to stay away from, at least for the time being, for one reason or the other.
The higher timeframe charts showed Filecoin bulls were spectacularly unsuccessful at driving significant price rallies since September 2021, and the near-term expectations are also bearish.
These three cryptos could crumble, or at least have further to fall, depending on the fallout from the ongoing SEC lawsuits.
Key Points: Uniswap community is abuzz with excitement as they conduct a temperature check vote in overwhelming support of the proposal to deploy Uniswap V3 to the Filecoin Virtual Machine (FVM). With the voting deadline set for June 18, the approval rate has already reached an impressive 100%, indicating a strong consensus among Uniswap users.
Filecoin has experienced a severe crash, leaving investors anxious about further declines. Let's take a look at this Filecoin price crash in more detail.
Despite SEC's pressure, Grayscale representatives refused to admit that FIL, the native asset of the Filecoin L1 blockchain, should be regulated as security. Nevertheless, its registration statement on Form 10 is being withdrawn.
Uncertainty looms over cryptocurrency's end game in the U.S. after several events within the week. Grayscale, a leading digital asset management firm, recently filed a request to withdraw its application for a Filecoin (FIL) trust product, per Global Newswire.
Top Artificial Intelligence-based Coins are trading in red as the entire crypto market slumps amid the ongoing regulatory turmoil. AI crypto tokens, which have gained popularity recently, are basically digital assets that users can leverage to get access to AI technology.
Grayscale Investments revealed that it had filed a request with the SEC to revoke the Trust's Declaration of Registration on Form 10.
According to Protocol Labs, Filecoin is a worldwide storage network fueled by cryptocurrencies, not securities.
Open-source R&D Lab Protocol Labs has defended Filecoin with respect to the SEC's statements, saying that the FIL token is not a security.
Over the last few months, the SEC has taken to unilaterally labeling certain crypto assets as securities in unrelated lawsuits. But some industry participants say the agency doesn't understand the technology behind these tokens well enough to make this claim.