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news-imageFebruary 24, 2023

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

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.
Publisher: The Daily Hodl
Sentiment: Positive
CFX
FIL

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Neutral
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Crypto Market News for Today—CRV, MKR, CFX Spike While MOVE, IP and Hype Face Huge Losses

The crypto markets are consolidating after a small rise as the bulls face fatigue following a minor surge. Bitcoin price surged above $88,000 but has settled above $87,000 despite the rising bearish activity. On the other hand, Ethereum sustains above $2000, while memecoins display some strength as DOGE, PEPE, and FLOKI maintain a strong upswing.

Positive
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Crypto Price Analysis 3-12: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, APTOS: APT, UNISWAP: UNI, FILECOIN: FIL, AXIE INFINITY: AXS

The crypto market recovered over the past 24 hours as prices rose after experiencing significant declines over the past few sessions. Bitcoin (BTC) dipped to a low of $76,982 on Tuesday before rebounding to reclaim $80,000 and reach $83,737 before losing momentum and declining to its current level.

Negative
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Crypto Price Analysis 3-4: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGECOIN: DOGE, RIPPLE: XRP, FILECOIN: FIL, INJECTIVE: INJ

The crypto market fell back into the red as its market capitalization dropped nearly 11% to $2.75 trillion, erasing all the gains made on Sunday after President Donald Trump's crypto reserve announcement. Sunday's rally began fading on Monday, with Bitcoin (BTC) and other altcoins sliding back to pre-weekend levels.

Neutral
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Crypto Price Analysis 2-4: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, CHAINLINK: LINK, NEAR PROTOCOL: NEAR, FILECOIN: FIL, ARBITRUM: ARB

The crypto market rebounded after Donald Trump agreed to delay tariffs on Canada and Mexico following a conversation with both presidents. As a result, Bitcoin (BTC) rebounded to reclaim the $100,000 level, with the flagship cryptocurrency trading at $100,360, up nearly 7% over the past 24 hours.

Neutral
cover-imageThe Currency Analytics
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Filecoin Price Prediction 2025-2031: Future Forecast for FIL

Filecoin (FIL) is a decentralized storage network designed to offer a more efficient and secure alternative to traditional cloud services. Built by Protocol Labs, it uses blockchain technology to create a peer-to-peer marketplace where users can rent out unused hard drive space in exchange for Filecoin tokens.

Negative
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Filecoin price prediction: Will the FIL token recover?

Filecoin price has collapsed, erasing all the gains made in 2024, and making it one of the worst-performing tokens in crypto. The FIL token plunged to a low of $2.6155 on Monday, its lowest level since 2022. It has plunged by over 74% from its highest level in 2024.

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