Filecoin token grew by 79% in a week

Despite the fact that most altcoins were volatile last week, Filecoin managed to grow by 79.4% in 7 days. The last 24 hours brought FIL $3.62 Filecoin -0.19% Market capitalization $2.14 billion VOL. 24 hours $12.22 million a 22.7% price increase.

According to CoinGecko, Filecoin has managed to grow by 108% over the past 30 days. The market capitalization of FIL is over $ 3 billion, allowing the digital asset to rise to 24th place in the top 100 cryptocurrencies by market capitalization.

FIL is a cryptocurrency owned by the Filecoin blockchain platform focused on decentralized data storage. With Filecoin, anyone can store, retrieve, and post digital information. FIL tokens are used to pay for these services and as an economic incentive for reliable long-term file storage.

The security and verification of data stored on the Filecoin network is ensured by two consensus algorithms: Proof of Spacetime (PoSt) and Proof of Replication (PoRep). The miners in the Filecoin network are responsible for storing and providing data.

As for the state of affairs of the main cryptocurrencies, over the past 7 days, bitcoin has grown by 12.7%, and ethereum — by 10%. Polygon and OKB have shown a slight decline in prices, while Cardano, Dogecoin, Polkadot, and Solana have seen an increase.