What is Filecoin?
Filecoin is a decentralized, open-source, and peer-to-peer digital payment system that uses Blockchain technology. It allows users to earn FIL tokens by renting unused hard drive space. Filecoin was made by Protocol labs and is built on the top of the InterPlanetary File System (IPFS). FIL tokens are the native currency used on the Filecoin network. An exciting piece of Filecoin news is that the value of FIL tokens increased by more than 250% to trade above $200 in the last month, which has led top Chinese firms to eye the cryptocurrency with great interest.
Filecoin Price Charts & Analysis
Filecoin price charts & analysis reports help investors, organizations, and analysts track FIL token price, trading volumes, demand, and other relevant data. They help in forecasting future FIL token prices based on their past performance.
A careful study of Filecoin price charts & analysis reports reveals that in April 2019, FIL tokens were trading at an average of $4.50. However, post its listing on the Gemini Exchange in 2020, it broke all barriers and traded above $20 by the end of 2020. A deeper look into the Filecoin price charts & analysis reports indicates that the increase of more than 250% last month resulted from significant investments in the Chinese territory.
Please stay tuned in for more exciting Filecoin news related to Filecoin price charts & analysis.