Is Filecoin Price Rally Heading to $.095?
FIL, the native cryptocurrency of a decentralized storage system Filecoin, witnessed a notable upswing in the last two weeks. This positive upturn surged the coin price from $4.976 to $7.76 registering 55% growth.
Despite the current market uncertainty, the high momentum rally in Filecoin can be attributed to the partnership announcement with highly scalable layer 1 Blockchain Solana. Filecoin’s integration with Solana, as announced on their official X platform(formerly Twitter) account, represents a significant evolution towards decentralized storage, potentially driving the recent uptick in Filecoin’s market value.
This partnership enhances Solana’s data accessibility and fortifies the blockchain’s infrastructure, signaling a robust step forward for decentralized networks and their users.
With sustained buying the Filecoin price must breach the overhead resistance of $8.1. This breakout should buyers with suitable support to boast a 17.5% rally to hit a $9.5 high. Dyor
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