Filecoin (FIL) Portfolios Stay Red With 18% Weekly Losses
The post Filecoin (FIL) Portfolios Stay Red With 18% Weekly Losses appeared on BitcoinEthereumNews.com.
Filecoin remains beaten up by the current market’s heavy volatility as it continues pointing downwards. According to the latest market data, FIL plummeted by 18% since last week, representing a significant slash in value. Investors remain shaken by the current market losses of the token. However, several developments might repair the lost trust in the token, but it remains to be seen what impact they might have on the future performance of FIL. Related Reading A Series Of Wins For Filecoin Despite having a bad start in August, the ecosystem still has aces up its sleeve that might turn the tide. Yesterday, the X account Cricimiento announced that they are partnering with the Filecoin Foundation to “help advance Argentina’s crypto ecosystem” at Aleph, a crypto event in Argentina that aims to turn the country into the world’s crypto capital. 🏙️🇦🇷🌞 @FilFoundation is joining forces with Aleph!@Filecoin decentralized storage ensures secure and efficient data management using blockchain technology. Catch the team this August to see how they are helping advance Argentina’s crypto ecosystem! 🌐 pic.twitter.com/vEAUATRPec — Crecimiento 🔜 Aleph (@crecimientoar) August 2, 2024 The event will be held this month, with major crypto institutions supporting the event. This will give the Filecoin Foundation a chance to enhance the reach of the organization as the prime provider of decentralized storage within Web3. Filecoin Station also presented another win for the platform. Back on August 2, Station announced that a whopping 16,911 participants had participated on the platform in July. This number only represents addresses that finished a job on the platform, but it remains significant as it shows active use of Filecoin’s network. The Station Network reached a new record 16,911 participants* in the network in July 2024. Thanks so much to everyone who runs a Station as we work to let…
Filed under: News - @ August 4, 2024 6:26 pm