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🔥💥Filecoin Price Increase: Here's Why FIL Is Rising at Record Speed The recent price increase of #Filecoin has attracted the attention of the market. Crypto has risen by up to 16% in the last 24 hours, quickly becoming one of the leading tokens to interact with. Filecoin's remarkable price increase was largely due to its recent partnership with blockchain giant Solana. The recent price increase of #FILCOIN has become a remarkable development for crypto enthusiasts. According to data from CoinMarketCap, Filecoin has risen by up to 217% in daily transactions, which signals that user interest is increasing. In October, the cryptocurrency ranked itself 12th in terms of market capitalization. he positioned it as a leading cryptocurrency. Filecoin's phenomenal price rise was primarily due to its recent collaboration with Solana. According to the official report, Solana will use and benefit from Filecoin's excellent storage services to archive blockchain history and data. "Solana is using Filecoin to make block history more accessible and useful for infrastructure providers, explorers, indexers, and anyone who needs access to the history. By taking advantage of Filecoin's decentralized storage features, Solana can achieve data redundancy, scalability and enhanced security while staying true to its decentralized ethos.“ The report was later shared. Filecoin Is Ready For A Successful Price Recovery The recent price rise of Filecoin has forced crypto analysts to publish positive price forecasts. Ali Martinez, one of the leading crypto analysts, shared on Twitter how FIL is ready to gain more momentum in the Sunday. Given the current FIL price trend, Martinez was quick to predict the cryptocurrency's next price target. “A successful breakthrough at this barrier could significantly support the price of $FIL and potentially triple its value to $25.5!” FIL's recent price increase has also attracted the attention of derivatives investors. The latest Coinglass data shows that open interest in FIL futures has also risen to a 26-week high. #binance

🔥💥Filecoin Price Increase: Here's Why FIL Is Rising at Record Speed

The recent price increase of #Filecoin has attracted the attention of the market. Crypto has risen by up to 16% in the last 24 hours, quickly becoming one of the leading tokens to interact with.

Filecoin's remarkable price increase was largely due to its recent partnership with blockchain giant Solana.

The recent price increase of #FILCOIN has become a remarkable development for crypto enthusiasts. According to data from CoinMarketCap, Filecoin has risen by up to 217% in daily transactions, which signals that user interest is increasing. In October, the cryptocurrency ranked itself 12th in terms of market capitalization. he positioned it as a leading cryptocurrency.

Filecoin's phenomenal price rise was primarily due to its recent collaboration with Solana.

According to the official report, Solana will use and benefit from Filecoin's excellent storage services to archive blockchain history and data.

"Solana is using Filecoin to make block history more accessible and useful for infrastructure providers, explorers, indexers, and anyone who needs access to the history. By taking advantage of Filecoin's decentralized storage features, Solana can achieve data redundancy, scalability and enhanced security while staying true to its decentralized ethos.“ The report was later shared.

Filecoin Is Ready For A Successful Price Recovery

The recent price rise of Filecoin has forced crypto analysts to publish positive price forecasts.

Ali Martinez, one of the leading crypto analysts, shared on Twitter how FIL is ready to gain more momentum in the Sunday.

Given the current FIL price trend, Martinez was quick to predict the cryptocurrency's next price target.

“A successful breakthrough at this barrier could significantly support the price of $FIL and potentially triple its value to $25.5!”

FIL's recent price increase has also attracted the attention of derivatives investors. The latest Coinglass data shows that open interest in FIL futures has also risen to a 26-week high.

#binance

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😱😱😱Will El Salvador Change Bitcoin Laws for IMF's $1.4 Billion Loan? #ElSalvador is seeking a $1.4 billion loan from the International Monetary Fund (IMF), and in return, the body wants the Central American country to revise its Bitcoin (#BTC ) law. El Salvador Loan Requests and IMF Request Loan negotiations have been ongoing for some time to help El Salvador urgently pay off its financial commitments and debt payments. In particular, the IMF's demand remained the same during this period: make a reform of the Salvadoran cryptocurrency law. However, El Salvadoran President Nayib Bukele has no plans to heed this request. The IMF's latest warning came through the Fund's Communications Director Julie Kozack, who spoke about the risks associated with BTC a few days ago. It seems that if El Salvador does not make the desired changes to the Bitcoin law, the Fund will not consider the $ 1.4 billion loan appeal This request from the IMF is not surprising, as the financial institution is especially against El Salvador regarding the use of BTC as a legal tender. The IMF decided to use the loan negotiation as another way to ask El Salvador to reconsider its Bitcoin stance. IMF Puts Pressure on El Salvador Over Bitcoin Adoption Since at least September 2021, the IMF has opposed El Salvador's use of the coin as a legal tender. The financial institution strongly believes that the use of this leading cryptocurrency poses a threat to financial stability and economic health, given its highly volatile nature. El Salvador's Vice President Felix Ulloa stressed the government's unwavering commitment and went so far as to cite the recent spot Bitcoin ETF approval from the US Securities and Exchange Commission (SEC) as an important factor. Considering how important the $ 1.4 Billion loan is for the Central American country and how important it holds its Bitcoin strategy, it is not yet clear whether El Salvador will bow to the IMF's request. #NayibBukele #binance
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