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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.
