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Solana (SOL) Surprisingly Integrates With Filecoin (FIL): Details. The partnership unlocks fresh opportunities for Solana (SOL) in terms of data accessibility, transaction speed and network performance. Also, the new design makes Solana's (SOL) ecosystem more advanced in terms of decentralization. Solana (SOL), Filecoin (FIL) tech partnership kicks off. Solana (SOL), a high-performance L1 blockchain, announced yesterday, Feb. 16, 2024, that it integrated with Filecoin (FIL), a decentralized network that addresses data storage and processing. Solana (SOL) will be leveraging Filecoin's (FIL) data instruments to make its block history more accessible and usable for Web3 infrastructure providers, block explorers, indexers and any network actor interested in checking Solana's (SOL) transaction archive data. As a result, Solana (SOL) will accomplish new milestones in terms of data redundancy, scalability and enhanced security, with no decentralization trade- offs. Following the announcement, the price of Filecoin (FIL) soared by over 10% to multi- week highs over $6.4 on major spot exchanges. Solana's (SOL) Yakovenko on Filecoin (FIL): "Awesome decentralized archive layer" As stressed by Filecoin's (FIL) representatives, the new partnership will be beneficial for tech developers and Web3 enthusiasts of various ecosystems: This collaboration showcases the power of blockchain networks to create more robust and resilient ecosystems for the benefit of users and developers. Solana Labs founder Anatoly Yakovenko highlighted the tech supremacy of Filecoin (FIL) and its potential role in Solana's (SOL) archive data management. Yakovenko also mentioned the role of Triton One RPC infrastructure provider in the integration between Solana (SOL) and Filecoin (FIL).

Solana (SOL) Surprisingly Integrates With Filecoin (FIL): Details.

The partnership unlocks fresh opportunities for Solana (SOL) in terms of data accessibility, transaction speed and network performance. Also, the new design makes Solana's (SOL) ecosystem more advanced in terms of decentralization.

Solana (SOL), Filecoin (FIL) tech partnership kicks off.

Solana (SOL), a high-performance L1 blockchain, announced yesterday, Feb. 16, 2024, that it integrated with Filecoin (FIL), a decentralized network that addresses data storage and processing.

Solana (SOL) will be leveraging Filecoin's (FIL) data instruments to make its block history more accessible and usable for Web3 infrastructure providers, block explorers, indexers and any network actor interested in checking Solana's (SOL) transaction archive data.

As a result, Solana (SOL) will accomplish new milestones in terms of data redundancy, scalability and enhanced security, with no decentralization trade- offs.

Following the announcement, the price of Filecoin (FIL) soared by over 10% to multi- week highs over $6.4 on major spot exchanges.

Solana's (SOL)

Yakovenko on Filecoin (FIL): "Awesome decentralized archive layer"

As stressed by Filecoin's (FIL) representatives, the new partnership will be beneficial for tech developers and Web3 enthusiasts of various ecosystems:

This collaboration showcases the power of blockchain networks to create more robust and resilient ecosystems for the benefit of users and developers.

Solana Labs founder Anatoly Yakovenko highlighted the tech supremacy of Filecoin (FIL) and its potential role in Solana's (SOL) archive data management.

Yakovenko also mentioned the role of Triton One RPC infrastructure provider in the integration between Solana (SOL) and Filecoin (FIL).

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Which technology enables the creation of non-fungible tokens (NFTs) often associated with the metaverse? Bitcoin (BTC) Price Plunging After Crucial CPI Data. The price of Bitcoin, the largest cryptocurrency by market capitalization, recently plunged to as low as $67,482 on the Bitstamp exchange. This came after the core consumer price index (CPI) came in hot for the third consecutive month. Consumer prices grew 3.5% on a year-over-year basis in March, which is above analysts' expectations. The most recent disproved the thesis that January was simply a seasonal anomaly, according to Jason Furman, professor of practice at Harvard. The price of Bitcoin fell in tandem with the U.S. stocks. Virtually all sectors of the S&P 500 experienced significant declines while Russell 2000, which focuses on small-cap stocks, saw one of its worst days of the year. Apollo Global Management has noted that the Fed is not done fighting inflation, which means that higher interest rates will stay for longer. Notably, futures traders are now pricing in only an 18% chance of a June rate cut. The Fed is now expected to cut rates fewer than two times this year. This, of course, will not bode well for risk assets of the likes of Bitcoin. The bigger picture. Despite the seemingly bleak outlook, Bitwise Invest CIO Matt Hougan believes that there are other factors in play. Hogan sees Bitcoin ETF flows as well as the growing deficit as more important drivers of Bitcoin's long-term prices. "I don't believe this move fading the higher-than-expected CPI. Whether the Fed cut rates 25bps in June or not isn't the long-term driver of bitcoin prices right now. It's a marginal factor," he wrote on the X social media network (formerly Twitter). Bitcoin is currently trading at the $68,660 level after paring some losses.
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The PI Coin Price Prediction: Will Bulls Retain the $50 Mark? The Pl coin price displayed a selloff, regressing from the strong resistance mark of $100. Afterward, the coin stretched the retracement and retested the 20-day EMA mark. The sellers continued pushing the coin and followed the selling pressure, which led to a fall below the support zone of the $50 mark. Furthermore, the trend is bearish, and further short additions will make bulls tangled and may result in a correction ahead. The Pl coin (PI) price was trading at $38 at press time. with an intraday gain of 4.53%, reflecting bearishness on the charts. It has a monthly return ratio of -27.70% and 53.90% on a yearly basis. Analysts are neutral and suggest that the Pl coin may face bearishness and will retest the demand zone of $25 soon. PI Coin Price Volume Profile on Daily Timeframe. In the daily timeframe, the coin displayed massive volatility, and sharp pump-and- dump activity led buyers and sellers to be trapped in the past weeks. The coin gained intense momentum at the beginning of March 2024, and a gigantic up move of over 238% was noted within a week. Afterward, bulls failed to hold the gains, and sellers entered the battle, resulting in slippage of over 80% in the past week. However, the coin still trades above the midline and has the potential to retain the $50 mark. The intraday trading volume was $2.30k, signifying average investor interest. What Do Technical Indicators Suggest for PI Coin. The technical indicators prefer the bear army, and most indicators deliver the sell signals. As per the analysis done on 26 indicators, 11 indicators reflect a sell signal, whereas nine indicators prefer a neutral outlook, and only six indicators suggest a buy signal. Overall, the trend is neutral, but buyers must hold the $50 mark and sustain above the 20-day EMA mark to trap the bear army. Per the Fib retracement levels, the Pl coin trades above the 23.6% zone and is trading below the mid bollinger band, signifies seller dominance.
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Shiba Inu (SHIB) Address Profitability Hints at Potential Rally Ahead. Shiba Inu (SHIB) is on the cusp of a breakout, however, the current bearish drawdown is further elongating the time frame for this bullish burst. Per data from the crypto analytics platform Into TheBlock (ITB), the meme coin's profitability is notably showcasing another basis to project an imminent uptrend ahead. The data showed that the number of profitable addresses, or wallets "in the money," in the Shiba Inu ecosystem comes in at 902,960 addresses, or 67.23% of the total on the network. Addresses "out of the money" are notably fewer, at 352,190, or 26.22%. Addresses "at the money," or break-even point, are worth 88,020, or 6.55%. A lot of the In and Out of the Money chart on ITB shows the formidable support for SHIB is pegged at the $0.000023 level, where a total of 76.6 trillion tokens was purchased by 84,740 SHIB addresses. The resistance, on the other hand, is placed at the $0.000033 mark, where 20.97 trillion SHIB were stacked up by 137,600 addresses. With the broad majority in profit, more traders may be more inclined to ride the minor gains in the near term, giving SHIB enough room to chart its budding price upshoot. Shiba Inu whales, burning and Shibarium. It is almost impossible to analyze the prospects of Shiba Inu jumping above its current level without mentioning its major growth triggers, the whale or large transaction outlook, the SHIB burn metrics and the role of Shibarium. The ITB data shows large transactions jumped by a massive 179.48% in 24 hours to $163.12 million. These large transactions account for those valued at $100,000 or more and have become more prevalent within the network, These growing accumulations will help trigger a supply crunch that can impact the price rally in the long term. Intense SHIB burning is also a complimentary uptick for the price surge. Additionally, with more transactions being r ecorded on its associated Shibarium protocol, the robust network activity shows health, and this is likely to attract more users over time.
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