Ebene News – US – Filecoin (FIL) returns Chainlink (LINK) to enter top ten cryptocurrency list with 125% weekly earnings

Filecoin (FIL) has jumped 30% in the last 24 hours to make its way to the top ten reversal cryptocurrency list from dominant players like Chainlink (LINK) FIL, the tenth most large cryptocurrency by market cap, jumped 125% over the past week due to multiple ongoing developments

At the time of publication, Filecoin (FIL) is trading at a price of $ 19626 with a market cap of $ 12.4 billion Filecoin, the decentralized blockchain-based storage network developed by Protocol Labs has seen increasing demand since the beginning 2021 Filecoin allows users to have full control over their data while taking on big tech giants like Amazon and Google

According to the latest news, some of the most popular projects like Wikipedia, Project Gutenberg and OpenAQ are using the Filecoin network to store their archives of valuable data

Wikipedia, OpenStreetMap, gnomAD, Project Gutenberg and OpenAQ are just a few of the valuable data archives stored on the Filecoin network Explore some of these projects on the Filecoin website: https: // tco / hKQI5O3F6h

Additionally, Crypto Miners Growing Interest in Filecoin Mining Last week, on March 27, the Filecoin team announced that Filecoin miners and Liverpool miners could co -mining FIL together Also, much of this mining interest in Filecoin is believed to come from China

Local news outlet AI Express last week reported that Shenzhen-based computer hardware maker Xinyuan Technology had struck a huge deal with Jiangxi-based electronic component maker Sesumg The two companies struck a deal. agreement for a “distributed storage center project” and a massive order of $ 89 million for IPFS (Filecoin) miners

On Tuesday, March 30, another Shanghai-based company The9 Limited signed a $ 2 million Filecoin mining machinery purchase and hosting contract with a mining service provider FIL C This is more than the $ 10 million purchase of FIL miners the company made in February 2021.The official press release notes:

“At present, The9 has an independent node on the Filecoin blockchain and 8 Pebibytes of effective storage mining power in the Filecoin network When both agreements are fully implemented, The9 is expected to have a total of over 80 Pebibytes of effective storage mining power in the Filecoin network”

Another major boost for Filecoin is that last month Grayscale Investments announced its new Filecoin Trust allowing institutional players to gain exposure to cryptocurrency

To follow DeFi updates in real time, check out our DeFi news feed here

Cryptocurrency, Filecoin

Ebene News – United States – Filecoin (FIL) switches Chainlink (LINK) to enter the top 10 cryptocurrencies with 125% of weekly earnings

Source: https://coingape.com/filecoin-fil-flips-chainlink-link-enter-top-ten-crypto-list-125-weekly-gains/