Filecoin Now Is Among the Top 10 Tokens by Market Cap

by in Cryptocurrency News

Filecoin Reaches new highs

FIL, the native token of a decentralized protocol Filecoin, has seen significant price growth. At the moment the token trades at around $210.68 and ranks the ninth in terms of market capitalization which is above $13.3 billion.

The interest in investing in FIL has been surging. On March 17, asset management GrayScale added the token's trust along with 4 other altcoin trusts. This month, co-founder of cryptocurrency exchange Gemini, Cameron Winklevoss mentioned FIL in his tweets several times.

Recently Filecoin announced integration with Chainlink's oracle solutions. This means Filecoin Network's connection with smart contract enabled blockchains like Ethereum. So, developers will have the opportunity to access a complete Web 3.0 infrastructure stack using blockchains for on-chain logic and state changes, Chainlink oracles for off-chain communication and computation, and Filecoin for decentralized storage and data solutions.

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FIL's indicators like developer activity, miner activity, and transaction volume are high.