Binance Coin (BNB) and Filecoin (FIL) will be overtaken by Degrain (DGRN) Top Analysts Predicts 8,000% Rise By The End Of 2022

With the level at which cryptocurrency is getting adopted recently, more and more people have been looking to get onboard. But without enough information on what coins to buy, finding a good entry point is a difficult task.

Timeline of Bnb, , Filecoin

Filecoin (FIL) broke out from a descending resistance line on June 18, but accelerated its rate of increase on July 30. The post Filecoin (FIL) Price Jumps by 80% in Two Days appeared first on BeInCrypto.

SMARTLend is a hybrid ROI DApp project that is built on the Binance Smart Chain Network. The developers behind the project chose the Binance Smart Chain network for its larger audience, cheaper transaction fee and matured investors.

Despite the bleak macroeconomic environment, sentiment in the crypto market has shifted bullish over the past few days. Filecoin appears to be benefiting from the latest resurgence.

Many investors are in a panic during this bear market and are eager to sell their holdings and switch their portfolios to cash or short-term government bonds. The selling pressure for coins and tokens is driving down the price of cryptocurrencies, and the cryptocurrency market is no exception.

Many analysts believe August will be a good month for altcoins and NFTs, but investors are sceptical about leaving stablecoins to invest in crypto assets because we are still in a bear market. Despite the caution, it has become apparent that some whales have been making big moves in preparation for the next market cycle.

The Filecoin (FIL) price has been under a winning streak over the past six days and has reached its current price at $10.3. This rapid rally bolstered buyers in escaping a seven-week consolidation phase below the $6.3 resistance.

Binance Coin (BNB) was able to climax at an all-time high that outperformed Bitcoin (BTC) – and Changpeng Zhao, Binance CEO, isn't surprised at all. Remarkably, the BNB/BTC pair reached $0.0124.

FIL holders who purchased the altcoin within the last six weeks have likely been disappointed by its performance. However, 30 July brought good tidings and redemption from their disappointment, considering the cryptocurrency's strong performance.

On July 27, the Filecoin Foundation for the Decentralized Web (FFDW) announced it will be supporting an initiative with Harvard University's Library Innovation Lab (LIL) called the “Democratizing Open Knowledge” program. With FFDW's support, LIL plans to explore decentralized technologies that can preserve digital information.

Binance exchange cryptocurrency [BNB] reached a new all-time high (ATH)  on 29 July. No, it hasn't surpassed its 2021 levels against the Tether [USDT], but as of 29 July, BNB crossed to an ATH against Bitcoin [BTC].