FIL bulls face rejection at $3.4, can traders expect more losses in coming days

The core CPI data from the US Labor Department last week saw a move upward to $18k for Bitcoin, but those gains were quickly wiped out. Stock market indices such as S&P 500 posted losses last week and were likely to continue trending lower this week.

Timeline of Filecoin

The latest Filecoin price analysis is showing signs of an upward trend as the price has undergone a significant improvement in the last 24-hours. The bullish upswing has resulted in a remarkable improvement in the price as its value has upgraded to $4.38.

Filecoin price analysis shows that the price of FIL/USD has followed a strong upwards trend in the last 24 hours. The price has continued a positive movement, increasing significantly, barely shying away from the $4.18 mark.

The Filecoin price analysis is indicating a decline in the price today. The bears have won the leading position as the selling pressure has formed again and the price is decreasing again.

Filecoin is a decentralized storage network (DNS) that competes with the likes of AWS. It has increasing revenue, but is it a good investment choice? The post Filecoin Revenue: Investing in Decentralized Data Storage appeared first on Bitcoin Market Journal.

The third quarter of 2022 saw Filecoin [FIL] making some remarkable achievements. According to Messari's latest report, Filecoin's network usage skyrocketed in in Q3 as it registered over 82% growth.

FIL, the native token of the decentralized storage network Filecoin, has gained around 15% over the past 24 hours amid the news that Meta has selected a decentralized data storage solution to archive its creators' digital collectibles.

In an official statement released on 31 October, Filecoin [FIL] announced that it had inched another step towards its decentralized storage objectives. According to the network storage team, Filecoin finalized partnerships with ProtocolLabs, AMD, and Seagate to develop a decentralized network alliance that would make it easy to bridge web2 to web3.

AWS competitor Filecoin has announced the availability of its CDN labeled “Filecoin Saturn.” Filecoin, a project from Protocol Labs, harkens back to the initial coin offering (ICO) days when it raised a whopping $200+ million with the assistance of Coinlist.

The new Saturn data delivery network launched by Filecoin will help increase accessibility for public contributors to the Filecoin network.  Filecoin Launches Saturn Decentralized storage project Filecoin has launched a new content delivery network.

The developers behind the decentralized storage solution Filecoin (FIL/USD) have launched a content delivery network known as Saturn. Filecoin was developed to store data in a decentralized way, leveraging decentralization to protect the integrity of the data's location, making it retrievable at any point in time and difficult to censor.