Plona (PLON) Will Outperform Tamadoge (TAMA) and Filecoin (FIL) As 2022 Comes To An End

The cryptocurrency market can be surprising and lucrative, leaving investors searching for the right tokens to purchase. After thorough digging, we have found three blockchain cryptocurrencies in the market that might be worth your money.

Timeline of Filecoin, Tamadoge

The latest Filecoin price analysis confirms that a bullish trend has been dominating the charts for the 24-hours. A rise in price has been observed in the last 8 hours as well, which is quite encouraging for the buyers.

Decline and primarily depreciation was the story of the Filecoin [FIL] till we hit Q3 of 2022. Interestingly, the decentralized storage network recorded the first positive revenue growth since the HyperDrive upgrade.

One thing that's looking certain is that the coming year promises to be more exciting and productive for crypto enthusiasts than the current one. Many crypto projects are at presale, and a handful of others are listed on major CEX/DEX.

SPONSORED POST* Due to the bear market there has been a decline in the value of crypto, but it seems that this trend is gradually changing. Bitcoin is poised to drag the top altcoins and the entire cryptocurrency sector upward with it.

SPONSORED POST* The recent super successful conclusion of the Tamadoge's (TAMA) presale, months ahead of schedule, could be a taste of what is to come for the Big Eyes Coin (BIG).

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. FIL approached its all-time low levels near the $5 baseline support.

September is a dreadful month for stocks and cryptocurrencies. However, October historically reverses this bearish sentiment, and this year is no exception. Heading into Q4 bullish sentiment has heightened. With American midterms in November, this winter looks incredibly bullish.

Regarding blockchain technology, file sharing is a vital aspect of all functionality, and Filecoin is a pioneer in the sector. The distinctive approach for this process is the decentralized nature of maintaining the process.

According to a CoinDesk report, decentralised filesharing protocol Filecoin saw an almost sevenfold increase in data suppliers since the start of the year, with up to 7,000 new developers building applications on top of the protocol. At a Filecoin event in Singapore, co-lead at Protocol Labs Colin Evran said the network's storage providers were increasing at a rate of 20% each month, with most activity in North America, Korea and Hong Kong.

Filecoin price analysis shows that the market sentiment is bearish, and the price may continue to fall. The strongest resistance for FIL/USD is present at $5.93 and support is at $5.73.