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Why did fil prices rise today (fil prices suddenly stopped rising in June)

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Why did fil prices rise today (fil prices suddenly stopped rising in June)

Why is fil price rising today? Why is fil price rising today? Filecoin has seen significant growth since its launch. Starting from June 15th, the FileCoin main network has launched the first phase. As of now, FIL has maintained a strong upward trend for three consecutive days, with a maximum increase of over 50%; As of now, Filecoin’s official blog has published over 40000 articles, of which more than 100 have mentioned this phenomenon:

1) The price of Fil has recently shown a rapid upward trend. With the continuous increase in online trading volume and the increasing interest of investors in Filecoin, the market’s continuous rapid progress in recent weeks has gradually increased people’s attention to Filecoin

2) In the mining boom of Filecoin, more and more developers and investors hope to join the army of Ethereum 2.0 to promote the market demand of mainstream cryptocurrencies such as Bitcoin, which is not unrelated to the current rise of Bitcoin When investors discover certain shortcomings in the Filecoin project, Filecoin undergoes an explosive development. However, many early investors did not fully understand this situation and instead focused on the construction and application development of some new projects within the Filecoin ecosystem. Therefore, these projects have been welcomed by many people, so we see some very high-quality and promising projects underway. So since this is of great significance, they will use a series of technical means to help more users enter the Filecoin field Although Filecoin is a well-known project in the blockchain industry, it is also an emerging and extremely successful project. Its launch does not actually represent any form of currency price fluctuations, but more importantly, it depends on whether it can become the underlying technology protocol for the next generation of the Internet

Fil prices suddenly stopped rising in June

Filecoin prices suddenly stopped rising in June due to the recent market crash. The price of Fil skyrocketed from $0.008 in early May to around $0.023 in mid June, but it wasn’t until June that it once again broke its historical high of $0.0028 According to Coinmarketcap data, the current price of fil is $0.031. Previously, it was reported that at the end of July 2019, the Filecoin token FIL was first launched on the Firecoin Pro exchange, with a value of approximately $50 million. However, as the main online line of Filecoin approached, FIL prices experienced a decline.

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