Which altcoin on this list will do a minimum of 10x? (p.s. You can choose all of them.
$TAO
$LINK
$FIL
$KAITO
$SUI
$AAVE
$XMR
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Filecoin
Startups on Avalanche (@avax) don’t need to store everything on-chain. They can move archival or rarely accessed data to Filecoin, where it’s stored immutably and verified with cryptographic proofs, and reduces costs without affecting app performance or availability.
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crypto指南针（满血版）
In this past year, whether it's top KOLs, industry veterans, or friends from institutions, what I've heard in discussions is:
10,000 #ETH
60 #FIL
200,000 #BTC
2 #DOGE
If we look at it based on past bull market performances, it seems reasonable. But thinking back, after experiencing several rounds of bull market cleansing, funds have flowed from the hands of most retail investors to a few large players who take profits. Every time faith is recharged, it's to increase the liquidity of the chips in their hands. After they cash out by cutting the leeks with altcoins, will they re-enter the air coins? I believe most will not.
Before the awareness of retail investors awakens, they will follow the trend to recharge faith and pump altcoins. However, when those who once brainwashed themselves into believing that air coins would increase by 10,000 times have grown into seasoned investors who exit once they double their investment, can the tactics of the large players still work as before?
Previously, it was a retail bull market; now it's an institutional bull market. During the low market cap period of crypto, the funds from retail FOMO were enough to drive the market. But once we reach a trillion-dollar market cap, whether it can have the same effect as before is evident. Therefore, what we need to do now is to plan our funds well, hold mainstream assets, avoid large positions in altcoins, and wait patiently for the flowers to bloom.
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Farid 🔺(🦾🐓τ,τ) reposted
Filecoin
Enterprises building on Avalanche (@avax) can now store KYC records, logs, and historical data on Filecoin, where it’s saved immutably, backed by cryptographic proofs, and kept off-chain to avoid putting extra load on Avalanche’s performance layer.
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ESSE
It's over!
The copycat season in the currency circle has not come, and the copycat season of US stocks is coming!
A few days ago, I also saw that it is now possible to buy U.S. stocks through the exchange.
The liquidity of the currency circle has been further drawn!
I wanted to wait for the stream, but I didn't expect to change a mouthful of salt
$BTC is very strong, what are the altcoins sucking into!
Once the king of the project, $FIL $ICP!
The former Four Heavenly Kings, $OP $ARB $ZK $SCR What have become of them?
It can only be said that things are wrong, and if you buy altcoins, you should pay off all the sins you have made in your life, right?
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Filecoin price performance in USD
The current price of Filecoin is $2.0480. Over the last 24 hours, Filecoin has decreased by -8.33%. It currently has a circulating supply of 677,081,288 FIL and a maximum supply of 1,959,441,823 FIL, giving it a fully diluted market cap of $1.39B. At present, Filecoin holds the 41 position in market cap rankings. The Filecoin/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Filecoin, founded in 2014, is a peer-to-peer (P2P), open-source data storage network that uses blockchain technology to store files reliably and verifiably. Anyone needing to store their files or with storage space to spare can join and participate in the network. Consider it a cold storage, but instead of being owned by a single entity such as Google or Amazon, it is owned by everyone.
Data storage on Filecoin is entirely private; it is fully encrypted and secured, meaning no one, not even your storage provider, can read it. Additionally, Filecoin users do not need to worry about storage space because the network has a capacity of 2.5 billion gigabytes, 40 times the size of the internet.
Filecoin employs Proof of Replication (PoRep) and Proof of Spacetime (PoSt) rather than Proof of Stake (PoS). According to PoRep, miners will be compensated with FIL tokens if they can demonstrate that they received the cryptographically encoded data from the client. On the other hand, PoSt ensures that the data is kept for the time period specified in the client's contract.
Users typically pay with FIL tokens to store their files with storage providers. The price of storage on Filecoin is determined by the network's demand and supply for storage, and anyone can participate. Users are not limited to a small and defined set of storage providers but can store their files with any storage provider offering any deal available on the network. This enables users to store and access their files at extremely low prices.
Filecoin's native cryptocurrency, FIL, serves as a payment medium. Users pay FIL for storage services, and storage providers earn FIL units for staking storage space. The Filecoin blockchain immutably records FIL transactions as well as storage proofs generated by storage providers.
FIL price and tokenomics
Filecoin's ICO was one of the biggest successes in the blockchain industry, raising a total of $205.8 million. With an initial funding goal of $40 million, its initial token price was pegged at $5 when introduced into the market.
It has a maximum supply of 2 billion tokens with a market capitalization of $1.7 billion. In the fall of 2020, Filecoin organized Space Race to increase the network's data capacity by 400 pebibytes. 400 miners participated in the testnet phase and were awarded 3.5 million FIL tokens.
Filecoin is a deflationary asset with a certain amount of FIL burned with every transaction. The fees burned are sent to an irrevocable burn address to compensate for the network expenditure of resources. The idea is based on Ethereum's EIP1559.
About the founders
Juan Benet co-founded Filecoin in 2014 with the California-based company Protocol Labs, of which he is the CEO.
Benet is a Stanford University graduate with a master's degree in computer science. Before Filecoin, he was the co-founder and CTO of Loki Studios, a mobile gaming studio focused on developing location-aware games. He also founded Athena Academy, a non-profit private school in Palo Alto devoted to educating students with dyslexia.
According to official documents, Filecoin secured $205.8 million during one of the industry's largest funding rounds. The project even received backing from venture capitalists Sequoia and Andreessen Horowitz.
Filecoin highlights
First, the popular browser Brave added Filecoin to their wallet, exposing Filecoin to over 56 million Brave users. This integration helped in creating awareness among Brave users about Filecoin.
Second, instead of temporary file storage, Filecoin partnered with Lighthouse to offer their users permanent file storage within the Filecoin ecosystem, coming at a one-time cost. On Filecoin, files are removed if clients stop paying storage fees, so offering permanent file storage is essential for the most important files or irrefutable information, such as NFTs.
Next, the Filecoin Foundation recently donated $10 million worth of Filecoins (50,000 FIL tokens) to the Internet Archive after its founder joined the Filecoin Foundations board of advisors. The donation is aimed at broadening the Internet Archive's reach to help more people across the globe educate themselves.
Finally, Filecoin had a v16 network upgrade, codenamed Skyr, and switched to using the Wasm-based Filecoin Virtual Machine to operate its basic functionality. This upgrade is the first step toward enabling user programmability on Filecoin and is the network's most significant change since its launch almost two years ago.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 1.9K new posts about Filecoin, driven by 1K contributors, and total online engagement reached 205K social interactions. The sentiment score for Filecoin currently stands at 89%. Compared to all cryptocurrencies, post volume for Filecoin currently ranks at 2925. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Filecoin.
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Posts
1,903
Contributors
1,005
Interactions
204,536
Sentiment
89%
Volume rank
#2925
X
Posts
1,616
Interactions
196,901
Sentiment
90%
Filecoin FAQ
How much is 1 Filecoin worth today?
Currently, one Filecoin is worth $2.0480. For answers and insight into Filecoin's price action, you're in the right place. Explore the latest Filecoin charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Filecoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Filecoin have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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