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Up 138% in one week, is Filecoin (FIL) bound to crash?


After a rough start, Filecoin has managed to break into the top 10 leading cryptocurrencies by market capitalization. After overtaking Chainlink (LINK) and Theta Network (THETA), with a rally of 138% in one week and 418% in one month, FIL took over the tenth position.
Founded by Juan Benet, creator of the InterPlanetary Files System (IPFS), and developed by Protocol Labs after receiving $257 million in its Initial Coin Offering, the platform has managed to attract a lot of attention in China, as journalist Colin Wu reports.
Data shared by Wu indicates that FIL has seen a 30% increase in its trading volume for the last 24 hours on Huobi’s platform. The cryptocurrency has managed to reach a new all-time high based on increased buying pressure and demand for the cryptocurrency. ....

Colin Wu , Juan Benet , Theta Network , Interplanetary Files System , Protocol Labs , Initial Coin Offering , Filecoin Frontier Accelerator , கொலின் வு , ஜுவான் பெனட் , தீட்டா வலைப்பின்னல் , ப்ரோடொகால் ஆய்வகங்கள் , ஆரம்ப நாணயம் பிரசாதம் ,