{"id":521556,"date":"2023-03-02T08:50:32","date_gmt":"2023-03-02T08:50:32","guid":{"rendered":"https:\/\/uniquehot.com\/?p=521556"},"modified":"2023-03-02T07:52:08","modified_gmt":"2023-03-02T07:52:08","slug":"bears-lose-grip-on-filecoin-fil","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bears-lose-grip-on-filecoin-fil\/","title":{"rendered":"Bears Lose Grip On Filecoin (FIL) As Market Sentiment Flips Positive"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Ranked 28th in CoinGecko&#8217;s <\/span><a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">cryptocurrency list<\/span><\/a><span style=\"font-weight: 400\">, Filecoin (FIL) has been benefitting from the recent flip in market sentiment. Today&#8217;s market data shows that <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\" rel=\"nofollow\"><span style=\"font-weight: 400\">Ethereum<\/span><\/a><span style=\"font-weight: 400\">, the market&#8217;s top altcoin, is up 1% in the daily time frame.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Investors in crypto, however, took this as a bullish signal, prompting the DeFi market to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/categories\/decentralized-finance-defi\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">increase<\/span><\/a><span style=\"font-weight: 400\"> 2% in the daily. This led to the market of DeFi tokens to reach nearly $52 billion.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/stacks-soars-40-despite-massacre\/\" target=\"_blank\" rel=\"noopener \">Stacks (STX) Survives Market Massacre Of Top 100 Cryptos With 40% Rally<\/a><\/div>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-521558 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-3.png?resize=825%2C99\" alt=\"\" width=\"825\" height=\"99\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-3.png?w=825 825w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-3.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-3.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-3.png?w=750 750w\" sizes=\"(max-width: 825px) 100vw, 825px\"><\/p>\n<pre style=\"text-align: center\">Source: Coingecko<\/pre>\n<p><span style=\"font-weight: 400\">Storage-related tokens like Filecoin also climbed due to the major cryptos&#8217; recent market movement. CoinGecko <\/span><a href=\"https:\/\/www.coingecko.com\/en\/categories\/storage\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> reveals that the combined market cap of all storage-related tokens grew by a percent in the past 24 hours with a trade volume of $602 million.<\/span><\/p>\n<h2><strong>Filecoin On-Chain Dev Ramps Up<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">The Filecoin storage ecosystem is already being utilized by <\/span><a href=\"https:\/\/docs.filecoin.io\/intro\/intro-to-filecoin\/what-is-filecoin\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">many<\/span><\/a><span style=\"font-weight: 400\"> organizations to store their data in a decentralized manner. However, this will be a growing list in the near future as the ecosystem plans to <\/span><a href=\"https:\/\/twitter.com\/Filecoin\/status\/13616385?t=bulSIuXkQgoEAq3RKtmblg&amp;s=19\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">launch<\/span><\/a><span style=\"font-weight: 400\"> the Filecoin EVM, a Filecoin-native instance of the Ethereum Virtual Machine.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The <\/span><a href=\"https:\/\/ethereum.org\/en\/developers\/docs\/evm\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Ethereum Virtual Machine<\/span><\/a><span style=\"font-weight: 400\">, a.k.a EVM, is an execution environment that runs directly on the Ethereum blockchain. It is an essential tool for building dApps and creating smart contracts. With the EVM being the first virtual machine to run on top of a known blockchain, it has amassed a strong developer base which improves it by the day.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Did you hear? The <a href=\"https:\/\/twitter.com\/hashtag\/Filecoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Filecoin<\/a> EVM (FEVM) launch is closer than you think \ud83d\ude09<\/p>\n<p>After the completion of the calibrationnet upgrade earlier today, FEVM is on track to bring smart contracts &amp; user programmability to Filecoin mainnet on March 14th, 2023! \ud83d\udcc5<\/p>\n<p>\ud83d\udc49 <a href=\"https:\/\/t.co\/CMjBDN5Idz\" rel=\"nofollow\">https:\/\/t.co\/CMjBDN5Idz<\/a> <a href=\"https:\/\/t.co\/AdoblUk19R\" rel=\"nofollow\">pic.twitter.com\/AdoblUk19R<\/a><\/p>\n<p>\u2014 Filecoin (@Filecoin) <a href=\"https:\/\/twitter.com\/Filecoin\/status\/13616385?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 22, 2023<\/a><\/p><\/blockquote>\n<h2><strong>The Roll-Out Of FEVM<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">The launch of the <\/span><a href=\"https:\/\/docs.filecoin.io\/developers\/smart-contracts\/concepts\/filecoin-evm\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Filecoin EVM<\/span><\/a><span style=\"font-weight: 400\"> would expand the reach of the ecosystem to EVM-specialized developers, strengthening Filecoin&#8217;s position in the crypto space. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The FEVM would bring the EVM&#8217;s tools which would enable developers to port smart contracts to the Filecoin blockchain or write Solidity-based SCs which is the EVM&#8217;s main coding language.<\/span><\/p>\n<p><span style=\"font-weight: 400\">There are pros and cons with using the FEVM. One of the advantages of using the FEVM is the mature tooling the underlying Ethereum Virtual Machine has which is already well-known and liked by developers. <\/span><\/p>\n<p><span style=\"font-weight: 400\">However, gas fees for using the FEVM is high with lower performance due to the virtualization overhead.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Nonetheless, this would increase the popularity of Filecoin in the coming years once the ecosystem&#8217;s native runtime environment for the EVM launches.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/83tD61s7\/\" width=\"2047\" height=\"979\"><\/p>\n<pre style=\"text-align: center\">FIL total market cap at $2.7 billion on the daily chart | Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/singularitynet-agix-gains-32\/\" target=\"_blank\" rel=\"noopener \">AI-Powered SingularityNET (AGIX) Beats Rivals In Top 100 Coin Listing With 32% Gain<\/a><\/div>\n<h2><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-521561 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Filecoin.png?resize=1140%2C57\" alt=\"\" width=\"1140\" height=\"57\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Filecoin.png?w=1140 1140w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Filecoin.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Filecoin.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Filecoin.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Filecoin.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/h2>\n<h3><strong>At $6.92, Where Is Filecoin Headed?<\/strong><\/h3>\n<p><span style=\"font-weight: 400\">At the time of writing, FIL was trading at $6.92, with the token having a crucial support at $4.84. FIL bulls can also take advantage of the token&#8217;s high correlation with Bitcoin and Ethereum which are leading the market&#8217;s sentiment flip from negative to positive.<\/span><\/p>\n<p><span style=\"font-weight: 400\">FIL bulls are hoping to push the token up to the $9 level in the next few days. If this happens, the bulls may find themselves with enough momentum to test $10 in the short to medium term.\u00a0<\/span><\/p>\n<p><em>-Featured image from Pest Pointers<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ranked 28th in CoinGecko&#8217;s cryptocurrency list, Filecoin (FIL) has been benefitting from the recent flip in market sentiment. Today&#8217;s market data shows that Ethereum, the market&#8217;s top altcoin, is up 1% in the daily time frame. Investors in crypto, however, took this as a bullish signal, prompting the DeFi market to increase 2% in the daily. This led to the market of DeFi tokens to reach nearly $52 billion. Related Reading: Stacks (STX) Survives Market Massacre Of Top 100 Cryptos With 40% Rally Source: Coingecko Storage-related tokens like Filecoin also climbed due to the major cryptos&#8217; recent market movement. CoinGecko data reveals that the combined market cap of all storage-related tokens grew by a percent in the past 24 hours with a trade volume of $602 million. Filecoin On-Chain Dev Ramps Up The Filecoin storage ecosystem is already being utilized by many organizations to store their data in a decentralized manner. However, this will be a growing list in the near future as the ecosystem plans to launch the Filecoin EVM, a Filecoin-native instance of the Ethereum Virtual Machine.\u00a0 The Ethereum Virtual Machine, a.k.a EVM, is an execution environment that runs directly on the Ethereum blockchain. It is an essential tool for building dApps and creating smart contracts. With the EVM being the first virtual machine to run on top of a known blockchain, it has amassed a strong developer base which improves it by the day. Did you hear? The #Filecoin EVM (FEVM) launch is closer than you think \ud83d\ude09 After the completion of the calibrationnet upgrade earlier today, FEVM is on track to bring smart contracts &amp; user programmability to Filecoin mainnet on March 14th, 2023! \ud83d\udcc5 \ud83d\udc49 https:\/\/t.co\/CMjBDN5Idz pic.twitter.com\/AdoblUk19R \u2014 Filecoin (@Filecoin) February 22, 2023 The Roll-Out Of FEVM The launch of the Filecoin EVM would expand the reach of the ecosystem to EVM-specialized developers, strengthening Filecoin&#8217;s position in the crypto space. The FEVM would bring the EVM&#8217;s tools which would enable developers to port smart contracts to the Filecoin blockchain or write Solidity-based SCs which is the EVM&#8217;s main coding language. There are pros and cons with using the FEVM. One of the advantages of using the FEVM is the mature tooling the underlying Ethereum Virtual Machine has which is already well-known and liked by developers. However, gas fees for using the FEVM is high with lower performance due to the virtualization overhead. Nonetheless, this would increase the popularity of Filecoin in the coming years once the ecosystem&#8217;s native runtime environment for the EVM launches. FIL total market cap at $2.7 billion on the daily chart | Chart: TradingView.com Related Reading: AI-Powered SingularityNET (AGIX) Beats Rivals In Top 100 Coin Listing With 32% Gain At $6.92, Where Is Filecoin Headed? At the time of writing, FIL was trading at $6.92, with the token having a crucial support at $4.84. FIL bulls can also take advantage of the token&#8217;s high correlation with Bitcoin and Ethereum which are leading the market&#8217;s sentiment flip from negative to positive. FIL bulls are hoping to push the token up to the $9 level in the next few days. If this happens, the bulls may find themselves with enough momentum to test $10 in the short to medium term.\u00a0 -Featured image from Pest Pointers<\/p>\n","protected":false},"author":557,"featured_media":521564,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,1969,83425,83424,3505],"class_list":["post-521556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-evm","tag-fil","tag-filecoin","tag-price-analysis"],"acf":[],"yoast_head":"\n<title>Bears Lose Grip On Filecoin As Market Sentiment Flips Positive<\/title>\n<meta name=\"description\" content=\"At the time of writing, FIL was trading at $6.92, with the token having a crucial support at $4.84.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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Encila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"caption\":\"Christian Encila\"},\"description\":\"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bears Lose Grip On Filecoin (FIL) As Market Sentiment Flips Positive","url":"http:\/\/uniquehot.com\/news\/bears-lose-grip-on-filecoin-fil\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bears-lose-grip-on-filecoin-fil\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-4.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-4.png?fit=746%2C499"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","evm","fil","filecoin","price analysis"],"dateCreated":"2023-03-02T08:50:32Z","datePublished":"2023-03-02T08:50:32Z","dateModified":"2023-03-02T08:50:32Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bears Lose Grip On Filecoin (FIL) As Market Sentiment Flips Positive\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bears-lose-grip-on-filecoin-fil\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bears-lose-grip-on-filecoin-fil\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/a-4.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/a-4.png?fit=746%2C499\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"evm\",\"fil\",\"filecoin\",\"price analysis\"],\"dateCreated\":\"2023-03-02T08:50:32Z\",\"datePublished\":\"2023-03-02T08:50:32Z\",\"dateModified\":\"2023-03-02T08:50:32Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-4.png?fit=746%2C499","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/521556"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=521556"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/521556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/521564"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=521556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=521556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=521556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}