Long

Filecoin / FIL & FVM

Updated

Filecoin rose sharply on Friday but why? The jump fueled social media excitement about the blockchain’s March 1 launch of its Filecoin Virtual Machine aka FVM, a software platform that will introduce smart contracts and enable developers to design decentralized applications on the Filecoin network.the coin’s price jumped from $5.4 at 10:00 UTC to a high of $8 at around 5 22:00 UTC.
Filecoin announced that it will launch smart contracts in Mar'23, making it a fully-fledged L1. FIL rose by 23% in 24 hours. There are currently 3,785 active miners on the Filecoin network, storing 18.767 EiB of information, and staking 134,023,969 FIL.

The price of FIL is $9.19 today with a 24hour trading volume of 1.2 billion dollar. This represents a 22% price increase in the last 24 hours and a 80% price increase in the past 7 days

FIL saw an increase in open interest rate, denoting increased demand and bullish sentiment in the futures market.
next targets for Fil are 9.5 and 9.9$ and stop loss at 8$

Note

FIL.BTC

Note

In the past 24h, the transaction volume of FIL U-perpetual contracts reached 4.92b, an increase of 160%, second only to BTC and ETH, of which the liquidation amount reached 7.88m. The current open interest of the FIL contract is 293m, and the price once reached $9.5 yesterday

Note

The Filecoin (FIL) network upgrade will take place at the Epoch 2,683,348, or approximately at 2023-03-14 15:14 (UTC). As of March 14th, develpers are able to deploy EVM smart contracts (and more) on the Filecoin network.

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Filecoin announced that its FVM has been successfully launched. Starting from epoch 2,683,348 (3:14PM UTC on March 14), the Filecoin blockchain can already support smart contracts and user programmability

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Trade closed: target reached

what a rug
closed my short

Trade active

Fil army gets ready

Trade closed manually

what a waste
99% down since ATH

Trade active

moonypto

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