Ethereum

2024

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Filecoin

<p>The post <a href="https://coinpedia.org/news/here-is-why-filecoin-fil-surges-19-in-24hr-outshining-major-ethereum-competitors/">Here Is Why Filecoin (FIL) Surges 19% In 24hr, Outshining Major Ethereum Competitors</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Filecoin (FIL), the cryptocurrency powering the decentralized storage platform is making headlines with a notable 19% surge in the past 24 hours, <a href="https://markets.coinpedia.org/filecoin/">reaching $7.89</a>. This surge adds to its impressive weekly gains of over 43% and a substantial monthly increase of nearly 54%.</p> 
<h2 class="wp-block-heading" id="h-anatoly-yakovenko-s-endorsement-nbsp">Anatoly Yakovenko’s Endorsement&nbsp;</h2> 
<p>A major factor contributing to Filecoin’s recent success is the endorsement it received from Anatoly Yakovenko, co-founder of the Solana protocol.&nbsp;</p> 
<p>A significant catalyst for Filecoin’s recent uptrend can be attributed to the endorsement it received from Anatoly Yakovenko, the co-founder of the Solana protocol. Yakovenko recently shared his insights on X, recognizing Filecoin’s technological advancements.&nbsp;</p> 
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   <p lang="en" dir="ltr">Little remembered fact, but the original archiver design for <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw">@solana</a> was based on some of the proofs from <a href="https://twitter.com/Filecoin?ref_src=twsrc%5Etfw">@filecoin</a>’s original white paper. But filecoin and other folks were making so much progress on both r&amp;d and implementation that it seemed like a duplicate effort to do our…</p>— toly 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@aeyakovenko) <a href="https://twitter.com/aeyakovenko/status/1759672902751019394?ref_src=twsrc%5Etfw">February 19, 2024</a>
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<p>He further highlighted that Solana’s original archiver design was influenced by concepts from Filecoin’s white paper. This acknowledgment has substantially raised Filecoin’s reputation in the decentralized cloud storage protocol space.</p> 
<h2 class="wp-block-heading" id="h-filecoin-s-strategic-collaborations"><strong>Filecoin’s Strategic Collaborations</strong></h2> 
<p>Anatoly Yakovenko’s endorsement is not an isolated event but part of Filecoin’s broader strategy. The platform has strategically integrated with Solana, aiming to improve accessibility to its data services.&nbsp;</p> 
<p>Moreover, Filecoin is actively engaging in partnerships with various protocols, including Ethereum. The <a href="https://twitter.com/Filecoin/status/1635707075983540225">introduction</a> of the Filecoin Virtual Machine (FVM) in the past year has empowered developers to seamlessly create applications that interact with Ethereum’s blockchain.&nbsp;</p> 
<p>Meanwhile, these collaborative efforts play a pivotal role in Filecoin’s recent success and its positioning for continued growth in the competitive cryptocurrency landscape.</p> 
<h3 class="wp-block-heading" id="h-potential-for-growth">Potential for Growth</h3> 
<p>While Filecoin is experiencing a surge, it’s noteworthy that it still trades below its all-time high <a href="https://coinpedia.org/price-analysis/filecoin-price-prediction-buyers-pick-12-as-fil-price-target/">(ATH) of $237.24</a>. Despite this, the ongoing rally, fueled by industry recognition and strategic collaborations, positions Filecoin for potential growth</p>

Here Is Why Filecoin (FIL) Surges 19% In 24hr, Outshining Major Ethereum Competitors

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