Filecoin Gains 39% Leading Theta On Several Platforms

In the CoinMarketCap rating, Filecoin (FIL) is ranked 16th, and its price soared by as much as 40%. According to Chinese blockchain journalist Colin Wu, several data aggregators have shown that FIL has surpassed Theta in market capitalization. As a reminder, last week Theta entered the top ten crypto assets.

Last week, March 17, Grayscale Investments, affiliated with Barry Silbert, announced the launch of five new cryptocurrency trusts based on popular altcoins – FIL, MANA, BAT, LINK and LPT. Several of these coins have seen gains in the past week. Filecoin surged more than 40 percent on March 27, rising from $96 to a new all-time high of $139. At the time of this writing, the altcoin price was $127.87.

Among the reasons for the rapid rise in the price of the token, the Chinese journalist named testing of the dual mining of Filecoin and Livepeer, cooperation with Chainlink and listing of similar projects of decentralized data storage on Coinbase Ankr and Storj. According to Filfox, the storage capacity on the platform is 3.6 bln gigabytes. The platform has 1,718 active miners, of which only the three largest have a share in the network's capacity exceeding 2%.

Image: Medium