Filecoin (FIL) Price Up 65%, Is China Narrative Making It Outperform Major Crypto?

With Hong Kong’s recent crypto announcement, many native tokens of shared storage protocols have soared over the past week. Decentralized storage network Filecoin’s native token $FIL has been rapidly rising due to the anticipated launch of FVM, soaring from just above $5 a week ago to $8.47 on Wednesday, a more than 65% gain, according to CoinMarketCap data.