Filecoin has undergone a strong drop since its all-time highs above $100 set on its launch date earlier this month. The <span class="wpg-tooltip-term-title">Coin</span></h3><div class="wpg-tooltip-content">A coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens which have the potential of software being built with them.<p class="wpg-read-more"><a href="https://www.newsbtc.com/dictionary/coin/">» Read more</a><p></div>”>coin currently trades for $25, 75% below those highs.
Despite this drop, buyers seem to be stepping back in. The <span class="wpg-tooltip-term-title">Coin</span></h3><div class="wpg-tooltip-content">A coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens which have the potential of software being built with them.<p class="wpg-read-more"><a href="https://www.newsbtc.com/dictionary/coin/">» Read more</a><p></div>”>coin is up 25% in the past 24 hours, making it the best-performing digital asset in the top 100 by a long shot. For context, Bitcoin is only up by 1.5% in the past 24 hours while Ethereum has gained closer to 3%.
Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom
Filecoin Surges 25%
FIL has gained 25% in the past 24 hours alone, pushing $26 after falling towards $20 and under that pivotal level just a day or two ago. The <span class="wpg-tooltip-term-title">Coin</span></h3><div class="wpg-tooltip-content">A coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens which have the potential of software being built with them.<p class="wpg-read-more"><a href="https://www.newsbtc.com/dictionary/coin/">» Read more</a><p></div>”>coin has strongly outperformed many altcoins over the past day after falling 75% in the span of a week.
