Filecoin capitalization skyrocketed amid launch of mainstream networks the project
Filecoin’s decentralized platform has made a splash in the DeFi segment by announcing the launch of its mainnet
Gemini attracts clients with FIL / USD pair
Filecoin price skyrocketed by 140%
International consortium news organizations, developing transparency standards.
Filecoin decentralized storage platform made a splash in the segment DeFiDecentralized finance (DeFi) is a blockchain-based financial services offering users access towards an open, efficient and… More, announcing the launch his main network, which investors waited three years. but the participants market warn that market capitalization came out beyond reasonable limits
Gemini founder Cameron Winklevoss reported that Now trading in the FIL / USD pair is available on the exchange, focusing on the fact that today’s day this is the only such pair in the world. At the time of this writing growth prices FIL was more 140%.
Indeed, according to CoinMarketCap, others exchanges, that list Filecoin offer FIL trading in pairs with USDT, BTC, CNYT and PERP. Traded volumes on Gemini, according to the latest data, were $ 321,691, and the turnover of the FIL / USDT pair on Gate.io reached $ 12.4 million.
Flashback from the past
The decentralized finance segment on its own is an a fast growing market, however, in the case of Filecoin itself, there is a connection with the ICO the project in 2017 year, when company managed to raise $ 200 million.
The mainnet launch, which took place today, October 15, revived the enthusiasm around the project after numerous delays that kept investors in a position weary expectations. Delays in the launch, it seems, were linked to the pandemic that disrupted mining in China.
Along with the hype coin FIL has received a lot of criticism. Before Total, many are confused by the huge “totally diluted market capitalization “coin. Here’s how diluted capitalization is explained in blog.nomics.com:
An attempt to normalize circulating supply by measuring market capitalization at a certain moment in the future in a sufficiently distant future that can was to compare with the current volume of supply assets.
For comparison – the current capitalization bitcoin and Ethereum is $ 211 billion and $ 42 billion, respectively.
Both Filecoin itself and storage in blockchain in the whole are at the beginning of their journey. Listed by Gemini, Filecoin is not the only project such kind. For example, the exchange also supports Storj Labs, which the he calls himself “a convenient, affordable and secure decentralized cloud for storage “.
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