Although that the markets are falling, this October 15, the increase was seen in the price of Filecoin after its launch on the market.

After the irregularities and fluctuations seen yesterday, the price of Bitcoin (BTC) partially stabilizes again, and it is trading at about USD 11,378 at the time of publication, registering a slight fall equivalent to 0.2% in the face of the seen in the last 24 hours.

In the CriptoMercados graphs, yesterday’s surprise took place in the morning, since just 30 minutes the digital currency registered a significant peak in the main markets, reaching a maximum price equivalent to about USD 11,532 per unit. After this increase, its price fell again, reaching lows close to USD 11,315 by 3:00 pm (New York time) and recovered in the following hours.

However, as of 4:00 am on October 15, the price falls again below USD 11,400 until it reaches a minimum of USD11, 313. From this moment, its price began to rise to the levels from before.

As for the sudden increase in the price of the digital currency, this coincided with important peaks in the levels of the Hash present in the Bitcoin network, while the fall in prices seems to be associated with the fact that the financial incentives considered by the US government for residents, apparently will not take place before the presidential elections scheduled for next November 3.

Faced with all this panorama and the fact that the market registers around USD 26,513 million in commercial operations, our actionable signals service maintains a neutral position, so it is recommended to pay attention to the evolution of the ecosystem in the next few hours to have a clearer perspective concerning the evolution of the price.

All the followers of this report found surprisingly that the Filecoin (FIL) token, a digital currency belonging to the project of the same name, registered a bigger increase of more than 260% in the last 24 hours.

Filecoin is a project that recently was in the development phase and was officially launched today on the mainnet. Its main purpose is the storage of data in the cloud, differentiating itself from services such as Amazon or Google since this is carried out in a decentralized way, serving as a support to save large amounts of information that are and will be of importance to humanity in the next decades.

The project is under the direction of Juan Benet, a renowned North American scientist, creator of the Interplanetary File System (IPFS). Originally Filecoin launched its ICO in 2017 raising around USD 205 million in crypto funds, and although its launch was planned for last year, it was extended until October 2020 to polish certain important technical aspects.

As well as for its price, the token is trading at about $ 114.91 at the time of publishing, increasing more than 260% from its launch price. Following these announcements, major exchanges such as Binance, Gemini, KuCoin, Kraken, and Huobi have already announced that they will incorporate the FIL token into their commercial listings in the next few hours.

 The Winning and losing of cryptocurrencies set in places this October

Beyond the surprise of the day at the hands of Filecoin, among the currencies with the most pronounced increases and falls, the following cases stand out:

The second and third places are occupied by the tokens ABBC and HIVE. The first case registers an increase of 40% while the other currency capitalizes gains higher than 11% in the last 24 hours. Again AirSwap (AST) is among the main losers of the day, falling more than 16% compared to yesterday. It is followed by the DIA token with losses of over 14.7%, while UNI ranks third among the steepest declines with 13.4%.

By: Jenson Nuñez.



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