HomeTechFilecoin's Value Surges Amid Flat Cryptocurrency Market

Filecoin’s Value Surges Amid Flat Cryptocurrency Market

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Filecoin’s value surges by 2.3% as the CoinDesk 20 index trades flat, with Polygon also showing significant gains.

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CoinDesk 20 Performance Update: Filecoin (FIL) Gains 2.3% as Index Trades Flat

The CoinDesk 20 is currently trading at 2446.91, up 0.1% (+2.11) since 4 p.m. ET on Thursday.

Top Performers in the CoinDesk 20 Index

Six of 20 assets are trading higher today, with Filecoin (FIL) leading the gains at 2.3%. Polygon (POL) is also a top performer, gaining 1.4% from Thursday’s close.

DATACARD
What is Filecoin?

Filecoin is a decentralized storage network that allows users to rent out their excess hard drive space.

It uses a proof-of-rental (PoR) consensus algorithm, which incentivizes participants to store and retrieve data efficiently.

Filecoin's native cryptocurrency, FIL, is used for transactions on the network.

The platform aims to create a global, decentralized storage solution that provides secure and reliable data storage.

Leaders: FIL and POL

  • FIL (+2.3%)

market,index,filecoin,coins,cryptocurrency,performance

  • POL (+1.4%)

Laggards in the CoinDesk 20 Index

On the other hand, six assets are trading lower, with APT experiencing the largest decline at -5.0%. AAVE follows closely behind, down by 2.6%.

Laggards: APT and AAVE

  • APT (-5.0%)

  • AAVE (-2.6%)

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. For the latest updates and charts, visit our CoinDesk Indices .

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