FIL Surges 118% after Being Listed

News • 2020/10/19 • by

Yesterday, FIL started exchanging on significant trading firms three years after its ICO.

FIL token finally picks momentum after three years since the initial coin offering. The massive price pull up comes after the cryptocurrency exchanges show interest in listing the altcoin that launched its initial coin offering in 2017.

Credit: Tradingview.com

Major Updates:

After being listed, the coin is exchanged at different prices through numerous trading firms.
Traders explaining the surge for Filecoin and DOT as the start of an alt boom may be let down.
Moments after trading started, major crypto trading firms, including Binance, FTX mentioning they would quickly register the altcoin.
Hence, the coin witnessed notably disparate costs through platforms because of a combination of restricted supply & liquidity.
Moments after FTX listing, Filecoin's future deals made $150 million in trade quantity.

In the past, Q4 has been pretty set back for the whole cryptocurrency market, and in the last two years, Bitcoin has witnessed losses against the dollar in the fourth quarter.

What do you think of Filecoin rally? Let's discuss in the comments.

Source: Cointelegraph.

Comments (5)

Guest

exodusab

6 years ago

Upon listing, the token traded at wildly different prices across multiple exchanges and while the premium shows there is still an appetite for altcoins, investors interpreting the rallies from FIL and Polkadot (DOT) as the beginning of an altseason may be disappointed.

visiblemoney

6 years ago

Filecoin rally is a good development for most crypto enthusiasts that have lost hope in the ICOs that went oblivion after they invested money in the past years. The ground breaking record of FIL is a great game changer after three years on launching. I think this success story might encourage more dormant or dead ICO coins to come alive again henceforth. As for the 4th Quarter usual crypto deficient performance by historical record, I believe that 2020 experience shall be different as the world have been subscribing to increasing crypto programs like Defi, Yearn yielding, lending and others which are making use of Bitcoin it its wrapped form.