Latest news with #Filecoin
Yahoo
2 days ago
- Business
- Yahoo
Filecoin Plunges 6% On Heavy Volume, Breaks Technical Support at $2.52 Level
Filecoin FIL underwent a notable 5.8% decline over the 24-hour period, dropping from a high of $2.569 to a low of $2.406, according to CoinDesk Research's technical analysis model. The token found support at the $2.41-$2.42 range, forming a potential consolidation zone after the sharp decline, the model showed. Filecoin is currently trading 4.9% lower, around $2.425. The broader market gauge, the CoinDesk 20 was 2% lower at publication time. Technical Analysis: FIL-USD underwent a notable 5.8% decline over the 24-hour period, dropping from a high of $2.569 to a low of $2.406. Heavy selling pressure occurred between 22:00-00:00 UTC when volume spiked to over 7 million units. The token found support at the $2.41-$2.42 range, forming a potential consolidation zone after the sharp decline. Technical analysis reveals a breakdown of the $2.52 support level that had previously held during the first half of the period. Resistance is now established at $2.56, where multiple rejection wicks formed before the downtrend accelerated. The high-volume selling suggests institutional distribution and potential further downside unless buyers can reclaim the $2.45 level. In the last hour, FIL-USD demonstrated notable volatility with a recovery attempt from the previous correction. Price action formed a V-shaped pattern, initially dropping to a low of $2.411 before staging a significant rally to reach $2.427 Volume peaked during the upward movement at over 55,000 units traded, suggesting strong buying interest at support levels. The asset has since consolidated between $2.415-$2.418, establishing a potential short-term horizontal support zone. Multiple rejection wicks formed at the $2.420 resistance level. This price action indicates potential stabilization following the earlier decline, though modest volume in the final minutes suggests caution before confirming a trend reversal. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
7 days ago
- Business
- Zawya
Is BlockDAG the best Crypto to invest in?
The crypto market offers a wealth of investment opportunities, and it's essential for investors to focus on coins with strong growth potential and real-world applications. Among the top crypto to invest in today, BlockDAG stands out due to its innovative hybrid architecture, which combines Directed Acyclic Graph (DAG) and Proof-of-Work (PoW) technology. Contents1. BlockDAG: A Hybrid Solution for Scalability and Security2. Litecoin: A Long-Standing Player with Consistent Growth3. Filecoin: A Decentralized Storage Solution with Huge Potential4. Uniswap: The Leading Decentralized ExchangeA Diverse Portfolio of Top Crypto to Invest In Additionally, projects like Litecoin, Filecoin, and Uniswap continue to play pivotal roles in the crypto ecosystem. In this article, we'll dive into why BlockDAG, alongside other key players, is one of the best investments today. 1. BlockDAG: A Hybrid Solution for Scalability and Security BlockDAG is one of the top crypto to invest in due to its unique combination of DAG and PoW consensus. This hybrid model addresses the scalability issues that often hinder traditional blockchains. By allowing transactions to be processed simultaneously rather than sequentially, BlockDAG dramatically reduces confirmation times and enhances throughput. This architecture makes it well-suited for high-traffic applications and ensures network integrity through the PoW mechanism, which secures transactions by requiring miners to solve complex mathematical puzzles. One of the exciting aspects of BlockDAG's ecosystem is the X1 Miner App, which enables users to earn BDAG coins through daily taps. This app uses a gamified engagement model that makes it easy for users to participate in the presale token distribution. It provides simple onboarding for new users, allowing them to easily tap into the BDAG ecosystem without needing to be tech-savvy. As the presale continues, BlockDAG has already raised nearly $300 million, with over 22.4 billion coins sold. With a limited-time offer price of $0.0018 till June 13th, the current batch price is $0.0276, giving new investors a great opportunity to enter the market. Since batch 1, BDAG has seen an outstanding ROI of 2,660%, which showcases its remarkable growth potential. 2. Litecoin: A Long-Standing Player with Consistent Growth Litecoin (LTC) has long been regarded as one of the most stable and trusted cryptocurrencies, making it another top crypto to invest in. Created by Charlie Lee in 2011 as a 'lighter' version of Bitcoin, Litecoin uses a similar Proof-of-Work consensus but with faster block generation times. This enables quicker transaction confirmations and makes it a popular choice for users and merchants who require efficient and reliable transactions. While Bitcoin remains the dominant player in the market, Litecoin's lower fees and faster processing times have helped it maintain its position as one of the leading altcoins. It is widely used for everyday transactions and continues to be supported by a strong community. As an established cryptocurrency, Litecoin has seen steady growth, making it a solid investment choice for those looking for a more reliable, long-term asset. While it may not offer the same explosive potential as some newer cryptocurrencies, its stability and track record make it an attractive choice for investors who value consistency. 3. Filecoin: A Decentralized Storage Solution with Huge Potential Filecoin (FIL) presents a different kind of investment opportunity. Rather than focusing solely on payments or smart contracts, Filecoin provides a decentralized storage network. This network allows users to rent out unused storage space, effectively transforming personal storage into a profit-generating asset. Filecoin's decentralized nature ensures that data remains secure, private, and accessible without the need for centralized third-party services. The growing demand for cloud storage, coupled with Filecoin's innovative approach, positions it as one of the top crypto to invest in. With major partnerships and the continuous adoption of decentralized technologies, Filecoin has the potential to become a fundamental infrastructure piece in the blockchain ecosystem. As more companies and individuals seek to leverage decentralized storage, Filecoin's value could rise, making it an attractive investment for those seeking exposure to the future of data storage. 4. Uniswap: The Leading Decentralized Exchange Uniswap (UNI) has established itself as the leading decentralized exchange (DEX) on the Ethereum blockchain, making it one of the top crypto to invest in. Unlike traditional exchanges that rely on centralized intermediaries, Uniswap allows users to trade cryptocurrencies directly from their wallets through liquidity pools. This decentralized model provides more control to users and eliminates the need for third-party custodians, offering greater security and privacy. Uniswap has seen tremendous growth in recent years, fueled by the increasing demand for decentralized finance (DeFi) applications. As the DeFi ecosystem continues to expand, Uniswap's role as a key player in decentralized trading will likely become even more prominent. With a strong development team and the backing of the Ethereum ecosystem, Uniswap's growth potential remains high. Investors looking for exposure to the booming DeFi sector should consider Uniswap as a prime candidate. A Diverse Portfolio of Top Crypto to Invest In When considering the top crypto to invest in today, it's important to diversify across different sectors of the market. BlockDAG's hybrid DAG + PoW architecture offers a unique solution for scalability and security, while the X1 Miner App adds an interactive element to the presale. Litecoin provides stability and reliable transaction processing, making it a safe choice for long-term investors. Filecoin presents an innovative storage solution with huge potential in the decentralized storage space, and Uniswap leads the way in decentralized trading. Each of these cryptocurrencies offers distinct advantages, and combining them can create a well-rounded portfolio. Whether you're looking for growth, stability, or exposure to new technologies, these coins provide various opportunities for investors. By considering these top crypto options, investors can make informed decisions and position themselves for success in the ever-evolving cryptocurrency market. Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
Yahoo
11-06-2025
- Business
- Yahoo
Filecoin Rises 3.6% After Establishing Support Zone Around $2.68
Filecoin FIL has established a higher trading range amid significant market volatility, with multiple price bounces confirming support levels around $2.68-$2.69, according to CoinDesk Research's technical analysis model. The token is currently 3.6% higher over 24 hours, trading around $2.755. The price action comes as ether ETH whales return to the market, potentially signaling the start of renewed interest in alternative cryptocurrencies. The broader market gauge, the CoinDesk 20, was 0.8% higher at publication time. Technical Analysis: FIL-USD demonstrated resilient price action over the 24-hour period, establishing a trading range of 2.642-2.735 (3.52% range). Notable support at 2.680-2.690 confirmed by multiple bounces. The 12:00 hour marked a pivotal moment with exceptional volume (4.12M), more than double the period average. Bullish momentum maintained through subsequent hours, with price consolidating above 2.710. In the last hour, FIL-USD exhibited notable volatility with a significant price swing, reaching a peak of 2.735 at 13:28 before dropping to 2.713 by 13:32. The slip coincided with the highest volume spike of the period (104,483 units), suggesting strong selling pressure at resistance levels. Asset has since established a consolidation pattern between 2.718-2.722, with multiple tests of support around 2.718 showing buyer interest. Sign in to access your portfolio
Yahoo
05-06-2025
- Business
- Yahoo
Filecoin Tumbles 5% After Breaking Below Key Support Level at $2.54
Filecoin FIL has broken below a critical support level at $2.54, dropping 4.87% in 24 hours amid accelerating bearish momentum, according to CoinDesk Research's technical analysis model. The move comes as the broader market gauge, CoinDesk 20 Index, fell 2.6% in the last 24 hours. The cryptocurrency's recent price action reflects broader market uncertainty as investors navigate complex global economic conditions and reassess risk exposure across both traditional and digital asset classes. Technical Analysis: Price declined from $2.62 to $2.50, representing a range of $0.127 (4.87%) over 24 hours. Notable volume spikes occurred during the 07:00 and 13:00 hours, with the latter coinciding with a sharp rejection at $2.55 resistance level, confirming selling pressure. The cryptocurrency broke below the critical $2.54 support zone that had previously held during multiple tests, suggesting further downside potential. In the last hour, FIL continued its bearish trajectory, plummeting from $2.55 to $2.50, representing a 1.95% decline. Brief consolidation attempt around $2.55 during the first 15 minutes was followed by a sharp breakdown at 13:31. Significant selling pressure occurred at 13:45, where a high-volume candle (108,967 units) drove prices down by nearly 1%. Multiple attempts to form support around $2.51 failed, with each bounce meeting selling pressure. Momentum indicators point to continued weakness with further downside potential toward the $2.48-$2.45 range. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Zawya
05-06-2025
- Business
- Zawya
Don't regret missing the 3 best Altcoins to buy in May 2025—real use cases and growth forecasts!
Have you been grappling with the nagging question: What are the best altcoins to buy in May 2025? As the crypto market's volatility throws up fresh opportunities, many search for digital assets with real-world applications and solid growth potential. While everyone's chasing the next moonshot, three altcoins are pulling away from the noise — each with distinct features, genuine use cases, and bullish forecasts. Qubetics ($TICS) is here as the top performer among established cryptos. Contents1. Qubetics ($TICS): Seamless Interoperability Across BlockchainsHow Qubetics Solves the Interoperability PuzzleReal-World Scenarios with Qubetics InteroperabilityThe Numbers That Matter2. Filecoin (FIL): The Decentralised Storage Revolution3. Solana (SOL): Lightning-Speed Transactions for Web3Conclusion: Don't Fumble—Secure the Best Altcoins to Buy in May 2025!For More Information:Frequently Asked Questions From Qubetics' all-encompassing interoperability promise to Filecoin's storage revolution and Solana's blazing speed, these coins could be the golden tickets for early adopters in the coming months. Let's explore why these coins stir excitement and reshape the crypto narrative. 1. Qubetics ($TICS): Seamless Interoperability Across Blockchains Ever felt locked out when your crypto wallet doesn't connect to the dApp you need? Or faced sky-high fees and sluggish transactions trying to move assets across chains? Qubetics ($TICS) aims to tear down those barriers, delivering a blockchain network where interoperability isn't just a buzzword—it's a living, breathing reality. How Qubetics Solves the Interoperability Puzzle Qubetics' Layer 1, Web3 aggregated chain is built to unify Bitcoin, Ethereum, and countless other blockchains. No more jumping through hoops or relying on third-party bridges introducing security risks. Qubetics uses advanced technology and chain abstraction to let assets and data flow freely across networks. Think of it as a universal adapter for the digital world, opening up endless possibilities for businesses and individuals alike. For instance, imagine a small e-commerce business that wants to accept crypto payments from any blockchain — Qubetics makes this seamless. Or a freelancer who wants to get paid in different tokens but track it all in one wallet — Qubetics has that covered. Even a financial institution that intends to tokenise assets and provide cross-border payments without jumping between incompatible systems can do it smoothly with Qubetics. Real-World Scenarios with Qubetics Interoperability A travel agency can use Qubetics to accept Bitcoin, Ethereum, or stablecoin payments—no more converting funds at expensive rates. A global supply chain firm can track shipments across multiple chains in real time, cutting overhead and eliminating tedious reconciliations. Content platforms can pay creators in any crypto of their choice, without them waiting hours for bridges to confirm. Even real estate firms can effortlessly manage transactions across different chains, removing barriers that previously slowed down deals. For community members and early adopters, this isn't just about convenience—it's about a digital economy that finally connects different blockchains into one seamless experience. The Numbers That Matter Currently in its 36th stage, the Qubetics crypto presale has already seen over 514 million tokens snapped up by more than 27,300 holders, raising over $17.5 million. Buyers can still get in at $0.3064 per $TICS token before the price climbs 10% to $0.3370 in the next stage on June 1st, 2025. Analysts see $TICS surging to $1 after the presale for a 226% ROI, hitting $5 for a 1,531% ROI, or reaching $10 and even $15 at mainnet launch for up to a 4,794% ROI. Let's break this down with a real investment scenario. Today's $1,500 buy at $0.3064 per token would snag about 4,895.57. If $TICS hits $10, that's $48,955. If it jumps to $15, the total value would soar to $73,433. These numbers have crypto enthusiasts buzzing with anticipation. Why did Qubetics shine bright among the best altcoins to buy in May 2025? Because it's more than a crypto—it's the backbone of a blockchain world where seamless interoperability finally works for everyone. 2. Filecoin (FIL): The Decentralised Storage Revolution Filecoin (FIL) is rewriting how we store and secure data in the digital age. In a world grappling with centralised servers and privacy concerns, Filecoin's decentralised storage marketplace offers a fresh, democratic approach. It lets anyone rent out spare storage space while enabling developers and businesses to access a resilient, censorship-resistant storage network. In 2025, Filecoin's roadmap includes upgraded retrieval markets and improved retrieval speeds, making it even more attractive for projects that need robust, scalable data storage. This push towards faster, more secure storage solutions has driven FIL's steady adoption among Web3 builders and enterprises. Why has Filecoin secured its spot among the best altcoins to buy in May 2025? Because it offers a critical backbone for the decentralised web and demands real-world data. 3. Solana (SOL): Lightning-Speed Transactions for Web3 Solana (SOL) has become a byword for speed and scalability in the blockchain world. Known for processing over 65,000 transactions per second, Solana's ultra-low fees make it a magnet for DeFi, NFT, and gaming applications. It's what's powering some of the most innovative dApps today. Recent updates to Solana's validator program have reinforced network security and stability, boosting confidence in the platform's long-term viability. Its ecosystem is vibrant, and with growing institutional interest, Solana looks set to remain a key player in the fast-evolving crypto market. Why did Solana earn a mention in the best altcoins to buy in May 2025? Because it's a proven workhorse in the crypto space, transactions are made as smooth as they should be. Conclusion: Don't Fumble—Secure the Best Altcoins to Buy in May 2025! Looking at current data and market insights, Qubetics ($TICS), Filecoin (FIL), and Solana (SOL) stand out as the best altcoins to buy in May 2025. These tokens offer a compelling mix of cutting-edge technology and real-world utility. But it's Qubetics that's turning heads with its promise of interoperability and sky-high potential for early adopters. With Qubetics' crypto presale heating up, backers and buyers are snapping up $TICS at the current price before it jumps 10% over the weekend. This could be the last chance to grab $TICS at under 31 cents — before the token's surge changes the game for those ready to bet on blockchain's future. For anyone scanning the market for promising altcoins, these three names deserve a close look. Do your research, but don't sleep on the potential of Qubetics — it might just be the next chapter in your crypto journey. For More Information: Qubetics: Presale: Telegram: Twitter: Frequently Asked Questions 1. How does Qubetics differ from other blockchain networks? Qubetics combines chain abstraction and EVM compatibility to deliver true interoperability across blockchains like Bitcoin, Ethereum, and beyond. 2. Is Qubetics secure for cross-border transactions? Yes. Qubetics ensures businesses' privacy and regulatory compliance while enabling near-instant settlements using $TICS. 3. What is the price forecast for $TICS in the coming months? Analysts predict $TICS could surge to $1 after the presale, reaching $15 at mainnet launch. 4. How does Filecoin benefit developers and businesses? Filecoin provides a decentralised storage network, offering a secure, scalable alternative to centralised storage systems. 5. What makes Solana appealing to dApp builders? Its high transaction speed and low fees make it a top choice for DeFi, gaming, and NFT projects. 10 Best Keywords/Keyphrases in this article: best altcoins to buy for May 2025, crypto presale, Qubetics interoperability, Qubetics presale stage, Qubetics $TICS price, Filecoin FIL price forecast, Solana SOL ecosystem, altcoins 2025, blockchain interoperability, real-world use cases in crypto.
