After a week of significant gains and a key partnership announcement, investors are watching to see how FIL absorbs a recent daily price correction.
Filecoin posts major weekly gains
Filecoin (FIL) recorded a
↗72%
price increase over the last week, significantly outperforming its Layer 1 category's average weekly loss of
↘8%
. This performance made it the #2 ranked asset in the category for weekly price changes.
Price pulls back in recent trading
Despite the strong weekly performance, FIL saw a
↘9%
price decline in the last 24 hours. Trading activity remained high, however, with FIL ranking 5th for volume in its category.
Filecoin expands storage features with a new partnership
This price action comes as the project announced an ecosystem expansion, launching an S3 storage layer through a new partnership with Akave
.