Following a significant weekly price surge, market attention is turning to whether Filecoin's high trading activity and a new storage partnership will support prices through recent short-term volatility.
Filecoin leads its category with major weekly gains
FIL's price surged
↗82%
over the past week, strongly outperforming the average decline of
↘8%
for similar cryptocurrencies. The asset also gained
↗28%
over the last month, while its category average fell
↘19%
.
High trading volume seen amid daily price swings
Despite a recent daily price drop of
↘10%
, FIL's trading volume remains robust, ranking in the top five for its category. The asset showed short-term volatility with an hourly price increase of
↗11%
.
New partnership adds storage features
Filecoin's ecosystem expanded with the launch of an S3 storage layer, developed through a partnership with Akave
.