Crypto Prices Today: Filecoin (FIL) Up, VeChain (VET) Up, Orbeon Protocol (ORBN) Hits New High
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Filecoin (FIL) was one of the best performing cryptocurrencies of January and February. Its value tripled over sixty days, hitting highs of $9.19. VeChain (VET) is also up, increasing from $0.015 to $0.031. Meanwhile, Orbeon Protocol (ORBN) has hit a new all-time high of $0.0835, making one of the highest return presales in the market.
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Filecoin (FIL) is designed as a DeFi alternative to traditional storage methods. Instead of using a cloud system, people can use Filecoin (FIL) to rent or buy storage space. This works globally, with an individual located in Europe being able to rent storage to an individual in North America.
During its initial coin offering (ICO), Filecoin (FIL) raised $257 million, which has been reinvested in the Filecoin (FIL) project to become a market leader in DeFi storage solutions. Filecoin (FIL) entered 2023 with a price of $3, which quickly increased to highs of over $9, before decreasing to its current price of $6.79.
This is still a positive return for Filecoin (FIL) investors, most of which remain confident that Filecoin (FIL) will continue to rise in price in 2023.
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VeChain (VET) utilizes blockchain technology to enhance supply chain management. Using VeChain (VET), real-world businesses have the tools managers need for enhanced collaboration throughout the supply chain, with better data on specific areas.
So far, VeChain (VET) has been adopted by hundreds of brands worldwide. Famous names include LVMH and BMW who currently use VeChain (VET) as part of their supply chain management.
Given its potential to revolutionize
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