Filecoin (FIL) and Stacks (STX) Gain Momentum; NuggetRush Sparks Investor Interest
Filecoin (FIL) could rise amid growing demand for its decentralized storage facilities. Stacks (STX) has partnered with a blockchain infrastructure provider.
NuggetRush (NUGX) could follow in the footsteps of The Sandbox, becoming one of the most popular NFT projects. Its gaming activities feature collecting and selling mineral resources. Yet, is FOMO around NUGX worth it? Let’s discuss.
>> Buy NuggetRush Now <<
As demand for decentralized storage increases, user adoption of Filecoin has skyrocketed. Details from the “State of Filecoin” reports show that storage utilization on the network had risen by 400% in 2023. Active data deals on Filecoin (FIL) also increased by 230%. Filecoin also confirmed that it accounted for 99% of all data stored across protocols.
Amid talks of growing network activity, FIL has risen to the $7.00 range. FIL traded at $5.4689 on January 19. It dropped by 9.2% to $4.9604 on January 31 before rising by 10% to $5.4592 on February 12. FIL then soared by 41.6% to $7.7320 on February 20.
Filecoin (FIL) will get increased favor among other altcoins following its recent partnership with Solana. Thanks to Filecoin’s data storage technology, block history will be far more accessible on Solana. Analysts expect more partnerships in the Filecoin (FIL) ecosystem. This could push FIL up by 15.1% to $8.9009.
A popular blockchain infrastructure provider, Luganodes, has announced support for Stacks. Luganodes will join Stacks (STX) as a signer, validating nodes, processing transactions, and contributing to its security. Furthermore, it would promote sBTC, a new wrapped Bitcoin token coming to Stacks (STX).
The news could positively affect Stacks’ (STX) market performance. STX traded at $1.4845 on January 18. It
Read more on cryptonews.com
