Filecoin’s bearish week meets a massive upgrade on October 19 – Can FIL hold $1?
Photo: AMBCrypto
Filecoin [FIL] is down 8.95% in 24 hours, with a 27.3% plunge in daily trading volume and a 9.8% decline in Open Interest. Sometimes trading volume tends to fall during weekends. The combination of a sizeable price and Open Interest decline showed pessimistic market expectations in the short term. In other news, Filecoin's Solstice upgrade (FIP118) is set to go live on the 19th of October. The upgrade will change how block rewards flow and direct a growing share to services that bring paying customers onto the network.
Source: AMBCrypto
