This Altcoin Decoupled Positively from the Market, Rising by 13 Percent! Are Ethereum and Solana Behind the Rise?

Leading cryptocurrency ‘Bitcoin’While the downward trend continues, the price is at the level of 51000 dollars.

However altcoins While they remain more solid compared to BTC, some altcoins manage to attract the attention of the market and investors with their rise.

One of these altcoins Filecoin (FIL) rose to $8.5 with an increase of more than 13% in the last 24 hours.

At the time of writing, it was traded at $8.1 with an increase of $8.8%. ELEPHANTIt reached up to $ 230 levels in the 2021 bull.

Other than Filecoin Siacoin (SC) It was at the top of the most profitable altcoins with its 11% increase.

Behind this rise in FIL is Filecoin solana And of Ethereum approaching Dencun upgrade It is considered that there is a decision to integrate.

At this point, analysts believe that Filecoin ETH And LEFT stating that the integration announcement signals a move away from centralized data storage services. “This integration has likely increased investor interest in altcoins from decentralized data storage projects such as FIL, Siacoin (SC), and Arweave (AR).” said.

Speaking to Coindesk, analysts at AI-powered trading firm ZMQuant stated that the temporary nature of blob storage could increase the demand for decentralized storage services and said:

“The Dencun upgrade is expected to benefit established projects such as Filecoin, Arweave, and Storj by driving increased demand for decentralized storage solutions.

An important feature of the upgrade is the introduction of blob storage for sending L2 data to L1.

But since blob storage is not persistent and data is discarded after about a month, there is potential for further use and analysis of this data.

“This increases the demand for decentralized storage services.”

*This is not investment advice.