FIL, the native token of the decentralized data storage service Filecoin, is showing notable bullish performance ahead of a major network upgrade.
Filecoin has managed to enter the agenda of investors with the price activity in recent days. The highly anticipated development team has been working on for a long time. Filecoin Virtual Machine (FVM) FIL price one day before network upgrade 6 dollar resistance broke. 14 March 18:14 CETAlong with the network upgrade planned to be implemented in critical innovations will bring.
The focus of the upgrade, according to the information provided by the developers make the storage network programmable will be. With the upgrade, Filecoin will offer developers smart contracts and on-network decentralized applications will allow it to be designed.
The FVM upgrade will also open up more uses for Filecoin miners in financial services such as persistent storage, liquid staking, and insurance protocols.
on the other hand Filecoin important network upgrade Binance by also support came. Binance March 13 announced that it will support Filecoin network upgrade.
According to the statement, Binance has FIL in the upgrade process. suspend deposits and withdrawals. After the upgrade network stability when provided will reboot. Also during the upgrade FIL trading transactions will not be affected and it will continue was among the information conveyed.
According to CoinGecko data, in the last 24 hour time frame 28.2% showing bullish performance, FIL at the time of writing 6.21 from dollars is being traded.