{"id":90470,"date":"2020-10-16T07:03:00","date_gmt":"2020-10-16T04:03:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/3-years-after-the-ico-filecoin-fil-rallies-118-upon-listing\/"},"modified":"2020-10-16T07:03:00","modified_gmt":"2020-10-16T04:03:00","slug":"3-years-after-the-ico-filecoin-fil-rallies-118-upon-listing","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/3-years-after-the-ico-filecoin-fil-rallies-118-upon-listing\/","title":{"rendered":"# 3 years after the ICO, Filecoin (FIL) rallies 118% upon listing"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4e30d1e5632\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4e30d1e5632\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/3-years-after-the-ico-filecoin-fil-rallies-118-upon-listing\/#Traders_expect_a_boring_fourth_quarter\" >Traders expect a boring fourth quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/3-years-after-the-ico-filecoin-fil-rallies-118-upon-listing\/#Bitcoin_dominance_is_rising\" >Bitcoin dominance is rising<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/3-years-after-the-ico-filecoin-fil-rallies-118-upon-listing\/#DeFi_tokens_are_still_struggling_to_rebound\" >DeFi tokens are still struggling to rebound<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># 3 years after the ICO, Filecoin (FIL) rallies 118% upon listing <\/strong>&#8221;<\/p>\n<div data-v-5a136f3a=\"\">\n<p dir=\"ltr\">On Thursday Filecoin (<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/filecoin\/\">FIL<\/a>) began trading across major exchanges over three years after its initial coin offering.\u00a0<\/p>\n<p dir=\"ltr\">Upon listing, the token traded at wildly different prices across multiple exchanges and while the premium shows there is still an <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>etite for altcoins, investors interpreting the rallies from FIL and Polkadot (<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/polkadot-new\/\">DOT<\/a>) as the beginning of an altseason may be disappointed.\u00a0<\/p>\n<p dir=\"ltr\">Hours after trading began, top cryptocurrency exchanges including FTX, Binance, and Gemini announced that they would swiftly list the altcoin. Consequently, the token saw significantly different prices across platforms due to a combination of limited liquidity and supply.<\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"1337\" alt=\"The 15-minute chart of Filecoin (FIL) after the FTX listing\" src=\"https:\/\/s3.cointelegraph.com\/storage\/uploads\/view\/a69814dfc30e65f4709423046b2d125b.png\" title=\"The 15-minute chart of Filecoin (FIL) after the FTX listing\"\/><\/p>\n<p dir=\"ltr\" style=\"text-align: center;\"><em>The 15-minute chart of Filecoin (FIL) after the FTX listing. Source: <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/FILPERP\/?exchange=FTX\">TradingView.com<\/a><\/em><\/p>\n<p dir=\"ltr\">Hours after the FTX integration, the FIL futures contract processed $150 million in trading volume. FTX CEO Sam Bankman-Fried <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/SBF_Alameda\/status\/1316798768834994176?s=20\">said<\/a>:<\/p>\n<blockquote>\n<p dir=\"ltr\">\u201c$FIL has traded about $150m so far. Roughly 60% of the volume has been on FTX! Started around $30, went up to $80 on FTX and $200 on other exchanges, now around $40-$80 on various exchanges.\u201d<\/p>\n<\/blockquote>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Traders_expect_a_boring_fourth_quarter\"><\/span>Traders expect a boring fourth quarter<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">Historically, the fourth quarter has been relatively slow for the entire crypto market and in 2018 and 2019 BTC saw losses against the U.S. dollar during Q4.<\/p>\n<p dir=\"ltr\">Based on historical trends and what appears to be the end of an explosive multi-month rally, traders expect a drawn out consolidation phase as the next step for the crypto market.\u00a0<\/p>\n<p dir=\"ltr\">Michael van de Poppe, a full-time trader at the Amsterdam Stock Exchange, suggested that an altseason in early 2021 is most likely. He <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1312496880639635460?s=20\">wrote<\/a>:<\/p>\n<blockquote>\n<p dir=\"ltr\">\u201cI do believe we&#8217;ll be seeing a relatively boring and corrective quarter on the cryptomarkets. In history; $ETH frequently bottoms out in December, to start running the quarter after. $BTC dominance to run up, to have an altseason in Q1 2021. Continuing the patience.\u201d<\/p>\n<\/blockquote>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Bitcoin_dominance_is_rising\"><\/span>Bitcoin dominance is rising<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">According to the data from CoinMarketCap, the Bitcoin\u2019s dominance against the rest of the cryptocurrency market has been climbing.<\/p>\n<p dir=\"ltr\">Since Sept. 21, the Bitcoin dominance index increased from 58.28% to 58.6%. Although this is not a major increase, it shows a clear recovery from an extended downturn throughout the past year.<\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"975\" alt=\"The Bitcoin dominance index\" src=\"https:\/\/s3.cointelegraph.com\/storage\/uploads\/view\/fadd89c3eb0ac11ee8b110c793599b69.png\" title=\"The Bitcoin dominance index\"\/><\/p>\n<p dir=\"ltr\" style=\"text-align: center;\"><em>The Bitcoin dominance index. Source: <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"http:\/\/coinmarketcap.com\/\">CoinMarketCap.com<\/a><\/em><\/p>\n<p dir=\"ltr\">The dominance index is typically an accurate measurement to assess the trend of the altcoin market and many traders believe that a decline in Bitcoin dominance if followed by increasing bullish momentum in the altcoin market.\u00a0<\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"DeFi_tokens_are_still_struggling_to_rebound\"><\/span>DeFi tokens are still struggling to rebound<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">In early October, researchers at Santiment said the key to evaluating the prospect of an altseason is the volume of decentralized exchanges. They <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1312087958867111937\">said<\/a>:<\/p>\n<blockquote>\n<p dir=\"ltr\">\u201cAre we anywhere close to #altseason yet? The key may very well be in #DEX trading volumes. Taking a look at #Uniswap&#8217;s trading volume, this trendline breaking may very well be the leading indicator to foreshadow the next #alt boom.\u201d<\/p>\n<\/blockquote>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" width=\"1330\" height=\"1090\" alt=\"Uniswap daily volume since July\" src=\"https:\/\/s3.cointelegraph.com\/storage\/uploads\/view\/4da284d583322fc1a205991da11da0eb.png\" title=\"Uniswap daily volume since July\"\/><\/p>\n<p dir=\"ltr\" style=\"text-align: center;\"><em>Uniswap daily volume since July. Source: <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/info.uniswap.org\/home\">Uniswap<\/a><\/em><\/p>\n<p dir=\"ltr\">As shown above, Uniswap volume has been in a steady decline. At the same time, altcoins remain flat and the altcoin total market cap index shows a similar decrease in volume.<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/3-years-after-the-ico-filecoin-fil-rallies-118-upon-listing\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# 3 years after the ICO, Filecoin (FIL) rallies 118% upon listing &#8221; On Thursday Filecoin (FIL) began trading across major exchanges over three years after its initial coin offering.\u00a0 Upon listing, the token traded at wildly different prices across multiple exchanges and while the premium shows there is still an appetite for altcoins, investors&#8230;<\/p>\n","protected":false},"author":1,"featured_media":90471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/storage\/uploads\/view\/66ed72518ead1d3540f40034c4064688.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74863,73785],"class_list":["post-90470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-cryptocurrencies","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/90470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=90470"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/90470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/90471"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=90470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=90470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=90470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}