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Big Eyes Rally As Filecoin, PancakeSwap Set For 10x Increase

In the world of cryptocurrency, there are always new projects and tokens to keep an eye on. Filecoin and PancakeSwap are two such projects that have been getting a lot of attention recently. Both Filecoin and PancakeSwap are set to see a 10x increase in their price, which is good news for investors. However, there are also some risks to consider before investing in either project. In this blog post, we will take a look at both Filecoin and PancakeSwap, their potential price increase, and the risks involved. You can buy Altcoins and BTC here bitql.cloud.

What is Filecoin?

The market mainly runs on a blockchain with a native protocol token, FIL. When you store data on Filecoin, you’re renting space from miners around the globe who compete to provide the lowest-cost service. The more providers there are, the more competition there is, and the lower prices get. Along with making storage cheaper, this also makes it more redundant and resilient: if one miner goes offline or becomes unavailable, your data can still be retrieved from another provider.

What is Pancake Swaps?

PancakeSwap allows users to trade cryptocurrencies without having to trust a centralized exchange. PancakeSwap also allows users to earn interest on their cryptocurrencies by staking them in the PancakeSwap liquidity pool.

PancakeSwap was launched in September 2020 and has quickly become one of the most popular decentralized exchanges. In November 2020, PancakeSwap surpassed UniSwap in total value locked in their respective exchanges.

Future Predictions for these Coins

As the crypto market continues to mature, we are seeing more and more projects launch that have the potential to revolutionize the space. Two of these projects are Filecoin and PancakeSwap, which are both set to see a significant increase in price in the near future.

Filecoin is a decentralized storage network that aims to compete with centralized services like Amazon S3 and Google Cloud Storage. The project raised over $200 million in its initial coin offering (ICO) and has been backed by some of the biggest names in the crypto space, including Coinbase Ventures, Andreessen Horowitz, and Sequoia Capital.

The project has seen explosive growth since launching in September 2020 and is now one of the most popular DEXes in the world.

Both Filecoin and PancakeSwap are well-positioned to capitalize on the growing demand for decentralized infrastructure projects. As more people become aware of the advantages of these types of projects, we expect to see both Filecoin and PancakeSwap price increase significantly.

The impact of the Bitcoin and Ethereum price increase

The impact of the Bitcoin and Ethereum price increase on Filecoin and PancakeSwap has been significant.

When Bitcoin and Ethereum prices started to surge in early 2021, it created a domino effect that lifted the prices of many other cryptocurrencies as well. This was especially true for DeFi tokens, which saw their prices increase even more due to the influx of new investors looking to get involved in the space.

Filecoin and PancakeSwap were two of the biggest beneficiaries of this price increase. The price of FIL, the native token of the Filecoin protocol, went from around $30 in January 2021 to over $200 by February 2021. This represents a nearly 600% increase in just a month!

Similarly, the price of CAKE, the native token of PancakeSwap, also saw a huge surge during this time period. It went from around $5 in January 2021 to over $40 by February 2021, representing an 800% increase!

These massive price increases led to a lot of new interest in both Filecoin and PancakeSwap. In particular, PancakeSwap became one of the most popular protocols on Ethereum due to its easy-to-use interface and low fees. This helped drive even more users to the platform and contributed to its explosive growth.

Conclusion

As the price of Bitcoin continues to rise, so too do the prices of altcoins.  This is good news for investors in Filecoin and PancakeSwap, as both are set to see a 10x increase in price.

Filecoin is a decentralized storage network that allows users to rent out unused storage space, while PancakeSwap is a decentralized exchange that allows users to trade cryptocurrency without having to trust a central authority. Both projects have seen immense success in recent months, and with the current trend of increasing altcoin prices, it is likely that they will continue to do well in the future.

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