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Solmedia, a decentralized platform, has made headlines by integrating Filecoin technology, revolutionizing content sharing. Through the $MEDIA token, users gain access to Filecoin’s decentralized storage and Solana’s blockchain, ensuring content security and integrity. This move champions free speech and transparency in Web 3.0, offering swift transactions and minimal fees. Solmedia’s initiative challenges tech giants, fostering a censorship-resistant environment where diverse voices thrive. Explore Solmedia and the $MEDIA token to shape the future of online content.
We’re proud have become the first Solana-based media platform to have integrated this groundbreaking technology with @Filecoin and @Solana.
— Solmedia (@SolMediaTech) March 21, 2024
In under a month of news, Solmedia has built itself to become the first decentralized $MEDIA video platform on $SOL.
Monetization 🔜 🍿🎬 https://t.co/09nCRIFsZp
The integration of Filecoin technology by Solmedia is likely to have a positive impact on Filecoin’s price. By becoming the focus of a pioneering move in the content-sharing space, Filecoin gains increased visibility and validation of its capabilities in decentralized storage. This integration highlights Filecoin’s importance in ensuring the security and integrity of digital content, which could attract more users and investors to the platform.
Additionally, as Solmedia’s initiative gains traction and attracts more users, it could lead to increased demand for Filecoin tokens to access decentralized storage services. Overall, the news of Filecoin’s integration with Solmedia could drive investor confidence and interest in Filecoin, potentially leading to an uptick in its price.
Key Filecoin Levels to watch
FILUSD appears to have established a strong support level at $8.00, as evidenced by recent price action. Following a pullback to this key support zone, the emergence of a bullish daily candle signals potential for a bullish reversal. Moreover, the Stochastic indicator has entered the oversold region, indicating increased potential for buying pressure to drive prices higher. With these technical indicators aligning, Crypto Signals are poised to set a nearby target of $12.30, reflecting optimism regarding Filecoin’s upward momentum in the near term.
FILUSD Key Levels
Demand Levels: $8.00, $4.60, $3.00
Supply Levels: $12.30, $27.80, $40.0
Filecoin Metrics
Total Market Cap: $2.58T
Filecoin Market Cap: $4.86B
Filecoin Volume (24h): $508.7M
Rank: 26
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