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    VeChain, EOS & Filecoin: 28 March Price Digest

    VET, FIL and EOS price digest

    VeChain 

    Over the weekend, the crypto market began to grow with renewed vigor. The total market capitalization of all cryptocurrencies has exceeded $2.1 trillion. On Monday morning, BTC recorded a 5.5% gain compared to 10 hours earlier, jumped over the $47k mark and recorded a three-month high. ETH, at the time of writing, rose by 5.6%, firmly stabilizing  above the $3300 level. 

    Most of the prominent altcoins, including VET, are also in the green zone.  At the time of writing, the cost of VET is $0.07612. Over the past 24 hours, the price of the token has increased by 19.54%. However, the price is 60% below the previous all-time high.

    The growth of the asset price occurs amid many positive events in the life of the project. For instance, the Vechain hackathon is currently taking place. The project recently launched its own VeUSD stablecoin. Overall, VeChain is actively progressing within the global DeFi industry, establishing good partnerships with large companies.

    EOS 

    On Monday, March 28, many altcoins added in value amid a new bullish phase of the crypto market. Investors have become more active, even despite the Fed’s decision to raise the discount rate. For the first time since the beginning of January 2022, BTC was able to break above $47,000. The correlation between BTC and the S&P 500 index is weakening, as  this could be a positive signal for the cryptocurrency. The increase in open interest in BTC futures can also be seen as a factor stimulating the improvement of the situation in the cryptosphere as a whole. 

    EOS is one the altcoins that are in the green zone on Monday. At the time of writing, the price of EOS is $2.97. Over the last 24 hours the price of the asset has increased by 17.56%. Some analysts attribute the rally observed in the crypto market to the growing interest of corporate clients in risky assets. This trend is also expected to continue, at least in the short term.

    Filecoin

    The price of the Filecoin decentralized storage token has increased by 26.75% over the last 24 hours. At the time of writing, the price of the asset is $24.49, which is 90% lower than the all-time high of $237.24 recorded in April 2021.

    Filecoin price growth

    While FIL’s current growth may be primarily driven by the bullish market, the positive price action could also be attributed to the launch of the accelerator jointly by Techstars and Protocol Labs, the team behind Filecoin. The accelerator will unite various startups to create blockchain projects with Filecoin integration.

    The content of this article is for informational purposes only and should not be construed as investment advice. We ask you to do your research. This text is not a guide to action. The author's opinion may not coincide with the opinion of CoinJoy.

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