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Why Filecoin Is Surging Today

TheMotleyFool

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As of 10:30 a.m., EDT, Filecoin (CRYPTO: FIL) is up 10.18% in the past 24 hours to $61.58 per token. Investors are boosting the price of FIL tokens in anticipation of the Filecoin Launchpad Accelerator Demo Day on Sept. 28.

Twenty companies will present their projects built on the blockchain. Filecoin is a network that enables the storage of digital assets on peer-to-peer ecosystems instead of central servers. Users pay data storage fees using its native FIL tokens.

Image source: Getty Images.

Source Fool.com

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