Cryptocurrency

Should you buy Filecoin after the launch of the content delivery network Saturn?

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The developers behind the decentralized storage solution Filecoin (FIL/USD) have launched a content delivery network known as Saturn.

Filecoin was developed to store data in a decentralized way, leveraging decentralization to protect the integrity of the data’s location, making it retrievable at any point in time and difficult to censor.

The launch of Saturn as a catalyst for growth

In the latest crypto news, FIlecoin has launched the new content delivery network known as Saturn, which has the goal of helping the network meet any content bandwidth and decentralized application needs and making it cheaper to run the nodes on top of the network.

Content delivery networks make up a huge portion of the internet, which helps websites get data quickly.

Saturn is a series of interlinked servers, all of which will aid in pulling content for decentralized applications (dApps).

This solution stands out because it compliments the main data storage layer in Filecoin, based on the announcement by Protocol Labs, which is the development team behind the project. They began building it in the first half of 2022.

Based on the announcement, anyone with 1TB of storage can join the network, run a node, and earn FIL for accelerating the decentralized web.

Should you buy Filecoin (FIL)?

On October 28, 2022, Filecoin (FIL) had a value of $5.178.

fil usd 1
should you buy filecoin after the launch of the content delivery network saturn? 3

FIL/USD Chart by Tradingview.

The all-time high of the Filecoin (FIL) cryptocurrency was on April 1, 2021, when the cryptocurrency reached a value of $236.84. Here we can see that the token was trading $231.662 higher in value at its ATH, or 4,474% higher.

When we go over the 7-day performance, Filecoin (FIL) had a low point at $4.87, while its high point was at $5.48. This marked an increase of $0.61 or 12%.

Going over the 24-hour performance, the low point was at $5.14, while the high point was at $5.36. Here we can see an increase in value of $0.22 or by 4%.

With this in mind, investors might want to buy Filecoin (FIL) as it can climb to $8 by the end of November 2022.



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