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Bulls target $100 Filecoin (FIL) after data points to improving fundamentals

The FIL token is used to purchase storage space and retrieve data from the Filecoin Network. At the same time, its users gain rewards for selling their excess storage using this open-source platform. To compete with existing centralized cloud storage services, Filecoin has economic incentives to ensure files are reliably stored over time.

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Source: Cryptocurrency - investing.com

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