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Filecoin (FIL) Price Up 65%, Is China Narrative Making It Outperform Major Crypto?

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With Hong Kong’s recent crypto announcement, many native tokens of shared storage protocols have soared over the past week. Decentralized storage network Filecoin’s native token $FIL has been rapidly rising due to the anticipated launch of FVM, soaring from just above $5 a week ago to $8.47 on Wednesday, a more than 65% gain, according to CoinMarketCap data.