FIL (Filecoin) rose 5.68% in the last 24 hours.

Gate News Bot news, on September 1, according to CoinMarketCap data, as of the time of writing, FIL (Filecoin) is currently priced at $2.45, up 5.68% in 24 hours, with a high of $2.51 and a low of $2.18. The 24-hour volume reached $383 million. The current market capitalization is approximately $1.675 billion, an increase of $90 million compared to yesterday. Currently, FIL ranks 57th in the global Crypto Assets market capitalization.

FIL is a decentralized storage network designed to store humanity's most important information. It is an open-source cloud storage marketplace, protocol, and incentive layer.

Important news about FIL recently:

1️⃣ Hong Kong listed companies layout Crypto Assets investment Shun Tai Holdings (01335.HK) announced plans to expand its Crypto Assets business, allocating approximately HKD 70 million from internal financial resources for Crypto Assets trading. The company has established a professional team responsible for managing virtual asset operations, with Filecoin (FIL) listed as one of the primary investment targets, which may bring new institutional investment demand for FIL.

2️⃣ Investment strategy focuses on long-term development projects Shun Tai Holdings' investment strategy shows that they mainly focus on Crypto Assets with a history of over 5 years and good liquidity. As one of the primary investment targets, FIL's long-term development potential and market liquidity have been recognized by institutional investors, which may help boost market confidence in FIL.

3️⃣ Risk control measures or impact on short-term price fluctuations The company has established strict internal control measures, including a transaction limit of no more than 10% of the unused budget and a stop-loss threshold set at no more than 20% of the purchase price. This cautious investment strategy may affect the short-term price fluctuations of FIL, but it may also bring more stable long-term growth.

From a technical perspective, FIL's recent price rise and increase in volume may be related to this investment plan. However, considering the overall volatility of the crypto assets market, investors still need to closely monitor market trends and changes in the project's fundamentals.

This message is not intended as investment advice; investors should be aware of market volatility risks.