Buy $GGsFilecoin Announces Ethereum-Compatible FVM Mainnet Launch Date, FIL Price $12 Next?
The decentralized storage network Filecoin’s plan to bring smart contracts and user programmability to the Filecoin blockchain has been grabbing the attention of the crypto community. Filecoin earlier announced its native Filecoin Virtual Machine (FVM) launch on March 1. The FIL price rallied 30% last week.
Filecoin in a tweet on February 20 revealed the Ethereum-compatible Filecoin Virtual Machine (FEVM) mainnet launch on March 14. According to the blog post, the Ethereum-compatible Filecoin Virtual Machine (FVM) is launching on the Filecoin mainnet on March 14.
The Filecoin community recently completed its largest hackathon to date “FVM Space Warp” in collaboration with ETHGlobal. It received overwhelming support from the developer community.
FVM will be interoperable with the Ethereum Virtual Machine (EVM), allowing Filecoin to form cross-chain bridges enabling crypto funds to move from one blockchain network to another. It will help unleash the enormous potential of an open data economy.
Its compatibility with EVM and layer 2 blockchains will also decrease user gas fees and increase transaction speed. Filecoin hopes to bolster its adoption by the decentralized finance (DeFi) community with FVM.
Despite an already competitive Layer-1 blockchain space, decentralized storage network platform sees its relationship with other L1 as collaborative, not competitive. FVM will enable several use cases such as perpetual storage, DeFi, DataDAOs, etc.
Filecoin Price Can Hit $10
Filecoin (FIL) price has been rapidly rising in the last few weeks due to the anticipated launch of FVM. FIL price is up nearly 80% in a week and is slated to rise continuously, with experts predicting a jump over $12 with the FEVM launch.
The FIL price is currently trading at $8.37, down 3% in the last 24 hours. The 24-hour low and high are $8.23 and $9.40, respectively. The trading volume has increased by 50% in the last 24 hours, indicating an increase in interest among traders.
Also Read: Another Hedge Fund Collapses In Foray Of FTX; Market To Decline?
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Meme Coin Market Dead? Top 5 Reasons Dogecoin, Shiba Inu, and Pepe Are Crashing
- Crypto Market Crashes as U.S.-Iran Tensions Escalate With Airstrikes
- Breaking: Ethereum Price Drops Amid Israel-Iran Tensions; Machi Big Brother Liquidated Again
- CLARITY Act: Stablecoin Yield Debate Heats Up, but March 1 Deadline Not ‘Do or Die’
- Best Institutional Custody Solutions for Tokenized Assets in 2026
- Top Analyst Predicts Pi Network Price Bottom, Flags Key Catalysts
- Will Ethereum Price Hold $1,900 Level After Five Weeks of $563M ETF Selling?
- Top 2 Price Predictions Ethereum and Solana Ahead of March 1 Clarity Act Stablecoin Deadline
- Pi Network Price Prediction Ahead of Protocol Upgrades Deadline on March 1
- XRP Price Outlook As Jane Street Lawsuit Sparks Shift in Morning Sell-Off Trend
- Dogecoin, Cardano, and Chainlink Price Prediction As Crypto Market Rebounds
