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Filecoin and Pepenode: The Top Crypto Picks Following DePIN Day Surge
Filecoin (FIL) has captured the spotlight in the crypto world with an extraordinary surge in value, rising from $1.30 to $3.80, more than doubling in just 24 hours before slightly retracing to $3.11 at the time of writing. Often referred to as a “dino coin,” Filecoin had a strong run between 2017 and 2021 before losing momentum, but recent developments have sparked renewed investor interest.
DePIN Day Sparks Filecoin Rally
The decentralized storage token’s resurgence has been attributed largely to the upcoming DePIN Day on November 18, a major event for the decentralized infrastructure sector. Filecoin’s recent rally—up nearly 60% in 24 hours, 114% over seven days, and 42% in the last month—has drawn significant attention from traders and analysts alike.
DePIN Day, part of a global series previously held in Denver, Berlin, Austin, Brussels, Seoul, Bangkok, Dubai, and Hong Kong, promises a full day of talks, panels, and networking opportunities with leaders in the DePIN ecosystem. Anticipation is mounting as investors expect announcements about new partnerships, network updates, and innovations that could shape the future of decentralized cloud storage.
Filecoin’s upcoming capabilities, including allowing users to own, verify, and program their cloud storage, are expected to make a lasting impact on the ecosystem and maintain investor optimism.
Technical Analysis and Price Outlook
Current chart analysis shows Filecoin breaking key resistance levels around $3.3, with bulls targeting $4. Although it briefly touched $3.8, the price pulled back slightly, signaling that traders are actively testing resistance zones. With a circulating supply of approximately 707 million FIL out of a total 1.95 billion coins, there is room for potential dilution, which could moderate future gains.
Historical comparisons highlight that Filecoin’s market cap peaked over $10 billion, making its current valuation lower, creating both opportunity and caution. Technical indicators, including a daily RSI of 74, hint at possible short-term retracements, yet the overall trend remains bullish. Crypto analyst Captain Faibik X, with over 100k followers, suggests that $FIL may have found a bottom, and a sustained break above $3.30 could trigger a strong midterm bullish rally.
Why Investors Are Eyeing Pepenode
Alongside Filecoin, high-potential projects like Pepenode (PEPENODE) are attracting attention. Unlike established coins, presales offer participants early-stage exposure, potentially amplifying returns. Pepenode stands out from typical meme tokens by combining interactive gameplay, staking rewards, and a deflationary tokenomic model, where a portion of tokens used for upgrades is burned, creating scarcity and long-term sustainability.
Analysts note that Pepenode could complement Filecoin investments for traders looking for exposure to emerging crypto projects with growth potential. Its innovative design merges gaming and DeFi mechanics, offering utility and engagement beyond speculative value.
Filecoin’s Long-Term Potential
As blockchain adoption grows globally, coins like Filecoin—which combine utility and scalability—are regaining traction among traders seeking opportunities beyond Bitcoin and Ethereum. The token’s recent rally demonstrates the market’s enthusiasm for decentralized storage solutions and hints at a renewed investor focus on infrastructure-driven projects.
With DePIN Day on the horizon, technical levels holding strong, and complementary high-potential tokens like Pepenode gaining attention, the Filecoin ecosystem appears poised for further developments that could influence both market sentiment and adoption in the decentralized storage sector.
