A Glance at the The Top 5 Altcoins of the Week

Altcoins are seeing a decent uptrend recently. The market expects FED to take a slow and soft approach in its future policy decisions. The downfall in commodity prices might be an indication of inflation coming down. So, if you have been thinking of investing in Altcoins after a recent relief bounce, here is a list of the top 5 Altcoins of the week. 1. Filecoin (FIL) Anyone can save and retrieve data online, thanks to the peer-to-peer Filecoin network. Files are consistently and constantly saved and retrieved for however long a user requests, thanks to built-in economic incentives. The amount of storage space available and how much it costs to store and retrieve files are not under the authority of a single business or organization. Instead, anyone with internet access can participate in open marketplaces for storing and retrieving files, courtesy of the Filecoin storage network. It carries out these transactions using its native coin (FIL). Similar to bitcoin and ether, the native crypto token of the Filecoin network is the Filecoin token (FIL). Holders of tokens can use FIL to interact with and conduct transactions on the Filecoin network. Users specifically pay miners in FIL to store, distribute, and retrieve their data. Additionally, storage companies use FIL as collateral to offer a minimal degree of service assurance, which diminishes if an agreement with a customer falls through. $FIL currently trades at $10.81 and has ...