The cryptocurrency market is known for some strange occurrences and insane rallies, especially during a bull market. In a flashback to almost four years ago during the crypto bubble, Filecoin, an ICO funded back in 2017 just launched its mainnet and immediately saw 3x returns.
Is this a sign the bull market is back for crypto assets or is Filecoin a project packing something special that attention must be paid to? Find out why FILUSD soared as high as 297% on launch day, taking those whose bags were packed to the moon and back.
To The Moon And Back In Minutes: Filecoin Does 3x Rally, Drops 50% Intraday
During the peak exuberance of the crypto bubble, “moonboys” were buying up altcoins in hopes of finding the next Bitcoin or Ethereum. ICOs were bought up by the dozen for this very reason, but it ultimately left investors burned except in rare cases.
ICOs and even Ethereum the tokens were built