Friday, 12 April 2024

Crypto News

Solana integrates Filecoin to boost its blockchain; Bitcoin Dogs gains momentum

Here’s why Solana price just made a bullish breakout

  • Solana has partnered with Filecoin to boost its blockchain’s reliability and scalability.
  • Bitcoin Dogs has raised over $1.7 million as the crypto community flock to the world’s first ICO on Bitcoin.

Solana is looking to bolster its blockchain network with a key partnership with decentralized storage platform Filecoin. Meanwhile, Bitcoin Dogs is storming through its presale as the crypto community takes note of its potential.

Solana and Filecoin partner

In one of the groundbreaking developments this week, Filecoin, the decentralized data storage marketplace and crypto platform, announced it had integrated with Solana, the blockchain network home to a bustling token ecosystem.

Filecoin said in a statement that the collaboration will see Solana tap into Filecoin’s infrastructure to bolster the reliability and scalability of its network. The partnership comes a few days after Solana suffered an outage and is a major move that signals the blockchain platform’s focus on further traction. 

Tapping into Filecoin’s decentralized storage solutions makes Solana’s block history not just more accessible, but also readily usable for the community, including indexers, explorers and infrastructure providers.

By leveraging Filecoin’s decentralized storage capabilities, @solana can achieve data redundancy, scalability, and enhanced security while staying true to its decentralized ethos,” the Filecoin team said.

Solana price

Solana’s price rallied to highs of $118 despite the recent downtime and although its down 2.3% in the past 24 hours, its poised above the psychological $100. Analysts expect SOL to skyrocket in coming months alongside the broader altcoin market. Ethereum spot ETF approval in May could add to the tailwinds from Bitcoin’s halving to push the market higher.

Bitcoin Dogs’s presale enthralls crypto investors

Bitcoin Dogs is a new crypto project that’s currently storming through its presale, with over $1.6 million already raised less than 72 hours after the historic ICO launched.

As detailed in their whitepaper, Bitcoin Dogs is a gaming and NFT platform set to lead the next growth era for Bitcoin Ordinals. With the Bitcoin Layer-2 ecosystem thriving amid projects such as Stacks, Bitcoin Dogs is coming in to open the landscape further with gaming, NFTs and BRC-20 tokens.

$0DOG, the native Bitcoin Dogs token, is…

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