Filecoin's core developer count has been increasing steadily since its launch in 2014, in a stark contrast to FIL's downtrend price action.
as a security, which resulted in a sharp fall on 18 May, the decentralized storage network coin has seen some rebound, rising marginally by 0.18% in the last 24 hours.However, the FUD was still far from over as the weighted sentiment continued to be in the negative territory. The overall impact of the wider market slump since mid-April was what ultimately drove this, not just the regulatory pressure from the SEC.
FIL’s transaction volume also declined since the event, suggesting that market participants were trying to tread cautiously.An interesting aspect of Filecoin’s growth trajectory was brought to attention by blockchain analytics firm, Token Terminal. The company took to Twitter to highlight that Filecoin’s core developer count has been increasing steadily since its launch in 2014, a stark contrast to FIL’s downtrend price action over the same time period.
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