FileCoin (FIL) Overview :
|Price||$ 3.30 2.68%|
|Market Capitalization||$ 1,490,047,021|
|Trading Volume||$ 65,899,546|
- The price forecast for FIL in 2023 predicts a potential increase to $17.52 in the second half of the year.
- The 2024 FIL price forecast anticipates further growth with the possibility of surpassing $20.51 due to new collaborations and activities.
- By 2025, FIL’s price may continue to rise, with a potential reach of $28.71, providing an opportunity for profit.
Important: This Filecoin price prediction 2023 to 2031 is purely based on the writer’s knowledge in technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their Filecoin (FIL) price forecast outcome differently. Hence, we strongly suggest doing your own research before buying Filecoin (Fil).Read CRYPTONEWSLAND on google news
The first few days following the launch of the Filecoin mainnet were marked by protests by miners and reports of a price dump. However, the team behind the network stated that everything was moving according to plan.
Shortly after the debut of the mainnet, the FIL currency’s price fell while simultaneously attempting to recover.
What exactly is Filecoin (FIL)?
Filecoin (FIL) aims to provide its users with a decentralized data storage and management solution. It was created to promote Interplanetary File System (IPFS), a well-known project involving peer-to-peer (p2p) data transmission. Filecoin held an ICO in 2017, and its mainnet went operational in 2020.
Filecoin seeks to prevent problems with traditional file storage methods, such as cloud storage. These centralized systems have the potential to become a single point of failure, resulting in catastrophic outcomes such as data loss or corruption.
Users of Filecoin can “shop” for the best storage node or storage miner based on reputation and make their own trade-offs between storage cost, data dependability, and data redundancy.
The purpose of storage miners is to offer the best deal and earn FIL for their storage. Storage miners compete with one another to attract customers. The same holds true for retrieval miners, who compete to fulfill a customer’s data request for a FIL fee.
Filecoin (FIL) Analytical Fundamentals
The Filecoin blockchain’s native currency is denoted by the symbol FIL, and it is used to settle transactions on the Filecoin network. To utilize the Filecoin network, the FIL token must be kept and utilized in transactions.
Moreover, the FIL token is used to compensate storage providers and data retrievers. As a guarantee of service, storage providers must submit FIL as collateral, which can be revoked in the event that the service provider ceases to exist.
To generate funds, a Simple Agreement for Future Tokens (SAFT) was created as a legal contract that comprises assigning tokens to investors following network activation in exchange for an initial investment in the project. The fraction sold to advisers had a cost basis of $0.75 per FIL, an additional discount of 0-30%, and vesting periods ranging from 1 to 3 years. The cost basis for the remaining $153 million in FIL ranged between $1 and $5 per FIL, with a maximum sale of 200 million FIL.
Technical Analysis of Filecoin (FIL)
Although it is difficult to conduct a 100% accurate technical analysis of the Filecoin cryptocurrency, TradingView’s comprehensive technical analysis tool enables you to display aggregated buy-and-sell recommendations for FIL in real time for a specified time frame.
Moving Averages, Oscillators, and Pivots, the most popular technical indicators, form the basis of the FIL/USD report.
Filecoin (FIL) Current Price
Currently, one Filecoin is worth $ 3.30 2.68%. The trading volume for FIL during the past 24 hours has been $ 65,899,546. Filecoin’s market capitalization of $ 1,490,047,021 places it at position number 32 among all cryptocurrencies.
Using the relative strength index (RSI), the moving weighted average (MWA), and the moving average convergence divergence (MACD) from the chart above, we can determine if Filecoin (FIL) will have a bullish or bearish year.
Long Term Filecoin (FIL) Price Predictions 2023 up to 2031
|Year||Minimum Price||Average Price||Maximum Price|
Filecoin (FIL) Price Prediction 2023
|Month||Minimum Price||Average Price||Maximum Price|
Filecoin is, according to some, one of the most astonishing cryptocurrencies to rise this year (FIL). The price forecast for FIL in 2023 expects a significant increase in the second half of the year, possibly reaching $17.52.
Growth will be consistent, with no notable drops expected. A price average of $14.49 is extremely ambitious, but attainable in the near future due to planned collaborations and developments. The minimum value forecast for FIL is $7.22.
Filecoin (FIL) Price Prediction 2024
The 2024 Filecoin FIL price forecast has significant space for growth. We believe that the price of FIL will shortly surpass $20.51 due to new collaborations and activities that may be announced. However, before putting optimistic bets, we should wait to check if the FIL’s relative strength index exits the oversold region.
Due to the volatility of the market, FIL will trade at a minimum price of $16.40 and an average price of $18.00.
Filecoin (FIL) Price Prediction 2025
If the price continues to rise until 2025, it might reach $28.71, and FIL could profit from the growth. If the market decreases, it may not be possible to achieve the goal. FIL is anticipated to trade between $26.25 and $24.61 on average in 2025.
Filecoin (FIL) Price Prediction 2026
If Filecoin is successful in raising crypto enthusiasts’ market sentiment, the FIL coin price may remain stable for the next five years.
According to our projections, FIL will be green in 2026. It is projected that the FIL will surpass its all-time high in 2026. In 2026, the minimum value of the virtual currency will be $32.85 and the mean value will be $34.49.
Filecoin (FIL) Price Prediction 2027
We believe that the FIL price will surpass an average price level of $42.70 by 2027, with a predicted minimum price of $41.06 by the end of the year. In addition, FIL has a maximum price of $45.17.
Filecoin (FIL) Price Prediction 2028
Considering the potential future partnerships, we project that the bullish trend will continue, pushing the average price to around $50.92 by the year 2028. If FIL is able to surpass the level of resistance in 2028, the stock could achieve a high of $53.38; however, if FIL is unable to attain the requisite support by that year, the stock could decline to a low of $49.27.
Filecoin (FIL) Price Prediction 2029
While FIL strives for interoperability amongst networks to accelerate interaction, it is anticipated that the optimistic trend from the previous year will continue. Therefore, the minimum trade price has been set at $57.56 and the annual closing price will exceed $61.67 in 2029.
Filecoin (FIL) Price Prediction 2030
By 2030, Filecoin’s price will surpass its previous ATH and reach new heights. The minimum price might be $65.78 and the maximum price could be $69.89, with an average price of $67.42.
Filecoin (FIL) Price Prediction 2031
Market volatility is one of the various variables that make accurate price forecasts challenging. CryptoNewsLand aims to provide accurate price forecasts, but these should not be interpreted as investment advice and you should do your own research.
We foresee broad Bitcoin usage in numerous industries by 2031. Therefore, the highest FIL price expected in 2031 is $80.58, with an average price of $77.29.
The preceding investigation demonstrates that Filecoin (FIL) estimations are ambiguous. Regarding future price increases or decreases for FIL, there is no clarity.
Indeed, a range of factors, such as announcements, new technological developments made by Filecoin initiatives, the entire crypto ecosystem, legal status, and others, will impact the potential future development. We would like to remind you to conduct your own research prior to investing in cryptocurrency.
Filecoin (FIL) is currently trading at $ 3.30 2.68% with a market cap of $ 1,490,047,021.
Filecoin was one of the most discussed coins in the crypto realm in the past year. In light of this, it is prudent to assert that FIL is an excellent investment.
This year, the average Filecoin (FIL) price could reach $11.55. In the next five years, Filecoin is anticipated to achieve $53.64.
Given the expanding popularity of cryptocurrencies and Filecoin, a long-term investment in FIL could result in a price increase to $53.64 over the next five years.
As with any investment, if you invest in Filecoin today you can anticipate a long-term rise. Within the next ten years, the price of FIL might reach $104.8.
By 2024, the Filecoin (FIL) price is projected to reach $20.63.
Filecoin (FIL) price is projected to reach $28.88 by 2025.
By 2026, the Filecoin (FIL) price is projected to reach $37.13.
By 2027, the Filecoin (FIL) price is anticipated to reach $45.39.
By 2028, the Filecoin (FIL) price is anticipated to reach $53.64.
By 2029, the Filecoin (FIL) price is projected to reach $61.89.
By 2030, the Filecoin (FIL) price is projected to reach $70.14.
By 2031, the Filecoin (FIL) price is projected to reach $80.87.
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