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Filecoin Price Prediction

An up-to-date Filecoin price prediction for 2021, 2023, 2025. Wondering what is the future of FIL price? Find out Filecoin price forecast with historical, fundamental and technical analysis.
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Filecoin Fundamental Analysis

Project name
Filecoin
Stock Symbol
FIL
Curr. Price
65.33693
Curr. Supply/Total Supply
115822151
ROI Since Launch
No Data
Launch Date
No Data
Official Website

Filecoin (FIL) is a token powering the network with the same name, which is developed to provide its users with a decentralized data storage and management system. It was created to incentivize Interplanetary File System (IPFS), another well-known project concerning p2p data distribution, by the same founder — Jean Benet. Filecoin went through an ICO in 2017 and its mainnet launched in 2020.

Filecoin’s purpose is to avoid problems with the traditional file storage systems, such as clouds. Those centralized systems can become a single point of failure with catastrophic consequences — for example, data stored on them can be lost or corrupted. Filecoin allows its users to “shop” for storage node, or storage miner, with the best reputation, and choose their own trade-offs of the storage price versus data reliability and redundancy. Storage miners compete with each other for customers, aiming to provide the best deal and earn FIL for their storage. The same is true for retrieval miners (who may be the same nodes or different ones), who race to serve the data to the customer for a FIL fee. Filecoin network is secured using two unique proof systems. The first of them is Proof-of-Replication — as the miner receives a storage contract, he encodes the data and later must be able to show it in his storage. Second is Proof-of-Spacetime, which compels the miner to check a random data section.

Filecoin Live Price Chart

Filecoin first made a splash after its ICO in late 2017, when its price grew from ~$12 to ~$28 in a month. Later the price gradually went down, reaching $3–$4 by the fall of 2018 and staying mostly in this range for the rest of the year, as well as in 2019 and even in the beginning of 2020. FIL’s price started climbing up in late spring 2020, going to $20 by mid-fall, and then took off sharply and reached ~$42 in October, when the mainnet was launched. After a similarly sharp fall, it traded between $25 and $30 until February 2021, when the crypto market explosion caused Filecoin’s price to skyrocket to an all-time high of $237.24 on April, 1. After that, the price has been going down, but in late July it’s still sitting in a comfortable $45–$50 range, which keeps it firmly in the top-30 cryptocurrencies by market cap. With strong fundamentals and a lot of interest in its technology, Filecoin is a crypto to watch.

Filecoin Technical Analysis

Despite the fact that 100% accurate technical analysis for Filecoin cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated FIL buy-and-sell rating for selected timeframe. The summary for FIL/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Filecoin Price Prediction

Below we have collected the most reliable price projections for Filecoin (FIL) from popular forecast platforms.

#1. WalletInvestor FIL Price Prediction for 2021, 2023, 2025

According to WalletInvestor, Filecoin price will grow from $65.33693 to $116.416 in one year. That makes FIL an awesome investment. The long-term earning potential is 78.18%. Predicted price for the end of 2026 is $330.700.

#2. TradingBeasts FIL Price Prediction for 2022

Answering the question about if Filecoin is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $61.578 with a growth to $62.879 by the end of 2022.

#3. DigitalCoin FIL Price Forecast for 2021, 2022, 2023, 2025

In DigitalCoin analysis, the price of Filecoin cryptocurrency will rise in the next 5 years starting from $66.2591889 as of today’s price to $215.6649957. It will go up to $110.3554741 by 2022 and continue its growth in 2023-2024. Based on this forecast, Filecoin is a profitable long-term investment.

#4. LongForecast FIL Price prediction for 2021-2022

In 2021, the average Filecoin price will go up to $66.6333333. In 2022, Filecoin’s price will drop significantly to an average of $57.0958333.
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Summary

As it can be clear from the analysis cited above, Filecoin (FIL) projections are rather contradictory. There is no universal consensus either about positive or negative future FIL price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Filecoin projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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