Filecoin (FIL) Price Prediction – 2023, 2025, 2030
Filecoin (FIL) Overview
| 🪙 Cryptocurrency | Filecoin |
|---|---|
| 💱 Ticker Symbol | FIL |
| 🏆 Rank | 32 |
| 💸 Market Cap | $3,146,716,347 |
| 💲 Price | $5.83 |
| 🚀 Trading Volume | $235,787,180 |
| 📈 Price Change (24h) | -2.03% |
| 💰 Current Supply | 539,806,748 |
- Bullish Filecoin (FIL) price predictions range between $26.23 and $49.55 by 2030.
- Market analysts believe FIL could reach $20.40 by 2025.
- Bearish Filecoin market price prediction for 2023 is $4.66.
Filecoin (FIL) Introduction
After the introduction of the Filecoin mainnet, there were protests by miners and claims of a price dump in the first few days. The project’s creator, Juan Bennett, dismisses every criticism and insists that everything is proceeding as planned.
The price of the FIL currency decreased shortly after the mainnet’s launch and sought to recover at the same time. What is the situation with Filecoin? Let’s take a moment to review the Filecoin initiative and attempt to predict its future.
What is Filecoin (FIL)?
The network with the same name, intended to offer its users a decentralised data storage and management system, is powered by the currency known as Filecoin (FIL). The founder, Jean Benet, developed it to encourage Interplanetary File System (IPFS), a well-known project involving peer-to-peer (p2p) data exchange. In 2017, Filecoin had an ICO, and in 2020, its mainnet became live.
The goal of Filecoin is to prevent issues with conventional file storage solutions, such as clouds. These centralised systems have the potential to become a single point of failure with disastrous results, such as the loss or corruption of data.
Users of Filecoin may “shop” for the finest storage node, or storage miner, based on reputation and decide for themselves what trade-offs to make between storage cost and data reliability and redundancy.
With the goal of offering the greatest bargain and earning FIL for their storage, storage miners compete with one another for consumers. The same is true for retrieval miners, who compete to satisfy the customer’s request for data in exchange for a FIL fee.
Filecoin (FIL) Fundamental Analysis
The native currency of the Filecoin blockchain is called FIL, and it is used to settle transactions on the Filecoin network. The FIL token must be held and used for transactions if one wants to use the Filecoin network.
Additionally, storage providers and data retrievers are compensated with the FIL token. Storage providers must offer FIL as collateral as a guarantee of service, acting as a bond that may be revoked in the case that the service provider ceases to be a viable option.
The token for Filecoin itself was introduced in 2017 with a token sale that brought approximately $205 million. A pre-sale for advisors raised $52 million of this, and a public sale on the CoinList platform raised $153 million of it.
In order to raise money, a Simple Agreement for Future Tokens (SAFT) was developed as a legal contract that entails allocating tokens to investors upon network activation in exchange for an upfront investment in the project. The fraction sold to advisers had a cost base of $0.75 per FIL, a further discount of 0-30%, and vesting durations of 1-3 years. The cost basis for the remaining $153 million in FIL ranged from $1 to $5 per FIL, with a hard maximum of 200 million FIL sold.
Filecoin (FIL) Technical Analysis
Although it is difficult to perform a technical analysis of the Filecoin cryptocurrency that is 100 percent correct, TradingView’s sophisticated technical analysis tool allows you to view the aggregated buy-and-sell ratings for FIL in real time for a chosen time frame.
The most widely used technical indicators, Moving Averages, Oscillators, and Pivots, are the foundation of the FIL/USD report.
Filecoin (FIL) Current Price
Filecoin is currently worth $5.83 USD. FIL has moved -2.03% in the last 24 hours with a trading volume of $235,787,180. Filecoin is currently ranked 32 amongst all cryptocurrencies with a market capitalization of $3,146,716,347 USD.
Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Filecoin (FIL) to decide wether it is going to have a bullish or bearish year.
Filecoin (FIL) Price Predictions
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2023 | $7.00 | $8.16 | $8.74 |
| 2024 | $11.66 | $12.82 | $14.57 |
| 2025 | $17.49 | $18.65 | $20.40 |
| 2026 | $23.32 | $24.48 | $26.23 |
| 2027 | $29.15 | $30.31 | $32.06 |
| 2028 | $34.98 | $36.14 | $37.89 |
| 2029 | $40.81 | $41.97 | $43.72 |
| 2030 | $46.63 | $47.80 | $49.55 |
| 2031 | $52.46 | $54.80 | $57.13 |
Our price prediction forecasts use real-time Filecoin (FIL) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.
Filecoin (FIL) Price Prediction 2023
Filecoin, according to some, is one of the most amazing cryptocurrencies to rise this year (FIL). The FIL price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $8.74.
As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $8.16 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. FIL is expected to have a minimum value of $7.00.
Filecoin (FIL) Price Prediction 2024
In 2024, Filecoin FIL price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of FIL will soon surpass $14.57. However, we should wait to see if the FIL’s relative strength index comes out of the oversold zone before placing any bullish bets.
Considering the market volatility, FIL will trade with a minimum trading price of $11.66 and an average trading price of $12.82.
Filecoin (FIL) Price Prediction 2025
If the upward trend continues until 2025, it could reach $20.40 and FIL may profit. If the market experiences a decline, the goal may not be met. FIL is expected to trade at an average price of $18.65 and a low of $17.49 in 2025.
Filecoin (FIL) Price Prediction 2026
If Filecoin successfully boosts market sentiment among cryptocurrency enthusiasts, the FIL coin price could remain stable for the next five years.
According to our projections, FIL will be green in 2026. The FIL is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $26.23, with a minimum price of $23.32 and an average price of $24.48.
Filecoin (FIL) Price Prediction 2027
After some extensive forecasting and technical analysis, we estimate the FIL price is expected to cross an average price level of $30.31 by 2027, with a minimum price of $29.15 expected before the end of the year. Furthermore, FIL has a maximum price value of $32.06.
Filecoin (FIL) Price Prediction 2028
Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $36.14. If FIL manages to break the resistant level in 2028, we could see a maximum price of $37.89, failing to gather the support FIL needs by 2028 could result in a low of $34.98.
Filecoin (FIL) Price Prediction 2029
While FIL is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $40.81 and a yearly price close above $43.72 in 2029.
Filecoin (FIL) Price Prediction 2030
By 2030, Filecoin will finally surpass its previous ATH values and record new price levels. The minimum price could be $46.63 and potentially reach a maximum price value of $49.55, averaging out at $47.80.
Filecoin (FIL) Price Prediction 2031
The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum FIL price in 2031 is projected to be $57.13 in the event of a bull run, with an average price level of $54.80.
Conclusion
The study given above makes it evident that Filecoin (FIL) estimates are rather ambiguous. Regarding potential increases or decreases in the price of FIL, there is no general agreement.
Indeed, a variety of elements, including announcements, new technological advancements made by the Filecoin projects, the overall crypto ecosystem, legal status, and others, will influence the potential development in the future. We would like to gently remind you to conduct your own research before making any bitcoin investments (DYOR).
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FAQ
What is the Filecoin (FIL) price today?
Today, Filecoin (FIL) is trading at $5.83 with a total market capitalization of $3,146,716,347.
Is Filecoin a good investment?
Filecoin proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that FIL is a good choice of investment.
How high can Filecoin go?
The average price of Filecoin (FIL) can possibly reach $8.16 this year. Over the next 5 years, it is projected that Filecoin may surpass $37.89.
How much will Filecoin be worth in 5 years?
Based on the rising popularity of cryptocurrency and Filecoin, a long term investment in FIL could see the price rise to $37.89 within the next 5 years.
How much will Filecoin be worth in 10 years?
If you invest in Filecoin today, as with any investment, a long term increase is expected. The price of FIL could possibly rise to $74.03 within the next 10 years.
What will the Filecoin price be in 2024?
Filecoin (FIL) price is expected to reach $14.57 by 2024.
What will the Filecoin price be in 2025?
Filecoin (FIL) price is expected to reach $20.40 by 2025.
What will the Filecoin price be in 2026?
Filecoin (FIL) price is expected to reach $26.23 by 2026.
What will the Filecoin price be in 2027?
Filecoin (FIL) price is expected to reach $32.06 by 2027.
What will the Filecoin price be in 2028?
Filecoin (FIL) price is expected to reach $37.89 by 2028.
What will the Filecoin price be in 2029?
Filecoin (FIL) price is expected to reach $43.72 by 2029.
What will the Filecoin price be in 2030?
Filecoin (FIL) price is expected to reach $49.55 by 2030.
What will the Filecoin price be in 2031?
Filecoin (FIL) price is expected to reach $57.13 by 2031.
Editor-in-Chief of the BitcoinWisdom site, I'm responsible for ensuring all the content on our website is accurate, relevant, and helpful. I am a cryptocurrency advocate and I have been following the crypto space since early 2012. I have written extensively about Bitcoin and my work has appeared in some of the most respected publications.
