In 2017, FIL raised $206,000,000 at the ICO, which attracted the attention of the thematic media to the Filecoin token price. Today, the project is once again making itself known – the FIL USD cost has grown by 200% from its all-time low, and capitalization has once allowed it to enter the top ten.
Filecoin price now: why so low?
At the moment, the Filecoin coin price chart is trading at $5.5 with a 24-hour trading volume of $110,011,531. FIL is up 1.5% in the last 24 hours.
In addition, today the current circulating supply is 228,360,248.00 FIL.
The Filecoin price charts analysts recall that there was a case of “double deposit” – a certain amount in FIL was processed twice and credited to the miner’s account. This may indicate the vulnerability of Filecoin, since the Proof-of-Work consensus algorithm is aimed, among other things, at preventing “double spending”.
In 2021 the Filecoin token price supported the crypto rally and reached its all-time high of $237.24 on April 1st. Subsequently, the price pulled back as the cryptocurrency market crashed from all-time highs. After that, the FIL to USD price rolled back to the values of February 2020.
Hottest Filecoin coin news
The company announced the provision of a decentralized data store to MetaMask to bridge the gap between Web 2.0 and Web 3.0. MetaMask will allow you to upload files to the Filecoin network and share them – with or without encryption.
Also, the Filecoin coin news announced the start of cooperation with Polygon to quickly establish Web3 interaction between networks. Filecoin and Polygon created a blockchain bridge and offered free data storage to all projects that will use it.
As you see, the team works with other developers in the crypto community to expand their ecosystem. Unsurprisingly the Filecoin coin price chart gained so much hype in 2021.
Filecoin price prediction
DigitalCoin is giving a bullish price prediction for the Filecoin price charts for the coming years. According to the site, the average price of FIL in 2023 will be $114.51 per coin, in 2024 it will rise to $130.52, and by 2025 it will reach $222.31.
In the long term, the average price of FIL by 2028 will be $321.68 per coin, and by 2025 it may reach a historical maximum of $354.97.
The Wallet Investor platform gives an even more optimistic Filecoin price prediction. According to experts, the FIL to USD price will rise from $74.05 in early September to $105.80 by the end of 2022. It is expected that in 2022-2025 the price of Filecoin (FIL) will be $177.73 in 2023 and rise to $390.72 by the end of 2025.
According to Coin Price Forecast, the FIL USD cost will rise from $118.07 at the end of 2022 to $330.98 by the end of 2025, and to $403.28 by the end of 2030.
Looking at the Filecoin price now all these forecasts seem a bit silly, but the technical and fundamental analysis say otherwise.