Can Filecoin be a major competitor to traditional WEB2 cloud players?

I hope to show in this article that FileCoin has the potential to be a major competitor to traditional web2 cloud players such as Amazon Web Services "AWS", Microsoft Azure, and Google Cloud which some analysts have noted together own approximately 60% of the global cloud data storage market.

What is a Filecoin (fil)?

The cryptocurrency FIL is the underlying token that powers the Filecoin network. It is used to pay for data storage, data retrieval and any other transactions that may occur within the network.

What is the market cap of Filecoin?

As of the writing of this article FileCoin has a market cap of approximately $12 Billion. This would imply that FileCoin may have the ability to more than triple from here as it continues to expand its market share and data storage capacity.

Is Filecoin a good investment?

Either way, Filecoin is definitely one to keep your eyes on. If the testnet development goes according to plan, we could very well see that much awaited mainnet launch in March of 2020. Disclaimer: These are writer opinions and should not be considered investment advice. Readers should do their own research.