Elena
Mon May 20 2024
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7 answers
1190
Why has Filecoin price dropped?
I've noticed a significant decline in the price of Filecoin. Could you please shed some light on the reasons behind this drop? Has it been impacted by the longer-than-expected development cycle? Or is it due to investors' impatience with the yet-to-be-released product? Additionally, how much has the intense competition in the storage market, with established players like AWS and emerging decentralized storage projects, contributed to this price decline? Furthermore, has the market's waning confidence in Filecoin, possibly due to delayed milestones, also played a role? I'm keen to understand the interplay of these factors and how they have collectively influenced the drop in Filecoin's price.
