Filecoin (FIL) Price Prediction 2023, 2025, 2030 — Will FIL Reach $100?

Filecoin (FIL), is a peer-to-peer, open-source, and decentralized network meant for the storage and retrieval of data. This guide will offer you the latest Filecoin price prediction for 2023, 2025 and 2030, and its projected growth from technical analysis to fundamental price history.

The FIL price prediction has always been a concern to the marketers and investors. At the end of this review, a clear picture will emerge as to how high the Filecoin price will go. We will try to answer these frequently asked questions: Is Filecoin a good investment? Does Filecoin have a future? What will Filecoin be worth in 2025/2030 or how much will Filecoin be worth in 5 years?

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Before diving into the Filecoin (FIL) price prediction and discussing numbers that might get you bored for no reason at all, let us talk about the history and a basic overview of Filecoin crypto in the market.

Filecoin (FIL) Overview

What is Filecoin?

One of the most important concepts in the world of computing is that of cloud storage. This allows people to store data away from their hard drive, meaning that, at least in theory, their computers do not get clogged up with files and data that could slow things down.

Filecoin is a peer-to-peer (p2p) network developed by Protocol Labs, which is intended to offer its users a decentralised data storage and management system. 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.

People who use the Filecoin network to store their data may “shop” for the finest storage node, or storage miner, based on their cost, speed, security and reliability. Users pay storage miners to ensure their files are stored correctly and safely over time. The Filecoin blockchain records these transactions to provide verification of file storage.

The native token of the Filecoin blockchain is called FIL, and it is used to settle transactions on the Filecoin network and reward miners for making their storage available. The FIL token must be held and used for transactions if one wants to use the Filecoin network.

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.

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.

Latest Filecoin News

• Filecoin announced “Filecoin Unleashed,” an event taking place at EthCC where attendees can learn about the advancements in data storage and connect with like-minded individuals.

• The Decentralized Storage Alliance has recently launched a new software update aimed at optimizing data onboarding for the Filecoin network. These enhancements are expected to significantly reduce the overall storage costs for the decentralized storage industry, potentially achieving savings of up to 40%.

Filecoin Price History

FIL price history from launch to present – Credit: CoinMarketCap

First let’s take a quick look at the Filecoin price history. While past performance should never be taken as an indicator of future results, knowing what the crypto has done in the past can give us some much-needed context when it comes to either making or interpreting a Filecoin price prediction.

Filecoin first came onto the open market in late 2017, when it was worth about $11. By the summer of 2018, the price dropped below $5. For the next two years or so its price hovered around the $5 mark as the market experienced a so-called crypto winter.

Things got better in October 2020 as the Filecoin mainnet was launched, effectively turning FIL from a token to a coin, sending FIL price to around $60. But it was just a brief spike as FIL eventually closed the year at $24.35. 2021 was a bullish time for crypto, and Filecoin was a beneficiary. FIL price reached an all-time high of $237.24 on 1 April. After that, however, the price fell, first slowly and then quickly with continuous volatility. Filecoin ended 2021 with $34.27, up by around 45% year-on-year but down significantly from the previous heights of April.

While 2021 was, ultimately, a positive year for both crypto and filecoin, 2022 was a year which saw disaster strike both FIL and the sector as a whole. Filecoin was all downhill from early January. A slump in April became a crash in May, when the depegging of Terra UST stablecoin and the collapse of the associated LUNA caused a market crash which saw FIL drop to below $10. Things got even worse the following months, when more crypto bankruptcy news confirmed the bear market and FIL fell to a low of $4.82 on 18 June. Then in November, the collapse of the FTX (FTT) exchange caused yet another crypto crash, sending FIL price to an all-time low of $2.68 on 16 December before making a small recovery to close the year at $3.01, down more than 90% over the course of the year.

Current Filecoin Price

At the time of writing, FIL is trading at $4.41 with a market capitalization of $1,932,177,163, making it the 30th largest crypto by that metric. In the past 24 hours, the price of FIL has increased by 2.13% with a trading volume of $114,425,153.

Now let’s move on to the Filecoin price prediction for 2023 and beyond.

FIL Price Prediction 2023, 2025, 2030

We’ve covered most of the important things you need to know about Filecoin (FIL) before considering its price prediction. If you are really interested in investing in the coin, this is the time to be more attentive. Do note, however, that predictions are not a substitute for your own research and due diligence.

To help you decide whether Filecoin is good for long term, here are some key targets it may reach before the end of 2030:

Filecoin Price Prediction 2023

Filecoin is expected to experience a significant increase in value throughout 2023. As per our analysis, Filecoin price is forecast to range between $9.17 and $11.03 during 2023. By the end of 2023, FIL’s average price is expected to be around $9.51.

Filecoin Price Prediction 2025

If Filecoin successfully boosts market sentiment among crypto enthusiasts, the FIL coin price could continue to rise for the next five years.

According to our FIL Price Prediction 2025, Filecoin (FIL) could reach a maximum price of $22.98 by 2025 with the increasing collaborations and advancements. In the most bearish scenario, FIL price may land at a minimum of $19.53. The forecasted average price could be $20.08.

Filecoin Price Prediction 2030

Certain that the long-term price prediction for FIL’s price will soar since there is still optimism that the cryptocurrency will attract much more attention. In 2030, the Filecoin price is estimated to reach $55.29, at minimum, and the maximum price could be $58.75, according to our FIL Price Prediction 2030. The average price of Filecoin (FIL) might go to $56.68 by the end of 2030.

Changelly’s Filecoin price prediction for 2030 is more bullish, which forecasts Filecoin to trade between $126.40 and $151.32 by the end of 2030, averaging out at $130.01.

Here, it’s worth pointing out that 2030 is still a long way away. 7 years down the line, the crypto market could be affected by a host of different events and updates, each of which is difficult to ascertain. Ergo, it’s best that predictions like these are taken with a pinch of salt.

Will Filecoin Reach $1,000?

Filecoin will have to rise by 226 times to reach a price level of $1,000. At $1000, Filecoin would have a Market Cap of $380 Billion. It would take 24 years to reach $1000 if Filecoin were to rise at the rate of 25% every year.

Given that Filecoin is only a moderate case for Investment, it would be impossible for FIL to reach $380 Billion anytime soon. Even a 90% burn would not necessarily lead to $1000 easily.

Will Filecoin Reach $100?

To reach $100, Filecoin must grow by 23 times. FIL reached its all-time high price of $192 in April 2021 where it grew by 5.81 times in 6 months (i.e., from its lowest price of $33 in October 2020).

Therefore, considering its 0.97 times growth in one month, we can expect Filecoin to reach $100 in the next 24 months. However, given a Market Cap calculation of $38 Billion, it is unlikely to reach $100 anytime soon. A burn rate of 75% is more likely to result in $100 in the next 5 years.

Conclusion: Is Filecoin a Good Investment?

With a well-thought roadmap and vision, Filecoin is set to make a radical difference to the entire cryptocurrency world. Filecoin shall break all barriers remaining a favorite token on the crypto exchange. On a pessimistic scale, this digital asset, even though may not blow the roof for the cryptocurrency price but will surely stand firm feet on the ground.

Overall, Filecoin is an excellent and highly sought-after ecosystem. FIL has witnessed an impressive rally since the start of the year. Our Filecoin price prediction model shows that Filecoin could be a good long-term investment and its future will ultimately grow.

In closing, please know the figures are generated using our price prediction tool and in that matter, not a guarantee, that the actual price action will follow what we mentioned. Forecasts are not immune to changing circumstances and will be updated with new developments. Always do your own research and evaluate all necessary factors before making any investment.

FAQs

Is Filecoin good for long term?

Yes. Filecoin is an established top 30 coin and has a lot of potential. With this in mind, it is wise to say that FIL is a good long-term investment. However, it might take some time before you can see any good profits. Our Filecoin price prediction model puts the maximum price of FIL at close to $60 by the end of 2030.

Will Filecoin price go up?

No one can really tell right now. While sites such as DigitalCoinPrice are upbeat about the crypto’s future, the likes of WalletInvestor were far more downbeat. You need to remember a variety of elements will influence the potential development of Filecoin in the future, thus the prices may, and do, go down as well as up.

How much will Filecoin be worth in 2025?

Our Filecoin price prediction 2025 forecasts FIL to trade between $19.53 and $22.98 by 2025.

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$44.93 within the next 5 years.

How much will Filecoin be worth in 2030?

According to our FIL price prediction 2030, the projected maximum Filecoin price at the end of 2030 is $58.75.

How high can Filecoin go?

The average price of Filecoin (FIL) might go to $9.51 this year. Over the next 10 years, it is projected that Filecoin may surpass $329.07.

Bullish Filecoin price predictions even see the potential for FIL to reach as high as $1,000 by 2040. This price forecast comes from the fact that FIL peaked in 2021 and crossed $237 with ease. However, for it to go as high as $1000, it will require significant levels of adoption.

Does Filecoin have a future?

Yes. According to our analysis, Filecoin does have a bright future. As centralized storage providers suffer from a lack of efficiency, decentralized storage and web3 infrastructure are gaining increasing popularity every day. We believe that ecosystems like Filecoin, Storj, and others will likely have a significant place to stake in the future.

Where can I buy Filecoin (FIL)?

Notable options for purchasing Filecoin include Binance, BTCC and Coinbase. Among these, BTCC is one of the best exchanges as it witnesses a large trading volume of Filecoin. Compared to another two big exchanges, BTCC has no regulatory concerns and is available in U.S., Canada and many other countries in Europe. Furthermore, BTCC exchange is highly recommended due to its favourable attributes such as low fees, user-friendly interface, excellent customer support, and robust security measures with no reported hacks or security breaches to date.

Buying Filecoin on BTCC is simple. Check here to create an account on BTCC and choose to purchase FIL with USDT and a leverage up to 50x. The transaction is safe, cheap, and fast with VERY easy steps.

What are BTCC’s specs?

Sometimes, users feel more comfortable working with an exchange if they know that the exchange has a footprint in the industry. With 12 years of stable and secure operating history, BTCC is one of the top cryptocurrency derivatives exchanges in CoinMarketCap, which boasts a wide selection of 60+ cryptocurrencies and millions of registered users, offering services in 100+ countries.

BTCC charges 0.06% for both takers and makers, which are way below the industry average. According to the largest and most recent empirical study on crypto exchange trading fees, the average spot trading taker fee is 0.2294% and the maker fee is 0.1854%.

With high liquidity, low trading fees and fast transaction speed, BTCC allows users to open a trade immediately even when the crypto markets experience a sharp rise or plunge.

Apart from crypto trading, BTCC also supports tokenized futures service, allowing users to trade stocks and commodities futures (Gold/Silver) with USDT as the margin. The maximum leverage is up to 150x.

Trading on BTCC begins with registration and log in, which only takes 30 seconds. New customers can now sign up here to get a welcome bonus of 10 USDT, and complete the KYC verification to access all BTCC’s features and BTCC bonus. Once verified, you can start trading Filecoin now.

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