• Hello guys, Do you have any idea about Filecoin? If nope, please click to check more details about it, You gonna open a new world.

WHAT IS FILECOIN

Filecoin is an ambitious project that aims to reduce the dependency of cloud storage on centralised systems. It is a storage pool that permits  anyone to rent out their hard drive storage space in exchange reward.

Filecoin also allows anyone globally to purchase the storage they need from the network.

The project began in 2014 as an incentive later for the interplanetary File system, A peer-to- peer storage system.  The Filecoin is open protocol, and aims to store data in a decentralised manners. 

Filecoin price analyist

The price of  Fil started surging in April 2020 after the announcement of its listing on the Gemini exchange, With high trading volumes. In 2019, Fil was trading at an average price of $4.50, and broke barrier in the last days of 2020 to trade above $20.

In March this year, barely a few days after the announcement of significant in investment China, it rose above 250% while trading above $200. crypto experts have said that it is just the begin for the decentralised blockchain token.

File price prediction for 2021

Digital Coin price sees future in Filecoin and estimates it value will reach $346.32 before the end of the year. Its prediction is that it could rise above $800 within Five years.

Wallet investor forecasts a bearish run for Filecoin this year and reckons the price could hover around $199 by the end of the year, possibly rising to $500 in five years.

Longforecast.com sees the value of the coin increasing to $1,227 in the year and could also rise to $2,566 in five years, This platform experts believe Filecoin will be a profitable for long- and short term investment.

Thanks for your attention!

        Oladep