Filecoin is a peer-to-peer network that stores files, with built-in economic incentives to ensure files are stored reliably over time. In Filecoin, users pay to store their files on storage miners. Storage miners are computers responsible for storing files and proving they have stored the files correctly over time. Source.
There are rumors that Grayscale filed a FileCoin trust, which if come true will push the price to new highs. Myself I hold a small bag of FIL which I bought recently as the price has come to the buyers' zone (-0.18/-0.27 Fib levels) from where I expect a serious growth if the descending trend line is broken (blue). We can also see that on Jan 17th there was a huge volume loaded, the biggest from what we have seen so far. Doesn't look like retail investors suddenly decided to buy tons of FIL. Despite the big volume on that day, the daily candle is too small. My conclusion from this is that some whales bought the dip and it's not too late to jump on this spacecraft with destination Mars. My first target is 0.618 Fibonacci level, around 58-59 and the second at 100 USD per coin.