Filecoin Price Prediction for 2021, 2023, 2025
Filecoin (FIL) Price Prediction

Filecoin Price Prediction for 2021, 2023, 2025

By SwapSpace | SwapSpace Blog | 18 Aug 2021


  Filecoin Fundamental Analysis

Filecoin (FIL) is a token powering the network with the same name, which is developed to provide its users with a decentralized data storage and management system. It was created to incentivize Interplanetary File System (IPFS), another well-known project concerning p2p data distribution, by the same founder — Jean Benet. Filecoin went through an ICO in 2017 and its mainnet launched in 2020.

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Filecoin’s purpose is to avoid problems with traditional file storage systems, such as clouds. Those centralized systems can become a single point of failure with catastrophic consequences — for example, data stored on them can be lost or corrupted. Filecoin allows its users to “shop” for storage node, or storage miner, with the best reputation, and choose their own trade-offs of the storage price versus data reliability and redundancy. Storage miners compete with each other for customers, aiming to provide the best deal and earn FIL for their storage. The same is true for retrieval miners (who may be the same nodes or different ones), who race to serve the data to the customer for a FIL fee. Filecoin network is secured using two unique proof systems. The first of them is Proof-of-Replication — as the miner receives a storage contract, he encodes the data and later must be able to show it in his storage. Second is Proof-of-Spacetime, which compels the miner to check a random data section.

Filecoin Price Chart

Filecoin first made a splash after its ICO in late 2017, when its price grew from ~$12 to ~$28 in a month. Later the price gradually went down, reaching $3-$4 by the fall of 2018 and staying mostly in this range for the rest of the year, as well as in 2019 and even in the beginning of 2020. FIL’s price started climbing up in late spring 2020, going to $20 by mid-fall, and then took off sharply and reached ~$42 in October, when the mainnet was launched. After a similarly sharp fall, it traded between $25 and $30 until February 2021, when the crypto market explosion caused Filecoin’s price to skyrocket to an all-time high of $237.24 on April, 1. After that, the price has been going down, but in late July it’s still sitting in a comfortable $45-$50 range, which keeps it firmly in the top-30 cryptocurrencies by market cap. With strong fundamentals and a lot of interest in its technology, Filecoin is a crypto to watch.

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Filecoin Technical Analysis

Despite the fact that 100% accurate technical analysis for Filecoin cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated FIL buy-and-sell rating for selected timeframe. The summary for FIL/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

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Filecoin Price Prediction

Below we have collected the most reliable price projections for Filecoin (FIL) from popular forecast platforms.

#1. WalletInvestor FIL Price Prediction for 2021, 2023, 2025

According to WalletInvestor, Filecoin price will grow from $53.85 to $158.882 in one year. That makes FIL an awesome investment. The long-term earning potential is 195.05%. Predicted price for the end of 2026 is $574.017.

#2. TradingBeasts FIL Price Prediction for 2022

Answering the question about if Filecoin is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, this coin price is predicted to reach $56.599 with a reduction to $124.362 by the end of 2022.

#3. DigitalCoin FIL Price Forecast for 2021, 2022, 2023, 2025

In DigitalCoin analysis, the price of Filecoin cryptocurrency will rise in the next 5 years starting from $54.3848 as of today’s price to $177.0154126. It will go up to $90.578537 by 2022 and continue its growth in 2023–2024. Based on this forecast, Filecoin is a profitable long-term investment.

#4. LongForecast FIL Price prediction for 2021–2022

In 2021, the average Filecoin price will go down to $53.16. In 2022, Filecoin’s price will rise significantly to an average of $60.575.

How to buy Filecoin?

Just go to SwapSpace and follow these easy steps:

  1. Choose the exchange pair, i.e. BTC to FIL, and the amount for your exchange and press the “View offers” button.
  2. Select the best exchange offer. You can sort them by better rates, exchange trust rates, or fixed and floating exchange options.
  3. Provide the recipient address to which the coins will be transferred.
  4. Transfer your money to the exchange service.
  5. Just wait until you'll see Filecoin in your wallet

About SwapSpace

SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 700 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.

Summary

As it can be clear from the analysis cited above, Filecoin (FIL) projections are rather contradictory. There is no universal consensus either about positive or negative future FIL price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Filecoin projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).

Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

Passionate about crypto and want to get more news and price predictions daily? Join SwapSpace’s blog!

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SwapSpace is a registration-free non-custodial cryptocurrency exchange aggregator that allows clients to swap over 500 cryptos with both fixed and floating rates.


SwapSpace Blog
SwapSpace Blog

SwapSpace is a cryptocurrency exchange aggregator aiming to accelerate your swaps. Instant swaps with no more registration, extra fees, or searching for the best rates – everything is collected in one place for you. In this blog we post our announcements, industry news, guides and tutorials, and a few crypto memes. Stay tuned!

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