Thursday, December 8, 2022
 

Filecoin (FIL) Price Prediction: Will FIL Price Hit $60 in 2022?

  • Bullish Filecoin (FIL) price prediction ranges from $6 to $16.
  • Analysis suggests that FIL price might reach $60 soon.
  • FIL’s bearish market price prediction for 2022 is $4.01.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Filecoin (FIL) is one of them.

Filecoin is a public, open-source cryptocurrency and digital payment system designed to be a blockchain-based cooperative digital storage and data retrieval technique. Protocol Labs created it, and it is built on top of the InterPlanetary File System, allowing users to rent underutilized hard drive space.

If you are interested in the future of FIL and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is Filecoin (FIL)?

Filecoin is a decentralized storage system with the goal of “storing humanity’s most important information.” Filecoin is an open system supported by a blockchain that records network participants’ promises, with FIL serving as the blockchain’s native currency. Proof-of-replication and proof-of-spacetime are the two fundamental building blocks of the blockchain.

Juan Benet, who also designed the InterPlanetary File System, founded Filecoin. Filecoin seeks to store data in a decentralized manner. In contrast to cloud storage providers like Amazon Web Services or Cloudflare, which are susceptible to centralization problems, Filecoin uses its decentralized nature to safeguard the integrity of a data’s location—making it retrievable and difficult to censor.

Decentralized storage systems, such as Filecoin, enable users to be the sole custodians of their data and increase global online accessibility. Since participation in the Filecoin network by mining and storing is directly proportional to earning additional block rewards, Filecoin incentivizes players to act honestly and save as much data as possible.

Proof-of-replication and proof-of-spacetime are utilized to protect Filecoin. In the Filecoin network, nodes also known as retrieval miners compete to deliver data to clients as rapidly as possible. They are subsequently compensated with FIL fees, which promote a network of nodes to replicate and preserve files.

Storage miner nodes are in constant competition for contracts to offer customers storage for a predetermined period. When a storage miner and a client reach an agreement, the storage miner stores the client’s data in a sector and “seals” it to generate a unique copy of the sector’s contents. Clients compensate storage miners with FIL as transaction fees, and these miners can also mine blocks to earn a block reward.

Filecoin (FIL) Current Market Status

With 261,002,515 FIL in circulation, Filecoin (FIL) trades at $8.42 at the time of writing. FIL has a 24-hour trading volume of $317,588,040.83, and during the previous 24 hours, the price of FIL has increased by 3.43%.

At the moment, the most popular exchanges to trade Filecoin (FIL) are Binance, OKX, BTCEX, BingX, and MEXC. Let’s continue with our FIL price research for 2022.

Filecoin (FIL) Price Analysis 2022

Currently, FIL ranks 33rd on CoinMarketCap. Will the FIL blockchain’s most recent improvements, additions, and modifications help the price of cryptocurrencies rise? Now, let’s focus on the charts in this article’s FIL price forecast first.

Filecoin (FIL) Price Analysis – Keltner Channel

FIL/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of Filecoin (FIL) can be predicted using the Keltner Channel indications for FIL/USDT. From the Keltner Channel signals for Filecoin (FIL), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart.

Filecoin (FIL) Price Analysis – Relative Strength Index

FIL/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
FIL/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 55.76. A movement above 50 indicates that more traders are buying FIL rather than selling, and are driving the price up. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Filecoin (FIL) Price Analysis – Moving Average

FIL/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)
FIL/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)

Above is a daily chart of Filecoin (FIL)’s 200-day, 100-day, and 50-day Moving Averages (MAs). FIL is now running sideways and slightly forming an uptrend after touching the support. Presently, FIL is on a bullish trend as indicated in the recent uptrend. Because the 200-MA is above the 100-MA, we may conclude that the price is bullish for long-term buyers.  Furthermore, because the difference between the moving averages is large and within the recently formed candlesticks, the price of Filecoin (FIL) may see a significant gain or decline in the future.

Filecoin (FIL) Price Prediction 2022

FIL/USDT 1-Day Chart  (Source: TradingView)
FIL/USDT 1-Day Chart  (Source: TradingView)

By looking at the daily chart of FIL/USDT, Filecoin (FIL) price was swinging from $4.88 to $11.37 after touching the support level of $5.37-$4.43. Bouncing back from the support level, Filecoin (FIL) is now going sideways in the market and is expected to break out of the triangle.

Meanwhile, our long-term Filecoin (FIL) price prediction for 2022 is bullish since it cannot break the support level. We can expect Filecoin (FIL) to reach $12 this year. 

Filecoin (FIL) Price – Resistance and Support Levels

FIL/USDT 1-Day Chart (Source: TradingView)
FIL/USDT 1-Day Chart (Source: TradingView)

This chart below shows that the price of FIL has decreased in the past few months. Moreover, the price of FIL is up by 3.09% in the past 24 hours after a slight pump during the week. If this continues, FIL might keep running bulls, breaking its $12.62 resistance 1 level and eventually moving higher to $29.

If FIL cannot break the $12.62 resistance 1 level, the bears may seize control and dethrone FIL to a downtrend stance. In simple terms, the price of FIL might fall to almost $4.01, indicating a negative signal given by the previous support level.

Filecoin (FIL) Price Prediction 2023 

Filecoin (FIL) will hit $60.3 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $29. The growth will thereafter moderate, but no significant drops are forecast. 

Filecoin (FIL) Price Prediction 2024 

Filecoin (FIL) price can rise to incredible heights, peaking at $94.54. This is only feasible if the market continues its upward path and only if FIL breaks through the past psychological resistance levels.

Filecoin (FIL) Price Prediction 2025

FIL prices might grow to $122.22 during the next three years. Furthermore, hitting this level may not be so tough for FIL because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered.

Filecoin (FIL) Price Prediction 2026

FIL prices might grow to $149.9 during the next four years. Furthermore, hitting this level may not be so tough for FIL because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered.

Filecoin (FIL) Price Prediction 2027

FIL prices might soar to $189.30 in the next five years. Furthermore, hitting this level may not be so tough for FIL as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Filecoin (FIL) Price Prediction 2028

In the next six years, FIL prices could rise to $240. More so, reaching this level could not be so difficult for FIL as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, FIL has a strong chance of reaching the previous ATH.

Filecoin (FIL) Price Prediction 2029

In the next seven years, FIL prices could rise to $348.48. More so, reaching this level could not be so difficult for FIL as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, FIL has a strong chance of reaching the previous ATH.

Filecoin (FIL) Price Prediction 2030

In the next eight years, FIL prices could rise to $619.06. More so, reaching this level could not be so difficult for FIL as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, FIL has a strong chance of reaching the previous ATH.

Conclusion

As said above, it may even reach above $250 if investors have decided that FIL is a good investment, along with mainstream cryptocurrencies.   

FAQ

What is FIL?

Filecoin is a decentralized storage system with the goal of “storing humanity’s most important information.” Filecoin is an open system supported by a blockchain that records network participants’ promises, with FIL serving as the blockchain’s native currency. Proof-of-replication and proof-of-spacetime are the two fundamental building blocks of the blockchain.

How to buy FIL tokens?

Like other digital assets in the crypto world, FIL can be traded on many exchanges. Binance, BTCEX, Bybit, BingX, and MEXC are currently the most popular cryptocurrency exchanges for trading FIL.

Will FIL surpass its current ATH?

Since FIL provides investors with several opportunities to profit from their crypto holdings, FIL seems to be a really good investment in 2022. Notably, FIL has a high possibility of surpassing its current ATH in 2028.

Can FIL reach $100 soon?

In terms of active crypto assets, FIL is one of the few that continues to rise in value. As long as this bullish trend continues, FIL might break through $95.4 and reach above  $100. Of course, if the current market favoring crypto continues, this is extremely likely to happen.

Is FIL a good investment in 2022?

As one of the fastest-rising cryptocurrencies, FIL is expected to continue its rise. We may also conclude that FIL is an excellent cryptocurrency to invest in this year, given the recent partnerships that have enhanced its acceptance.

What is the lowest price of FIL?

The lowest price of FIL is $1.83, which was attained on August 29, 2019, according to CoinMarketCap.

Which year was FIL launched?

FIL was launched on 2014.

Who are the co-founders of FIL?

FIL was founded by Protocol Labs and Juan Benet.

What is the maximum supply of FIL?

There is no data.

How do I store FIL?

FIL can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the FIL price in 2023?

FIL price is expected to reach $60.30 by 2023.

What will be the FIL price in 2024?

FIL price is expected to reach $94.54 by 2024.

What will be the FIL price in 2025?

FIL price is expected to reach $122.22 by 2025.

What will be the FIL price in 2026?

FIL price is expected to reach $149.9 by 2026.

What will be the FIL price in 2027?

FIL price is expected to reach $189.31 by 2027.

What will be the FIL price in 2028?

FIL price is expected to reach $240 by 2028.

What will be the FIL price in 2029?

FIL price is expected to reach $384.48 by 2029.

What will be the FIL price in 2030?

FIL price is expected to reach $619.06 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

  • Bullish Filecoin (FIL) price prediction ranges from $6 to $16.
  • Analysis suggests that FIL price might reach $60 soon.
  • FIL’s bearish market price prediction for 2022 is $4.01.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Filecoin (FIL) is one of them.

Filecoin is a public, open-source cryptocurrency and digital payment system designed to be a blockchain-based cooperative digital storage and data retrieval technique. Protocol Labs created it, and it is built on top of the InterPlanetary File System, allowing users to rent underutilized hard drive space.

If you are interested in the future of FIL and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is Filecoin (FIL)?

Filecoin is a decentralized storage system with the goal of “storing humanity’s most important information.” Filecoin is an open system supported by a blockchain that records network participants’ promises, with FIL serving as the blockchain’s native currency. Proof-of-replication and proof-of-spacetime are the two fundamental building blocks of the blockchain.

Juan Benet, who also designed the InterPlanetary File System, founded Filecoin. Filecoin seeks to store data in a decentralized manner. In contrast to cloud storage providers like Amazon Web Services or Cloudflare, which are susceptible to centralization problems, Filecoin uses its decentralized nature to safeguard the integrity of a data’s location—making it retrievable and difficult to censor.

Decentralized storage systems, such as Filecoin, enable users to be the sole custodians of their data and increase global online accessibility. Since participation in the Filecoin network by mining and storing is directly proportional to earning additional block rewards, Filecoin incentivizes players to act honestly and save as much data as possible.

Proof-of-replication and proof-of-spacetime are utilized to protect Filecoin. In the Filecoin network, nodes also known as retrieval miners compete to deliver data to clients as rapidly as possible. They are subsequently compensated with FIL fees, which promote a network of nodes to replicate and preserve files.

Storage miner nodes are in constant competition for contracts to offer customers storage for a predetermined period. When a storage miner and a client reach an agreement, the storage miner stores the client’s data in a sector and “seals” it to generate a unique copy of the sector’s contents. Clients compensate storage miners with FIL as transaction fees, and these miners can also mine blocks to earn a block reward.

Filecoin (FIL) Current Market Status

With 261,002,515 FIL in circulation, Filecoin (FIL) trades at $8.42 at the time of writing. FIL has a 24-hour trading volume of $317,588,040.83, and during the previous 24 hours, the price of FIL has increased by 3.43%.

At the moment, the most popular exchanges to trade Filecoin (FIL) are Binance, OKX, BTCEX, BingX, and MEXC. Let’s continue with our FIL price research for 2022.

Filecoin (FIL) Price Analysis 2022

Currently, FIL ranks 33rd on CoinMarketCap. Will the FIL blockchain’s most recent improvements, additions, and modifications help the price of cryptocurrencies rise? Now, let’s focus on the charts in this article’s FIL price forecast first.

Filecoin (FIL) Price Analysis – Keltner Channel

FIL/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of Filecoin (FIL) can be predicted using the Keltner Channel indications for FIL/USDT. From the Keltner Channel signals for Filecoin (FIL), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart.

Filecoin (FIL) Price Analysis – Relative Strength Index

FIL/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
FIL/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 55.76. A movement above 50 indicates that more traders are buying FIL rather than selling, and are driving the price up. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Filecoin (FIL) Price Analysis – Moving Average

FIL/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)
FIL/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)

Above is a daily chart of Filecoin (FIL)’s 200-day, 100-day, and 50-day Moving Averages (MAs). FIL is now running sideways and slightly forming an uptrend after touching the support. Presently, FIL is on a bullish trend as indicated in the recent uptrend. Because the 200-MA is above the 100-MA, we may conclude that the price is bullish for long-term buyers.  Furthermore, because the difference between the moving averages is large and within the recently formed candlesticks, the price of Filecoin (FIL) may see a significant gain or decline in the future.

Filecoin (FIL) Price Prediction 2022

FIL/USDT 1-Day Chart  (Source: TradingView)
FIL/USDT 1-Day Chart  (Source: TradingView)

By looking at the daily chart of FIL/USDT, Filecoin (FIL) price was swinging from $4.88 to $11.37 after touching the support level of $5.37-$4.43. Bouncing back from the support level, Filecoin (FIL) is now going sideways in the market and is expected to break out of the triangle.

Meanwhile, our long-term Filecoin (FIL) price prediction for 2022 is bullish since it cannot break the support level. We can expect Filecoin (FIL) to reach $12 this year. 

Filecoin (FIL) Price – Resistance and Support Levels

FIL/USDT 1-Day Chart (Source: TradingView)
FIL/USDT 1-Day Chart (Source: TradingView)

This chart below shows that the price of FIL has decreased in the past few months. Moreover, the price of FIL is up by 3.09% in the past 24 hours after a slight pump during the week. If this continues, FIL might keep running bulls, breaking its $12.62 resistance 1 level and eventually moving higher to $29.

If FIL cannot break the $12.62 resistance 1 level, the bears may seize control and dethrone FIL to a downtrend stance. In simple terms, the price of FIL might fall to almost $4.01, indicating a negative signal given by the previous support level.

Filecoin (FIL) Price Prediction 2023 

Filecoin (FIL) will hit $60.3 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $29. The growth will thereafter moderate, but no significant drops are forecast. 

Filecoin (FIL) Price Prediction 2024 

Filecoin (FIL) price can rise to incredible heights, peaking at $94.54. This is only feasible if the market continues its upward path and only if FIL breaks through the past psychological resistance levels.

Filecoin (FIL) Price Prediction 2025

FIL prices might grow to $122.22 during the next three years. Furthermore, hitting this level may not be so tough for FIL because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered.

Filecoin (FIL) Price Prediction 2026

FIL prices might grow to $149.9 during the next four years. Furthermore, hitting this level may not be so tough for FIL because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered.

Filecoin (FIL) Price Prediction 2027

FIL prices might soar to $189.30 in the next five years. Furthermore, hitting this level may not be so tough for FIL as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Filecoin (FIL) Price Prediction 2028

In the next six years, FIL prices could rise to $240. More so, reaching this level could not be so difficult for FIL as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, FIL has a strong chance of reaching the previous ATH.

Filecoin (FIL) Price Prediction 2029

In the next seven years, FIL prices could rise to $348.48. More so, reaching this level could not be so difficult for FIL as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, FIL has a strong chance of reaching the previous ATH.

Filecoin (FIL) Price Prediction 2030

In the next eight years, FIL prices could rise to $619.06. More so, reaching this level could not be so difficult for FIL as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, FIL has a strong chance of reaching the previous ATH.

Conclusion

As said above, it may even reach above $250 if investors have decided that FIL is a good investment, along with mainstream cryptocurrencies.   

FAQ

What is FIL?

Filecoin is a decentralized storage system with the goal of “storing humanity’s most important information.” Filecoin is an open system supported by a blockchain that records network participants’ promises, with FIL serving as the blockchain’s native currency. Proof-of-replication and proof-of-spacetime are the two fundamental building blocks of the blockchain.

How to buy FIL tokens?

Like other digital assets in the crypto world, FIL can be traded on many exchanges. Binance, BTCEX, Bybit, BingX, and MEXC are currently the most popular cryptocurrency exchanges for trading FIL.

Will FIL surpass its current ATH?

Since FIL provides investors with several opportunities to profit from their crypto holdings, FIL seems to be a really good investment in 2022. Notably, FIL has a high possibility of surpassing its current ATH in 2028.

Can FIL reach $100 soon?

In terms of active crypto assets, FIL is one of the few that continues to rise in value. As long as this bullish trend continues, FIL might break through $95.4 and reach above  $100. Of course, if the current market favoring crypto continues, this is extremely likely to happen.

Is FIL a good investment in 2022?

As one of the fastest-rising cryptocurrencies, FIL is expected to continue its rise. We may also conclude that FIL is an excellent cryptocurrency to invest in this year, given the recent partnerships that have enhanced its acceptance.

What is the lowest price of FIL?

The lowest price of FIL is $1.83, which was attained on August 29, 2019, according to CoinMarketCap.

Which year was FIL launched?

FIL was launched on 2014.

Who are the co-founders of FIL?

FIL was founded by Protocol Labs and Juan Benet.

What is the maximum supply of FIL?

There is no data.

How do I store FIL?

FIL can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the FIL price in 2023?

FIL price is expected to reach $60.30 by 2023.

What will be the FIL price in 2024?

FIL price is expected to reach $94.54 by 2024.

What will be the FIL price in 2025?

FIL price is expected to reach $122.22 by 2025.

What will be the FIL price in 2026?

FIL price is expected to reach $149.9 by 2026.

What will be the FIL price in 2027?

FIL price is expected to reach $189.31 by 2027.

What will be the FIL price in 2028?

FIL price is expected to reach $240 by 2028.

What will be the FIL price in 2029?

FIL price is expected to reach $384.48 by 2029.

What will be the FIL price in 2030?

FIL price is expected to reach $619.06 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

 

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