Key takeaways:
- Our Filecoin price predictions suggest an average market price of $17.28 by 2024.
- By 2027, the price is projected to reach $35.7
- By 2030, FIL may reach $58.8.
Filecoin is a decentralized storage network designed to securely and efficiently store humanity’s most important information. Launched by Protocol Labs in October 2020, it utilizes blockchain technology to create a peer-to-peer digital storage marketplace. Users can rent unused hard drive space to earn Filecoin tokens (FIL), the network’s native cryptocurrency.
The system operates on a proof-of-replication and proof-of-spacetime consensus mechanism, ensuring that data is reliably stored over time and that storage providers hold the exact copies they claim. This approach incentivizes a robust and distributed network of storage providers, enhancing data retrieval speeds and security compared to traditional centralized servers.
Filecoin aims to reduce the costs of storage services by leveraging the global surplus of storage capacity. As part of the broader Web3 ecosystem, it supports decentralized applications (dApps) and services that require secure, decentralized data storage solutions, which significantly advance decentralized internet infrastructure.
Overview
| Cryptocurrency | Filecoin |
| Token | FIL |
| Price | $4.84 |
| Market Cap | $2.97B |
| Trading Volume | $393.31M |
| Circulating Supply | 613.65M FIL |
| All-time High | $237.24 on Apr 01, 2021 |
| All-time Low | $1.83 on Aug 29, 2019 |
| 24 High | $5.02 |
| 24 Low | $4.69 |
Filecoin price prediction: Technical analysis
| Metric | Value |
| Price Prediction | $ 4.90 (-0.73%) |
| Volatility | 14.43% |
| 50-Day SMA | $ 5.45 |
| 14-Day RSI | 38.22 |
| Sentiment | Bearish |
| Fear & Greed Index | 70 (Greed) |
| Green Days | 16/30 (53%) |
| 200-Day SMA | $ 4.40 |
FIL price analysis
Filecoin price analysis 1-day chart analysis
On December 23, the 1-day chart for Filecoin (FIL/USD) indicates that the price is trading at $4.869, with a daily high of $5.047 and a low of $4.719. The Bollinger Bands show a tightening pattern, with the upper band at $8.579 and the lower band at $4.302, suggesting potential volatility. The SMA (20) sits at $6.440, serving as a significant resistance level. The RSI is at 46.73, reflecting an oversold momentum trending toward 36.79. This indicates that the price could stabilize or face downward pressure unless it breaks above $5.05 to target $6.50.
Filecoin price analysis 4-hour chart analysis
The 4-hour chart for Filecoin (FIL/USD) indicates the price at $4.860, with a daily high of $4.989 and a low of $4.834. The Balance of Power (BOP) is at -0.41, highlighting bearish momentum. The MACD (12,26) shows a slight bullish crossover with the MACD line at -0.205 and the signal line at -0.245, while the histogram indicates minimal upward momentum at 0.039. This suggests potential consolidation or mild recovery. The price remains below recent resistance at $5.00, with support around $4.80. Breaking above $5.00 could indicate recovery, while a drop below $4.80 may signal continued bearish pressure.
Filecoin technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
| SMA 3 | $ 5.86 | SELL |
| SMA 5 | $ 5.74 | SELL |
| SMA 10 | $ 6.04 | SELL |
| SMA 21 | $ 6.68 | SELL |
| SMA 50 | $ 5.45 | SELL |
| SMA 100 | $ 4.57 | BUY |
| SMA 200 | $ 4.40 | BUY |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $ 5.78 | SELL |
| EMA 5 | $ 6.02 | SELL |
| EMA 10 | $ 6.33 | SELL |
| EMA 21 | $ 6.37 | BUY |
| EMA 50 | $ 5.70 | SELL |
| EMA 100 | $ 5.07 | SELL |
| EMA 200 | $ 4.88 | BUY |
Filecoin technical analysis: Conclusion
Based on the 1-day and 4-hour Filecoin (FIL/USD) charts, the price appears to be in a consolidation phase near $4.860. The Bollinger Bands in the daily chart indicate reduced volatility, with the RSI at 46.73 showing oversold momentum. The 4-hour MACD displays a slight bullish crossover, but the Balance of Power remains negative at -0.41, suggesting sellers still dominate. If bulls push the price above $5.00, it may target resistance near $6.50, supported by daily SMA (20). However, a breakdown below $4.80 could lead to further bearish momentum, potentially testing the $4.30 lower Bollinger Band on the daily chart.
Is Filecoin a good investment?
Filecoin is a decentralized storage network aiming to revolutionize data storage. Its investment potential depends on market adoption and competition. Like all cryptocurrencies, it carries significant risks due to volatility. Investors should carefully research and assess their risk tolerance before considering investing.
Does Filecoin have a future?
Filecoin’s future appears promising due to its unique position in decentralized data storage, addressing the growing demand for secure alternatives to traditional cloud services. Analysts predict potential price increases, with estimates suggesting it could reach $59 by 2030, contingent on market conditions and adoption rates
Can Filecoin reach $50?
Based on our current price predictions, Filecoin is likely to reach $50 by 2030. The projected Filecoin price stands at a maximum price of 58.8 by 2030.
Is it worth investing in Filecoin?
Investing in Filecoin may be worthwhile due to its innovative approach to decentralized data storage, which meets growing demand in the tech sector. However, potential investors should consider market volatility and conduct thorough research, as price predictions vary widely, reflecting both optimism and caution among analysts
Is Filecoin safe?
Filecoin employs cryptographic security for its decentralized storage network and rebust security protocols, including a cryptographic proof for data integrity, but it is not without risks. Potential issues include market volatility, regulatory uncertainty, and technical vulnerabilities. Users should thoroughly research and exercise caution when using or investing in Filecoin.
Is Filecoin built on Ethereum?
Filecoin is not built on Ethereum; it operates on its blockchain. However, it has integrated with Ethereum to enhance functionality, enabling smart contracts and facilitating interactions between the two ecosystems. This collaboration allows developers to leverage both platforms for decentralized storage and applications
Recent news / Opinions on Filecoin
Filecoin and IPFS push boundaries as space becomes the new arena for resilient data tech!
Filecoin partners with Bagel Network to elevate AI reasoning, pushing towards LLMs that think smarter!
Filecoin price prediction December 2024
Filecoin’s market price in December is predicted to reach a maximum price of $8, with a minimum price of $7.77 and an average trading price of $7.91.
| Filecoin price prediction | Potential Low | Potential Average | Potential High |
| Filecoin Price Prediction December 2024 | $7.77 | $7.91 | $8.00 |
Filecoin FIL price Forecast 2024
The Market price for FIL is expected to reach a Maximum price of $17.28 by 2024. However, traders can expect a minimum trading price of $6.98, with an average price of $16.86.
| Filecoin price prediction | Potential Low | Potential Average | Potential High |
| Filecoin price prediction 2024 | $6.98 | $16.86 | $17.28 |
Filecoin Price Forecast 2025 – 2030
| Filecoin Price Prediction | Potential Low ($) | Potential Average ($) | Potential High ($) |
| 2025 | $16.84 | $19.18 | $20.3 |
| 2026 | $23.16 | $27.4 | $28.4 |
| 2027 | $30.23 | $34.7 | $35.7 |
| 2028 | $30.23 | $34.7 | $35.7 |
| 2029 | $37.32 | $41.15 | $43.17 |
| 2030 | $53.06 | $57.34 | $58.8 |
Filecoin Price Prediction 2025
The Filecoin forecast for 2025 suggests a price range of $16.84 to $20.30, with an average fil rate of $19.18.
Filecoin Price Prediction 2026
In 2026, FIL’s Average price is expected to be $27.4. Its minimum and maximum trading prices are predicted to be $23.16 and $28.4, respectively.
Filecoin (FIL) price prediction 2027
The price for Filecoin is predicted to reach a maximum value of $35.70 in 2027. On the lower end, FIL is expected to trade at $30.23, with an average of $34.7.
Filecoin Price Prediction 2028
Traders can expect an average trading price of $34.70, with minimum and maximum prices of $30.23 and $35.7, respectively, in 2028
Filecoin Price Prediction 2029
For 2029, the price prediction for FIL is expected to be around a minimum value of $37.32, with an average value of $41.15. Nonetheless, FIL is expected to trade at a Maximum value of $43.17.
Filecoin (FIL) price prediction 2030
In 2030, FIL’s average forecast price could be $57.34. Its minimum and maximum trading price is expected to be $53.06 and $58.8, respectively.
Filecoin market price prediction: Analysts’ Filecoin price forecast
| Firm Name | 2024 | 2025 |
| Priceprediction.net | $8.94 | $14.80 |
| Changelly | $7.80 | $10.01 |
Cryptopolitan’s Filecoin(FIL) price prediction
According to Cryptopolitan projections, the price of FIL could reach a maximum of $17.28 by 2024. However, traders should also be aware of potential market volatility, which could reduce the price to a minimum of $6.98. The average trading price for FIL is expected to hover around $16.86, indicating both optimistic market trends and the risks of potential declines.
Filecoin’s historic price sentiment
- Filecoin (FIL) started trading in December 2017, a short period after conducting its ICO. Trading started long before the Filecoin mainnet was released.
- Between December 2017 and May 2020, FIL traded below $30. Then, starting mid-May, the Filecoin price started rising, and the bull trend continued until 01st April 2021, when it hit its highest price of $237.24.
- After hitting its all-time high in mid-May 2021, Filecoin took a bearish turn, which continued until mid-July when the market turned bullish again.
- Filecoin (FIL) experienced notable price fluctuations between 2022 and 2023. Starting 2022 at a higher value, FIL’s price declined amidst the broader crypto market downturn.
- The price fluctuated throughout 2022, influenced by market sentiment, technological developments, and broader economic conditions.
- Entering 2023, Filecoin (FIL) exhibited a dynamic price trajectory. The year commenced with FIL at $3 in January, experiencing a gradual ascent amid market fluctuations. By mid-year, it surged slightly to $4.32.
- At the beginning of January 2024, Filecoin prices varied, starting the year at $7.65 and peaking at $7.18 the following day. There was a significant drop in the subsequent days, with prices dipping to a low of $5.83 on January 14th.
- Throughout the following months, the price of Filecoin generally trended downward, from the highs of early January to more moderate levels. By March, the prices showed more stability, fluctuating between $5.60 and $6.15.
- Filecoin (FIL) began April with a high of $6.58, experienced a mid-month low of $5.14, and closed around $6.14 towards the end of the month.
- May 2024: The price opened at $6.03, dipped to a low of $5.42 by mid-May, and stabilized around this lower value by May 13th, indicating continued volatility.
- June 2024: FIL is trading between $4.18 – $6.73.
- On July 30, Filecoin’s price traded at $4.33, but it dropped to $3.57 by August 31, showing a decrease over the month despite a marginal increase in 24-hour trading volume of $95.24 million.
- Between September 28 and November 3, Filecoin (FIL) experienced a consistent decline in price, falling from $4.13 to $3.3743. Its trading volume dropped from $157.63 million on October 2, when the price was $3.50, to $80.79 million by November 3, reflecting reduced market activity. By the end of October, FIL traded at $3.4657, highlighting the asset’s ongoing bearish trend.
- On December 05, FIL traded at $8.03
