Filecoin Price Prediction 2024, 2025, 2030: Is FIL Price Worth Investing?

Filecoin Price Prediction

The post Filecoin Price Prediction 2024, 2025, 2030: Is FIL Price Worth Investing? appeared first on Coinpedia Fintech News

Story Highlights

  • The live price of Filecoin is  $ 6.12996201
  • FIL price might hit a maximum of $10.12 by the end of 2024.
  • Filecoin (FIL) price with a potential surge, could go as high as $60.20 by the end of 2030.

The fast-paced crypto town has been delivering groundbreaking unique projects every day. One of the innovative crypto assets that stunned the space with its distinctive features is Filecoin (FIL). The network with its Decentralized file storage system, and growing metrics has established its reign in the business.

After its massive run in 2021, where the asset scored triple-digit returns, marketers are keen on investing in FIL. Are you keen on investing in FIL, but doubtful of its projections shortly and in the long term? Look no further, as we bring to you the plausible FIL price predictions for 2024 and the years to come!

Overview

Cryptocurrency Filecoin
Token FIL
Price  $ 6.12996201 green 4.16%
Market cap  $ 3,411,879,778.4506
Circulating Supply  556,590,689.0000
Trading Volume   $ 171,631,640.9523
All-time high $237.24 on 01st April 2021
All-time low $1.83 on 30th August 2019
24 High  $ 5.9750
24 Low  $ 5.6910

*The statistics are from press time.

Filecoin Price Prediction June 2024

Despite increased price volatility in the market, the FIL price continues to trade in a closed range between $5.530 and $6.760 for a brief period, indicating a weak price action for the altcoin in the crypto space. However, the Filecoin price has added approximately 10% within the past week, suggesting a potential bullish reversal in the coming time.

The Cross EMA 50/200-day displays a high possibility of a Golden Cross in the coming days, indicating a bullish outlook for the altcoin.

Filecoin Price Prediction 2024
TradingView: FIL/USDT

The Moving Average Convergence Divergence (MACD) displays a constant green histogram in the chart, indicating an increase in the buying pressure within the crypto space. Moreover, the averages show a bullish uptrend, suggesting the price will continue gaining value in the coming time.

if the market continues to gain momentum, the File coin price will break out of its important resistance level and prepare to test its upper high of $8.045 in the coming time. However, bearish price action could pull the price toward its crucial support level of $5.530 this month.

FIL Crypto Price Prediction 2024

The year 2024 remains of vital importance for the crypto industry, as it marks Bitcoin’s halving event. If the crew behind Filecoin makes the most out of the year, by rolling out developmental upgrades and community-building initiatives. The price of FIL might propel to its potential high of $10.12. 

However, factors like soaring inflation numbers and negative criticism cannot be ruled out. In such circumstances, the digital token could sink to the low of $5.50. That said, the lack of fulfilling events could limit the price to an average level of $8.81.

FIL Price Prediction 2024 – 2030

Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2024 5.50 8.81 10.12
2025 11.26 15.96 20.67
2026 15.49 22.40 29.31
2027 21.67 28.94 36.22
2028 27.88 34.63 41.38
2029 32.31 40.71 49.11
2030 39.95 50.07 60.20

Filecoin Price Prediction 2025

By the end of 2025, the Filecoin price might continue to peak and it may break all its past price records. The firm might announce new services to its trading to enhance the minds of the investors to invest in FIL. Successively, the asset might reach the $20.67 mark. 

However, if any strong regulatory restraints impact the price action, then the FIL price may end up trading at $11.26. That said, constrained by an upright momentum, the regular price might find its base at $15.96.

Filecoin Crypto Price Prediction 2026

According to forecast prices and technical analysis, the price of FIL is projected to reach a minimum of $15.49 in 2026. The maximum price could hit $29.31, with an average Filecoin price of around $22.40.

Filecoin Price Prediction 2027

Looking forward to 2027, FIL price is predicted to reach a low of $21.67, with a high of $36.22 and an average price of $28.94.

FIL Price Prediction 2028

In 2028, the price of a single Filecoin is anticipated to reach a minimum of $27.88, with a maximum of $41.38 and an average price of $34.63.

FIL Coin Price Prediction 2029

By 2029, the price of FIL might reach a minimum of $32.31, with the potential to hit a maximum of $49.11 and an average of $40.71.

Filecoin Price Prediction 2030

In 2030, Filecoin is predicted to touch its lowest price at $39.95, hitting a high of $60.20 and an average FIL price of $50.07.

Market Analysis

Firm Name 2024 2025 2030
Wallet Investor $8.851 $11.165
priceprediction.net $11.68 $16.80 $114.18
DigitalCoinPrice $16.70 $19.00 $56.81

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

CoinPedia’s Filecoin Price Prediction

The constant upgrades and partnerships will give a massive boost to the price of Filecoin (FIL). According to CoinPedia’s formulated Filecoin price prediction. With a spike in bull market sentiments, FIL’s price may skyrocket to $10.12 by the end of the year 2024. 

On the downside, future market fluctuations and increased competition may adversely affect the altcoin’s price. Therefore, the price may see a downtrend in the upcoming months. Which may result in a collapse of the coin’s price to $5.50.

What Is Filecoin (FIL)?

Filecoin is a trusted decentralized storage system, to “store humanity’s most important information”. Moreover, the asset is an open-source cloud storage cryptocurrency. Launched with the aim of blockchain-based cooperative digital storage and retrieval. 

Similar to Ethereum, Cardano, and many other assets, Filecoin has its native token FIL. This is an ERC 20 token in the Binance smart chain mainnet. This native protocol incentivizes a global network of computer operators to pay for digital storage and retrieval, and other transactions on the platform.

Fundamental Analysis

The initial release of Filecoin was on the 15th of July 2014 and went live on the mainnet in October 2020. The platform was founded by Juan Benet, who was a Computer scientist from the USA, who completed his studies at Stanford University. 

To bring revolutionary changes in the DeFi space, he launched Protocol Labs in the year 2014. To promote Filecoin, an Interplanetary File System (IPFS), a peer-to-peer storage network, and other projects. Before the Filecoin mainnet launch in July 2020. Truffle Suit had declared that it would be allowing Filecoin to facilitate its investors to build DeFi Apps with 100% uptime.

Successively, this could be done by extracting the benefit of Filecoin’s digital storage miners across the world. In October 2020, Filecoin announced a partnership with consensys. To serve traders by enabling a new cost-efficient digital data storage option. Conversely, more than 60 tech firms have collaborated with Filecoin. And the platform has exceeded 1 exbibye of storage capacity.

Historic Market Sentiments 2020 – 2023

  • Filecoin entered the market in mid-October 2020. The price started to show a bullish move and reached $5 by the end of November, and with fluctuations, ended 2020 with a trading price of $4.97.
  • The first quarter of the year turned out extremely positive for Filecoin.
  • By March 15th, the price of the coin soared beyond $80. Then, surprisingly FIL price skyrocketed to hit ATH at $237.24 on the 1st of April. The Chinese market crash dragged FIL price to $72.78 by the 22nd of May. 
  • While FIL manifested a steady climb to $100 in September. However, aggravating situations plunged the price to $59.12. Failing to hold the local support, the FIL price dropped to $30.13 by the year’s end.
  • The FIL price started the year, 2022 with a tag of $34.200 but due to a series of fallouts and a market crash, the price concluded the year with a trading price of $3.023.
  • The altcoin kickstarted the year with a price of $2.917 and as the bullish sentiment took a rise the FIL experienced a jump and the token concluded the year 2023 with a trading price of $6.947.

FAQs

Is Filecoin (FIL) a good investment?

Yes, if you are planning for the long-term FIL’s price looks promising, as the coin is planning for expansion and more collaborations.

What will the maximum price of Filecoin be by the end of 2024?

If the bullish trend picks up and if the coin plans for more updates and partnerships. Filecoin’s price is expected to hit $10.12 by the year-end.

Why is the Filecoin price not going up?

Filecoin price appears to have become vulnerable to FUDs and negative market sentiments.

How high will Filecoin price hit by the end of 2025?

As per CoinPedia’s Filecoin price prediction, the altcoin can soar as high as $20.67 by the end of 2025.

Where can I buy Filecoin (FIL)?

Filecoin is available across popular platforms such as Binance, Coinbase, Huobi, and more. You can easily register there and trade the coin.

What will the maximum price of FIL by the year 2030?

With a potential surge, the price of FIL coins may reach as high as $60.20 during the year 2030.

What is the current price of one Filecoin?

At the time of writing, the price of 1 FIL token was $6.363.

FIL
BINANCE

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