This article will be discussing the cash price predictions of Filecoin, an upcoming asset in the crypto market. While still a rather new coin, Filecoin boasts huge potential for its role in the future. Many believe it will pioneer a new era of cryptocurrency.
What is Filecoin?
Filecoin is a cryptocurrency that runs the Filecoin network. A decentralized file storage network made by Protocol Labs, a substitute for centralized file storage. Allowing people to save, retrieve, and host digital information. Purchases are made with FIL on a peer-to-peer basis over the typical blockchain system.
Filecoin Recent Updates and Price Changes
This week, Filecoin has seen growth. The value of Filecoin increased by 1.22% over the last 7 days. The overall price has risen by 7.04% in the past 24 hours. Lastly, in just the past hour, the price has increased by 0.14%. The current price now sits at $4.43 per FIL, 98.14% under a peak of $237.24. The current circulating supply of FIL is $324.35M.
Filecoin Price Prediction for 2023- 2026
In 2023, Filecoin can reach a maximum price of $10.48. With an average of around $9.23 and a minimum of $8.39. Going into 2024, a max rise of $14.68 is possible, averaging near $13.42 and bottoming out near $12.58. In 2025, an upside of $18.87 is speculated, a downside of $16.77, and an average price of $17.61. Within 2026, a maximum price of $23.07 is expected, alongside an average of $21.81 and a minimum of $20.97.
Filecoin Price Prediction for 2027- 2029
In the year 2027, FIL is estimated to touch a maximum price of $27.26. While reaching an average value close to $26.00 and a bottom-end minimum of $25.16. As we move into 2028, more people are expected to utilize this coin. Investors predict a maximum price of $31.45, averaging near $30.19 with a minimum downside of $29.36. In 2029, the growth of FIL is subject to even more growth. There is a speculated high upside of $35.65, accompanied by an average price of $34.39 and a minimum price of $33.55.
Filecoin Price Prediction for 2030- 2033
Going into 2030, Filecoin is expected to reach a new peak of $41.10. Reaching an average price of $39.42 and a minimum of $37.74. In 2031, FIL rising to $46.85 is possible, combined with an average of $44.93 and a minimum price of $43.02. In 2032, a maximum price of $52.94 is to be expected. Joined with an average of $50.77 and a minimum price of $48.61. In 2033, Filecoin capping at $60.35 is estimated. Averaging $57.87 with a minimum downside of $55.41.
Is Investing in Filecoin Still Going to Provide Good Returns?
Although in its early stages, the future of Filecoin looks bright as more people are utilizing digital decentralized storage. The network itself has a good vision and roadmap ahead. If nothing goes as planned, Filecoin should still bring stable returns as time progresses.
After considering the predictions for FIL within the decade, it’s clear that the coin is headed toward long-term linear growth. A steady rise with stability in the market. As the Filecoin network grows, FIL becomes more popular due to it being the currency used within the transaction. Alongside the network, Filecoin approaches the crypto market with unique functionality, that helps it stand out.
Disclaimer: The crypto-currency market suffers from high volatility and occasional arbitrary movements. The information listed here is not financial or investing advice. Readers should research various viewpoints and check local regulations before committing to an investment. Nothing written above is to be considered as trading or investment recommendations.