Currently, it is trading at around $4.49 with a market cap of $1,895,872,062 Later, the FIL token managed to regain its lost momentum and hit $95 again but faced tremendous correction. However, after hitting ATH, the token faced a sharp fall and reached below $35 by the end of the year. However, the performance of Filecoin in the year 2021 was surprisingly a blessing for investors as the FIL price reached its all-time high of $237.24. However, in June 2020, the FIL price showed a marginal recovery of $12.10. By 2019, the price of Filecoin (FIL) reached a lower $2. But this trend did not last long and fell drastically. January 2018 witnessed a huge escalation in Filecoin price to $10.30. It has been very active in raising more than $200 million just within 30 minutes of launch. The authorized personnel supervises the fragmentation of data, even though on another server, leakages of all kinds are so prevented, unlike the PoS (Proof-of-Stake), wherein the team is penalized for pilferage of data on a hard drive.įilecoin was launched in August 2017 by Protocol Labs and Juan Benet. Simultaneously complete privacy is guaranteed via encryption. Even the files originating from different geographies pose no threats as they can be accessed by any user. How does FIL Ensure Privacy?īeing a genesis of a decentralized network that enables encryption of data, files are not just safe they are secure too. Since the entire ecosystem of Filecoin revolves around the decentralized protocol, the entire process works expeditiously, and being universal, Filecoin can be used by any entity willing to share part of a hard drive with other users. The same is true with FIL’s pace of implementation. Microsoft, Bill Gates coined the statement: of Thought. The Filecoin network has compensated for this purpose: FIL is the native token that not only caters to the storage of files but also ensures their safe recovery. This is a nodal factor that enumerates the specifics of data transmission. The most important question that emerges here is: how to ensure that data is appropriately and securely stored? Here comes the role of PoR ( Proof-of-Replication). If you are looking for a Filecoin price prediction or forecast, Our in-depth analysis aims to answer your questions like, Is Filecoin crypto a good investment? Can Filecoin reach $100? How high can the FIL price go? Before we start with a detailed Filecoin price prediction, let’s dive into the coin’s overview. There is a slightly bearish sentiment residing in the market, but the long-term sentiment remains bullish, and the FIL crypto price could reach above $15 in 2025. However, in the past 24 hours, the FIL token corrected almost 2%.
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