This Filecoin (FIL) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our FIL price analysis and prediction.
Filecoin (FIL) so far has become one of the most impressive cryptocurrencies this year. Specifically, the crypto was able to record an all-time-high price of $231.84 last April. This aggressive performance of the crypto attracts the attention of investors around the world. As a result, Filecoin’s trading volume surges to over $1 billion in the past few months.
Regarding Filecoin’s technology, the network uses blockchain technology to run its operations. Mainly, the crypto uses blockchain for the storage of its users’ files on the storage miners. These storage miners are the ones responsible for keeping the files on track and their authenticity. With this, users of the network can be sure that their files are stored reliably and correctly over time.
In this FIL price analysis and price prediction, we take a look at the performance of FIL if it will reach $100. But before that, let us learn more about what is Filecoin (FIL) and its current position in the crypto market.What is Filecoin (FIL)?
Filecoin is a storage network based on blockchain technology that turns cloud storage into an algorithmic market. It aims to provide all its users worldwide with a safe place to store common and sensitive data or information. Best of all, FIL is designed to be user-friendly in a way that it has special software that enables its users to store data on a PC’s hardware.
The Filecoin network was launched in 2014 and was designed by the Protocol labs. It is built on top of the Interplanetary File System, allowing users to rent unused hard drive spaces. On the other hand, the miners that facilitate or provi...