|Based on||Decentralized storage|
|All-time high||$35.08 USD|
|Exchange Platform||Gemini, Gate.io, BitForex, Poloniex, BitZ, BiKi, TOKOK, BitAsset, Lbank, Excc, Coinlist Pro, BiOne.|
|Wallet||Math Wallet, Gemini Wallet.|
Filecoin Price Prediction: Filecoin (FIL) as the name suggests it is a storage-based blockchain project that aims to innovate traditional storage systems. Filecoin is nothing but a decentralized storage network that allows the user to store their data or information. The project will not be operated by any third party or central entity and will have economic incentives to ensure stored file reliability. Basically, Filecoin work as peer to peer network that simply stores files for users.
Filecoin allows users and storage providers to join the network, where anyone can store file and provider storage to get paid. Filecoin aims to bring cheap, affordable, and transparent storage pricing to the marketplace considering the requirements of users, however, the price of storage will not be decided by any single company. Filecoin will open the market for storing and retrieving information for everyone. while, storing files users get the benefit to choose speed, redundancy, the trade-off between costs with customized miner as per their requirement. Filecoin applications also allow negotiating storage on the network with any miner as per user choice.
Filecoin ecosystem along with blockchain uses native cryptocurrency or native token i.e. FIL. This token can earn by the storage miners for storing files and verify files using their own blockchain, as every transaction is recorded with blockchain.
Filecoin Price Prediction
|Month & Year||FIL Price Prediction|
Filecoin Price Analysis
Filecoin (FIL) Price as per expectation and demand of cloud storage it started following the bullish trend. Filecoin after the announcement major crypto trading platform i.e. Gemini it started seeing huge growth in investment and volume. Filecoin since April 2019 trading at an average price of $4.50 USD and in April 2020 price started surging. Filecoin in the last 7 months is hiked from $4 USD to $35.08 USD i.e. all-time high of October with a 775% price change.