It finally launched on 15 October 2020, and the project’s coin was immediately listed on the market’s largest cryptocurrency exchanges. As the blockchain industry develops, the range of services offered by blockchain projects is expanding. Of course, it was only a matter of time before blockchain developers got to the cloud storage market. It’s a growing segment, and given the speed at which data is being created, it makes sense that the need for additional storage space continues to grow. Based on multiple technical quantitative indicators, the current forecast for Wrapped Filecoin in 2023 is neutral. This could be an indication that Wrapped Filecoin is a good buy in 2023.
- That’s not a very good outlook for Filecoin.
- The 50-day SMA indicates the average price of Ethereum Wrapped Filecoin over a 50-day period.
- By 2031, Filecoin is expected to have a maximum price of $57.80, with an average trading price of $56.99.
- FileCoin price prediction for December 2024.
Filecoin has gone up by 1.45% in the past 30 days. If the EFIL price moves above any of these averages, it is generally seen as a bullish sign for Ethereum Wrapped Filecoin. Conversely, a drop below an important moving average is usually a sign of weakness in the EFIL market. Many cryptocurrency how to stake vet traders pay close attention to the markets when the current Ethereum Wrapped Filecoin price crosses an important moving average like the 200-day SMA. The Ethereum Wrapped Filecoin price prediction for 2025 is between $ 7.62 on the lower end and $ 30.72 on the high end.
What will Filecoin be worth next month (November ?
The current Filecoin sentiment is bearish according to our technical analysis. DigitalCoinPrice has the most optimistic price prediction yet. They predict that FIL will be valued at around $8.00 by the end of 2022. They also forecast that growth from cryptocurrency trading blog 2022 to 2026 will be minimal. However, they believe that, by 2030, the token will be worth more than $100. Initially, the launch of Filecoin’s mainnet was slated for early 2019, but it was postponed several times due to development difficulties.
This could be an indication that Ethereum Wrapped Filecoin is a bad buy in 2023. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 27.86, which indicates that the EFIL market is in a oversold position. The RSI indicator suggests that the price of EFIL will decrease. Based on multiple technical quantitative indicators, the current forecast for Binance Filecoin Short in 2023 is bearish.
- Overall, Filecoin provides an efficient, secure, and decentralized way for the storage and retrieval of data.
- Filecoin rests on top as the security and incentive layer.
- FileCoin price forecast at the end of the month $0.80, change for October 9.6%.
- Instead, FIL — the native token of the Filecoin ecosystem — is meant to incentivize storage providers and data retrievers.
- Well, if you were clued up on Filecoin — a decentralized storage ecosystem — you could sell that storage space for FIL tokens.
- Filecoin traders use a variety of tools to try and determine the direction in which the FIL market is likely to head next.
Filecoin serves as an online storage solution. Its decentralized nature sets it apart from Google Drive or other digital storage providers. In simple terms, Filecoin delivers storage for users by the users. IPFS — or the InterPlanetary File System — is the underlying protocol. Filecoin rests on top as the security and incentive layer.
Because Filecoin has strong fundamentals and a lot of people are invested in this cryptocurrency, we predict that the future for FIL looks promising. This graph contains dummy data, create an account to view the real predictions. Over the last 7 days, Filecoin has been showing bearish signs as the coin dropped 1.43%. Due to this, we expect a slight recovery within the next week as investors take advantage of this dip as an opportunity to buy FIL.
Filecoin monetizes user information, and the unique characteristic of Filecoin is that it is entirely decontrolled with no regulation in the backdrop. Therefore, the drop from the expected high in 2026 can be up to $13.699, which is a strong support level. The distance might vary, but we shall take the average how to buy dash as 97 days — according to the table-specific data. As it is a bear market, the timeline can vary as it did in the case of B1 to M1. Therefore, we expect A1 to surface at $7.70 by late February, per our FIL price prediction 2023 model. Therefore, the next low or M1 could be in 117 days and at a drop of 87.50%.
The 50-day SMA indicates the average price of Ethereum Wrapped Filecoin over a 50-day period. A rising 50-day SMA indicates a positive EFIL price trend in the medium term, while a dropping SMA indicates the opposite. Ethereum Wrapped Filecoin is forecasted to trade within a range of $ 3.40 and $ 4.50. If it reaches the upper price target, EFIL could increase by 15.03% and reach $ 4.50.
What is Wrapped Filecoin’s 200-Day SMA and what does it indicate?
The 200-day SMA is calculated by taking Filecoin’s closing prices in the last 200 days, adding them together, and dividing the total by 200. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50. According to our Filecoin forecast, the price of Filecoin will decrease by -0.10% over the next week and reach $ 3.27 by October 11, 2023. Filecoin is predicted to gain 0.00% and reach a price of $ 3.28 tomorrow. Based on our technical indicators, Filecoin’s 200-day SMA will drop in the next month and will hit $ 4.14 by Nov 05, 2023.
Simple moving averages
The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued. Ethereum Wrapped Filecoin’s 50-day SMA (simple moving average) is currently $ 3.91.
However, on the downside, the Filecoin price may trade around its immediate support of around $5.70. Our Filecoin price prediction model, shows that FIL has the potential to go as high as $1000 by 2040. This price forecast comes from the fact that FIL peaked in 2021 and crossed $237 with ease. However, for it to go as high as $1000, it will require serious levels of adoption.
Filecoin Price Prediction, FIL Forecast
As a result, the predictions on our website should not be taken as financial advice and you should do your own research. Consult your financial advisor before making any investment decisions. FileCoin price prediction for August 2026. In the beginning price at 7.85 Australian Dollars. FileCoin price forecast at the end of the month 9.11, change for August 16.1%. In the beginning price at 5.84 Australian Dollars.
FileCoin price prediction for June 2025.In the beginning price at 0.95 Dollars. FileCoin price forecast at the end of the month $1.06, change for June 11.6%. FileCoin price prediction for April 2025.In the beginning price at 1.34 Dollars.
FileCoin price prediction for February 2024.In the beginning price at 2.76 Dollars. FileCoin price forecast at the end of the month $2.98, change for February 8.0%. FileCoin price prediction for December 2023.In the beginning price at 3.14 Dollars. FileCoin price forecast at the end of the month $3.28, change for December 4.5%. FileCoin price prediction for October 2023.In the beginning price at 3.36 Dollars.
The high for 2026, therefore, might surface at $17.57 — showing tepid growth from 2025. However, by this time the price of FIL will assumably stop dropping as low as previously, especially with the bull market settling in. Before we proceed with a broader picture, it is time to understand a few things about the price movements of Filecoin. Anybody looking to predict the future maximum price of FIL should consider the social and volatility metrics of the project.
⚡ What will be the Filecoin price tomorrow?
FileCoin price forecast at the end of the month 4.36, change for January -16.0%. In the beginning price at 5.02 Australian Dollars. FileCoin price forecast at the end of the month 4.93, change for November -1.8%. It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase.