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Filecoin price prediction 2024-2030: What’s the future for FIL?

Key takeaways

  • Filecoin coin’s price faces heavy selling pressure, experiencing bearish sentiment in the short term.
  • Our Filecoin price prediction suggests an average market price of $5.65 by the end of 2024.
  • By 2030, FIL might touch $42.22 following increased institutional adoption.

The crypto industry has been consistently introducing innovative and groundbreaking projects. Among these, Filecoin (FIL) has captured attention with its unique features, particularly its decentralized file storage system, alongside its impressive growth metrics. This has firmly positioned it within the industry. Following its significant success in 2021, where it achieved substantial returns, there’s a growing interest among investors in FIL. If you’re considering investing in FIL but are uncertain about its future outlook and long-term potential, we’ve got you covered! Here, we present a comprehensive analysis of FIL’s price forecasts for 2024 and beyond.

Overview

CryptocurrencyFilecoin
TokenFIL
Price$4.475
Market Cap$1,597,660,877
Trading Volume$110,655,563
Circulating Supply2,803,634,836 
All-time High$237.24
All-time Low$1.83
24 High$ 0.5898
24 Low$ 0.5621

Filecoin price prediction: Technical analysis

MetricValue
Price Prediction$ 18.54
Volatility 6.48%
50-Day SMA$ 7.28
50-Day RSI37.82
SentimentBearish
Fear & Greed Index56 (Greed)
Green Days14/30 (47%)
200-Day SMA$ 6.26

Filecoin price analysis

FIL price analysis: Cryptocurrency upgrades to $4.475 after upside

TL;DR Breakdown

  • Filecoin price analysis confirms an uptrend.
  • The coin value has recovered past its $4.475 high.
  • Support is being provided at $3.721.

The daily and hourly Filecoin price analysis for June 27, 2024, indicates signs of a growing bullish trend. The week has proved relatively in favor of the bulls, with a few instances of bearish resistance. In the past 24 hours, a considerable rise in buying activity has been observed. The overall value of the cryptocurrency has spiked up to $4.475, confirming the upward recovery.

Filecoin price analysis 1-day chart: An upturn leads to a recovery above the $4.475 high

The daily Filecoin price analysis shows signs of a bullish trend for the day. The price movements have been fluctuating in the past few weeks. The bulls are now back on track considering the turnover in the past 24 hours. Similarly, the overall value of the cryptocurrency has recovered to $4.475. The moving average (MA) indicator shows improvement in its value because of the recent upturn. The indicator’s curve is on the ascending side, and its overall value has spiked up to $4.402.

FIL/USD 1-day price chart. Source: TradingView

The volatility is on the decreasing side, which is a positive signal for the coming market events. Whereas, the upper and lower bands of the Bollinger bands indicator have shifted their positions as a result of the declining volatility. The upper Bollinger band is currently present at $6.160 high, while the lower Bollinger band is situated at $3.721 low for now. The Relative Strength Index (RSI) indicator confirms the recent changes in price movements. Its overall value has spiked up to index 35.24, considering the recent turnover. 

Filecoin price analysis 4-hour chart: FIL devalues to $4.475 after a bearish strike

The hourly Filecoin price analysis suggests a downtrend for the cryptocurrency. The earlier hours of the day proved favorable for the buyers. However, currently, the bears are on the leading end. In the past four hours, the coin value has deteriorated to $4.475. On the other hand, the moving average (MA) indicator confirms a rise in its overall value because of the upturn since the early hours of the day. The indicator’s curve is on the bullish side, and its overall value has hiked up to the $4.400 mark.

FIL/USD 4-hour price chart. Source: TradingView

The four-hour price chart dictates a decreasing change in volatility. The upper end of the Bollinger bands indicator now shows its value at $4.524 high, hinting at the resistance. Whereas, the lower end of the Bollinger bands indicator suggests its value at $4.282, marking stable support. The RSI graph displays a sharp bullish curve on the graph. Its overall value, however, has dropped to index 56.20 amidst the ongoing downside.

Filecoin technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValueAction
SMA 3$ 5.99SELL
SMA 5$ 5.87SELL
SMA 10$ 5.95SELL
SMA 21$ 5.98SELL
SMA 50$ 7.28SELL
SMA 100$ 7.52SELL
SMA 200$ 6.26SELL

Daily exponential moving average (EMA)

PeriodValueAction
EMA 3$ 5.99SELL
EMA 5$ 6.00SELL
EMA 10$ 6.00SELL
EMA 21$ 6.26SELL
EMA 50$ 6.96SELL
EMA 100$ 7.05SELL
EMA 200$ 6.50SELL

Filecoin technical analysis: Conclusion

The daily and hourly Filecoin price analysis is suggestive of an uptrend for the cryptocurrency today. The bulls have bounced back in the past 24 hours as the buying pressure has resumed once again. Overall, the cryptocurrency has recovered up to $4.475 as a result of the upturn today. On the opposite side, the four-hour price analysis remained in support of the bears.

Recent news/opinion on Filecoin

  • Network Upgrade and Technical Enhancements: Filecoin has successfully integrated with Solana to store the blockchain’s historical data, highlighting a strategic collaboration aimed at leveraging Filecoin’s decentralized storage capabilities for enhancing blockchain data accessibility​.
  • Expansions in Decentralized Storage Solutions: Filecoin’s ecosystem has seen the introduction of new decentralized storage solutions, such as the integration with Swan Multi-Chain Storage. This integration allows for a more seamless user experience in uploading, storing, and retrieving data across the Filecoin network without requiring deep technical expertise. Such collaborations enhance Filecoin’s utility by offering cross-chain compatibility and improved security through distributed storage architecture​.

Is Filecoin a good investment?

Filecoin’s value proposition lies in its utility as a decentralized storage network, which could see increased demand with the growth of data storage needs and decentralization trends. Its investment potential is subject to the usual risks of cryptocurrency volatility, market sentiment, and regulatory changes. Long-term viability would depend on adoption rates, technological robustness, and the competitive landscape. Investors should weigh these factors and perform due diligence, considering both the technology’s fundamentals and market dynamics, before making investment decisions.

Recent news / Opinions on Filecoin

Filecoin (FIL) has partnered with CoinDesk to conduct a decentralized storage test. The test aims to evaluate the network’s capability to store and retrieve data.

Filecoin price prediction July 2024

According to experts, Filecoin’s price is predicted to maintain a stable market price of $3.51. Nonetheless, due to the speculative nature of the market, traders can expect variations in trading prices across the month.

Filecoin price predictionPotential LowPotential AveragePotential High
Filecoin price prediction June 2024$3.51$3.51$3.51

Filecoin price prediction 2024

The Market price for FIL is expected to reach a Maximum price of $7.70 by the fourth quarter of 2024. However, traders can expect a minimum trading price of $3.11, with an average price of $7.52.

Filecoin price predictionPotential LowPotential AveragePotential High
Filecoin price prediction 2024$3.11$7.52$7.70

Filecoin price prediction 2025 – 2030

Filecoin Price PredictionPotential Low ($)Potential Average ($)Potential High ($)
2025$7.51$8.55$9.05
2026$10.33$12.22$12.66
2027$13.48$15.57$15.92
2028$13.48$15.47$15.92
2029$16.64$18.35$19.25
2030$23.66$25.57$26.22

Filecoin price prediction 2025

The Filecoin forecast for 2025 suggests a price range of $7.51 to $9.05, with an average fil rate of $8.55.

Filecoin price prediction 2026

In 2026, FIL’s Average price is expected to be $12.22. its minimum and maximum trading prices are predicted to be $10.33 to $12.66, respectively.

Filecoin (FIL) price prediction 2027

The price for Filecoin is predicted to reach a maximum value of $15.92 in 2027. On the lower end, FIL is expected to trade at $ 13.48, with an average of $15.47.

Filecoin price prediction 2028

Traders can expect an average trading price of $15.47, with a minimum and maximum prices of $13.48 and $15.92, respectively in 2028

Filecoin price prediction 2029

For 2029, the price prediction for FIL is expected to be around a minimum value of $16.64, with an average value of $18.85. Nonetheless, FIL is expected to trade at a Maximum value of $19.25

Filecoin (FIL) price prediction 2030

In 2030, FIL’s average forecast price could be $25.57. Its minimum and maximum trading price is expected to be $23.66 and $26.22, respectively.

Filecoin market price prediction: Analysts’ Filecoin price forecast

Firm Name20242025
CoinCodex$10.05$16.95
Priceprediction.net$5.53$8.59

Cryptopolitan’s Filecoin(FIL) price prediction

Continuous improvements and collaborations are expected to increase the value of Filecoin (FIL) significantly. Cryptopolitan projections suggest that the price of FIL could soar to $7.70 by the close of 2024, buoyed by optimistic market trends. However, potential market volatility and growing competition could negatively impact its value. Consequently, there’s a possibility that the price might experience a decline in the near future, potentially dropping to as low as $3.11.

Filecoin historic price sentiment

  • Filecoin (FIL) started trading in December 2017, a short period after conducting its ICO. Trading started long before the Filecoin mainnet was released. 
  • Between December 2017 and May 2020, FIL traded below $30. Then, starting mid-May, the Filecoin price started rising, and the bull trend continued until 01st April 2021, when it hit its highest price of $237.24.
  • After hitting its all-time high in mid-May 2021, Filecoin took a bearish turn, which continued until mid-July when the market turned bullish again.
  • Filecoin (FIL) experienced notable price fluctuations between 2022 and 2023. Starting 2022 at a higher value, FIL’s price declined amidst the broader crypto market downturn.
  • The price fluctuated throughout 2022, influenced by factors such as market sentiment, technological developments, and broader economic conditions.
  • Entering 2023, Filecoin (FIL) exhibited a dynamic price trajectory. The year commenced with FIL at $3 in January, experiencing a gradual ascent amid market fluctuations. By mid-year, it surged slightly to $4.32.
  • At the beginning of January 2024, Filecoin prices varied, starting the year at $7.65 and peaking at $7.18 the following day. There was a significant drop in the subsequent days, with prices dipping to a low of $5.83 on January 14th.
  • Throughout the following months, the price of Filecoin generally trended downward, from the highs of early January to more moderate levels. By March, the prices showed a bit more stability, fluctuating between $5.60 and $6.15.
  • Filecoin (FIL) began April with a high of $6.58, experienced a mid-month low of $5.14, and closed around $6.14 towards the end of the month.
  • May 2024: The price opened at $6.03, dipped to a low of $5.42 by mid-May, and stabilized around this lower value by May 13th, indicating continued volatility​.
  • June 2024: FIL is trading between $4.18 – $6.73.

FAQs

Where can I buy Filecoin (FIL)?

You can buy Filecoin on Coinbase, Binance, Kraken, and Huobi Global.

Where can I safely store Filecoin?

You can safely store Filecoin on your Math wallet. If you are already running your own lotus node, you can also manage FIL wallets from the command line. Filecoin provides support for some of the wallets enumerated here..

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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