Filecoin Price Prediction: down to $0 321? FIL to USD Forecast 2023, Long-Term & Short-Term Price Prognosis

FileCoin price forecast at the end of the month $0.80, change for October 9.6%. FileCoin price prediction for August 2027.In how to buy nft the beginning price at 0.92 Dollars. FileCoin price forecast at the end of the month $0.87, change for August -5.4%.

• Similarly, Wrapped Filecoin resistance levels are at $ 8.84, $ 8.84, and $ 8.84.
• At CryptoPredictions we provide daily, monthly and yearly predictions for Filecoin and other cryptocurrencies.
• In the beginning price at 5.21 Australian Dollars.
• Over the last 24 hours, FIL has experienced bearish pressure as it fails to move past EMA50.
• FileCoin price forecast at the end of the month 7.85, change for July 16.0%.

Just like with any other asset, the price action of Filecoin is driven by supply and demand. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of FIL. The market capitalization of Filecoin can change significantly in a short how to buy axs crypto period of time. Based on our algorithmically generated price prediction for Filecoin, the price of FIL is expected to decrease by 15.24% in the next month and reach $ 3.77 on Nov 5, 2023. Additionally, Filecoin’s price is forecasted to gain 43.39% in the next six months and reach $ 4.70 on Apr 3, 2024.

Filecoin (FIL) Price Prediction 2024

According to our predictions, this won’t happen in near future. The good news is that the network is one of the few that operate within its decentralized storage niche market. The AI bot expects FIL’s price to hit $300 by the end of the year — a very high figure by all accounts. We decided to go through the AI route in our pursuit of wanting to find out what the future has in store for Filecoin. ChatGPT can be quite useful at times, but it is not the most accurate either.

The price of Ethereum Wrapped Filecoin decreased by -31.74% in the last 1 year. The current Ethereum Wrapped Filecoin sentiment is bearish according to our technical analysis. The majority of technical indicators are showing sell. The Ethereum Wrapped Filecoin price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days.

But the price action in the last few months hasn’t inspired many. A brief rally took gains to over 100% in late July, breaking through some local daily highs. However, since then, FIL has lost over 80% of those gains as of early September 2022.

What is Filecoin (FIL)?

The bulls were pushing harder to get in and seemed to have little success. In February 2023, a bullish sentiment started to take over. However, it started to show signs of weakness in March as the CMF moved closer to the zero line. January 2023 denoted a period where bearish sentiment started to weaken, and bulls started to take over.

Filecoin Price prediction by year

Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Filecoin. January 2018 witnessed a huge escalation in Filecoin price to $10.30. But this trend did not last long and fell drastically. By 2019, the price of Filecoin (FIL) reached a lower $2.

How to read and predict Filecoin price movements?

According to our Filecoin price prediction for 2023, the FIL token is estimated to trade at a minimum price of $4.75 and an average value of $4.95. According to our technical analysis and projection for 2023, Filecoin is expected to trade at a maximum of $5.66 if the market sentiment stays positive. According to our current Wrapped Filecoin price prediction, the price of Wrapped Filecoin is predicted to rise by 9.06% and reach $ 9.64 by October 11, 2023. According to our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 50 (Neutral). Wrapped Filecoin recorded 30/30 (100%) green days with 0.00% price volatility over the last 30 days. Based on our Wrapped Filecoin forecast, it’s now a good time to buy Wrapped Filecoin.

Filecoin (FIL) Historical Price & Market Analysis

All these things considered, there is general uncertainty about price directions for the coming days. Any more bearish pressure and Filecoin may move to the support level at $2.50. Filecoin is a decentralised file storage protocol that allows users to rent out disk space and get paid for it in Filecoin (FIL) cryptocurrency. People who purchase historical cost concept storage space can get it at a very competitive price compared to centralised cloud services. This technology should create a global market for disk space. Since the Wrapped Filecoin market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Wrapped Filecoin’s price movements.

For starters, the volatility of FIL peaked in early August 2022, after which we saw a price drop. After that, prices dropped every time the volatility indicator made a lower high. As you can see, the FIL’s volatility is surging, which could push prices down in the short term. The daily chart indicates that the initial point of resistance on the upside is located at the $4.04 level.

Good Investment? Current price today: ▲3.277 USD (+0.01068%)

This lasted until 21 December, when the price broke through the support level. After that, it moved sideways in the range of $20.00-$25.00. By the end of the year, the price was $24.33. At the time of writing, the FIL token ranked 34th among cryptocurrencies by market capitalisation at $1,705,316,364. Miners play a key role in keeping the Filecoin network up and running.

If it reaches the upper price target, FIL could increase by 125.40% and reach $ 7.38. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Wrapped Filecoin’s price action in 1-hour chunks.

According to our Wrapped Filecoin price prediction, WFIL is forecasted to trade within a price range of $ 8.51 and $ 70.19 next year. Wrapped Filecoin will increase by 693.93% and reach $ 70.19 if it reaches the higher value target for 2024. According to our Wrapped Filecoin price prediction, WFIL is forecasted to trade within a price range of $ 8.84 and $ 9.62 this week. Wrapped Filecoin will increase by 8.78% and reach $ 9.62 by Oct 09, 2023 if it reaches the higher value target.

FileCoin price forecast at the end of the month $0.42, change for April -16.0%. FileCoin price prediction for February 2026.In the beginning price at 0.68 Dollars. FileCoin price forecast at the end of the month $0.59, change for February -13.2%. FileCoin price prediction for December 2025.In the beginning price at 0.70 Dollars.