Filecoin is an open-source cryptocurrency intended for digital storage and data retrieval. It’s made by Protocol Labs and builds on top of the InterPlanetary File System, allowing clients to rent unused hard drive space. The coin has massive potential, evident in 2021 as it reached $191.36 at its peak. However, the token has fallen significantly, and we expect Filecoin to range between $17.45 and $45.03 in 2022.
Moreover, Filecoin has received huge backing from institutional investors like Greyscale and IPFS. Due to its high speed, low cost, and uncompromised security, experts predict the coin will explode in the next 5 years. This page covers price forecasts until 2050 and what can impact Filecoin’s price.
Filecoin Price Analysis This Week
Filecoin is an ambitious project that is often in the news due to its potential in Web 3.0 and benefits to crypto users. Below you’ll find some fantastic in-depth Filecoin news sources.
Latest Filecoin Price Predictions by Experts
Filecoin is the biggest data storage cryptocurrency that many believe will crack the top 10 market cap of all coins. Let’s see what experts predict the future of Filecoin will look like.
Trading Beasts forecasts Filecoin will trade at $22.91 by the end of 2022.
Wallet Investor is bullish on Filecoin and forecasts $61.97 during mid-2022.
Digital Coin Price says Filecoin may cross $36.65 in the next 5 years.
GOV Capital claims now is the perfect time to buy because Filecoin will pump to $134.87 in 2022.
Filecoin Price Drop Prediction
Filecoin is unlikely to drop below $15.00 if the same market trends continue. However, if we swing to a bear market, Filecoin could possibly go below $10.00 if key support levels don’t hold. My prediction is that FIL will drop in the short term from $15.00 to $12.50 and gain significant value in the future. Overall, Analysts predict that the future Filecoin price will be influenced significantly by the growing trend of Filecoin staking, as more investors actively participate in staking their FIL tokens to secure the network and earn rewards.
Long-Term Filecoin Forecast
Filecoin has bullish forecasts long term because the cryptocurrency will play a huge role in the development of Web 3.0. As the data storing platform becomes more adopted by companies and people, Filecoin will surge in price as the token gets utilized more.
| Year | Low | High |
| 2022 | $16.64 | $45.03 |
| 2025 | $80.14 | $90.64 |
| 2030 | $156.85 | $170.41 |
| 2035 | $240.52 | $260.89 |
| 2040 | $305.04 | $345.51 |
| 2045 | $370.16 | $410.84 |
| 2050 | $530.89 | $620.77 |
Monthly Filecoin Price Forecast for 2022/2023
Now let’s discuss the month-to-month forecast for FIL. We predict Filecoin can grow above $40.00 if the right market conditions are met.
| USD/ETH | ||
| Month | Low | High |
| January | $32.09 | $37.53 |
| February | $19.43 | $25.13 |
| March | $17.63 | $19.04 |
| April | $16.64 | $17.02 |
| May | $17.85 | $19.55 |
| June | $19.49 | $22.90 |
| July | $22.03 | $25.11 |
| August | $24.91 | $26.18 |
| September | $27.87 | $31.44 |
| October | $32.75 | $34.19 |
| November | $36.40 | $40.67 |
| December | $42.98 | $45.03 |
What Impacts Filecoin Price?
Filecoin is one of the best-performing Web 3.0 tokens that jumped from $21 to $191 during the 2021 bull run. However, many beginner crypto investors don’t understand what can swing the value of FIL. Let’s dive into the details of why Filecoin price movements occur.
Market Status:
Bull runs are where cryptocurrencies gain the most value as more people and institutions invest in coins. Usually, Bitcoin pumps first, and then alt season begins. This is where Filecoin gains the most value as investors move to riskier assets. However, a bear market is terrible for Filecoin as investors pull out their funds and prices drop across the market.
Investments:
News of institutions investing in Filecoin increases prices tremendously. For example, Greyscale’s Filecoin Investment Trust announcement skyrocketed FIL prices by 300%.
News:
Political and crypto news can affect the whole market positively or negatively. Often announcements that increase crypto taxes are bearish news and swing the market downward. Therefore, keeping up to date with relevant news is key to giving yourself the best odds to beat the market.
Roadmap:
A roadmap is an excellent way to see upcoming developments in a cryptocurrency. Some events are essential for the project to succeed and significantly increase the price.
Marketing:
Perhaps the biggest factor that impacts prices is advertising. We often see coins with little utility gain huge pumps simply because their marketing team did a fantastic job. Crypto.com is a brilliant example of what expert marketing can do for a coin.
Upcoming Filecoin Events
Filecoin is planning to power the NFT market with Videocoin. The platform has recently announced integrating its decentralized video processing network with Filecoin. It aims to build the first interface uniquely designed for creating and trading video NFTs.
Filecoin Historical Price Changes
Filecoin was a highly volatile coin during its first years of development. Now we can see prices have stabilized, and it’s unlikely we’ll see prices sub $10. Let's take a look at how FIL has performed since its creation.
| Year | High | Low | Close |
| 2017 | $26.88 | $12.90 | $20.08 |
| 2018 | $27.66 | $2.88 | $2.99 |
| 2019 | $9.33 | $2.69 | $3.36 |
| 2020 | $59.26 | $2.40 | $24.35 |
| 2021 | $191.36 | $21.64 | $34.27 |
| 2022 | $36.10 | $18.15 | N/A |
Filecoin Price Prediction Chart
Filecoin Vs Bitcoin Price Prediction
Filecoin and Bitcoin have different purposes in the modern crypto market. Bitcoin is viewed as internet gold, while Filecoin is a payment method for their cloud storage service. Both coins have a capped supply, which means demand will be high in the future, leading to new all-time highs. However, Bitcoin is far more popular as many regular people and institutions buy into the token. Therefore, we won’t be seeing Filecoin surpass Bitcoin any time soon.
Live Price Chart of Filecoin: USD
Filecoin Price Prediction FAQs
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Best Brokers to Buy Filecoin
The best method to invest in Filecoin is with a cryptocurrency broker because they have high liquidity and competitive fees. We’ve researched the marketplace and found the best crypto brokers for buying FIL. You can learn more about them in the table below:
Sort by
| Name | Score | Visit | Disclaimer | |||||
|---|---|---|---|---|---|---|---|---|
1Plus500 CFD Broker | 9.8 | Visitplus500.com | 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | |||||
2eToro | 8.7 | Visitetoro.com | Don’t invest unless you’re prepared to lose all the money you invest. | |||||
3Pepperstone | 9.0 | Visitpepperstone.com | Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |||||
4Eightcap | 8.8 | Visiteightcap.com | ||||||
5Webull | 8.3 | Visitwebull.com | ||||||
6Coinbase | 8.4 | Visitcoinbase.com | ||||||
7Changelly | 7.4 | VisitChangelly.com | ||||||
8Trading 212 | 8.4 | Visittrading212.com | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
Other Price Predictions
Filecoin is one of many cryptocurrencies to track. Check out a few other cryptocurrencies to compare before making your investment decision:
2022 NEAR prediction
2022 Waves prediction
2022 Kusama and Polkadot prediction
2022 Tezos prediction
2022 Litecoin prediction
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I've been deeply entrenched in the cryptocurrency space for years now, studying and closely following various projects and their developments. My expertise extends to understanding the intricate workings of blockchain technology, including specific platforms like Filecoin, which stands as a pioneer in decentralized storage solutions. Now, onto the breakdown:
Filecoin Overview:
Filecoin, birthed by Protocol Labs, leverages the InterPlanetary File System (IPFS) to enable users to rent out their idle hard drive space. This decentralized approach to storage not only ensures data security but also presents an intriguing use case for its native cryptocurrency, FIL.
Filecoin's Market Performance:
In 2021, Filecoin saw staggering growth, hitting an all-time high of $191.36. However, the subsequent drop brings it to a predicted range of $17.45 to $45.03 in 2022. Despite fluctuations, institutional backing from Greyscale and IPFS underscores its potential.
Price Predictions and Forecasts:
Numerous experts offer varied forecasts:
- Trading Beasts: Predicts $22.91 by 2022 end.
- Wallet Investor: Bullish at $61.97 by mid-2022.
- Digital Coin Price: Suggests crossing $36.65 in five years.
- GOV Capital: Projects a surge to $134.87 in 2022.
Factors Impacting Price:
Several factors influence Filecoin's value:
- Market Status: Bull runs fuel gains, while bear markets witness pullouts.
- Investments: Institutional backing skyrockets prices, like Greyscale's involvement.
- News: Political and crypto-related announcements shape market sentiment.
- Roadmap & Marketing: Development milestones and effective marketing play pivotal roles.
Long-Term Forecasts:
Bullish long-term forecasts align with Filecoin's role in Web 3.0, predicting significant value surges through 2050.
Month-to-Month Forecast (2022/2023):
Projections suggest potential growth above $40.00 under favorable market conditions, indicating a fluctuating but generally upward trend.
Factors Influencing Price Fluctuations:
Filecoin's price swings respond to market dynamics, investment influx, news, project roadmap, and marketing strategies.
Historical Price Changes:
From its inception to date, Filecoin's price has seen considerable volatility but has stabilized, signaling a shift from its early erratic patterns.
Filecoin Compared to Bitcoin:
Filecoin serves distinct purposes in contrast to Bitcoin's store of value narrative, with both having capped supplies and potential for future value surges.
FAQs:
Numerous questions abound regarding Filecoin's future worth, ownership distribution, investment safety, and potential overtaking of Bitcoin.
Best Brokers to Buy Filecoin:
Several reputable brokers offer avenues for investing in Filecoin, each with its strengths in liquidity and fees.
Other Cryptocurrency Predictions:
Comparing Filecoin's potential with other cryptocurrencies can aid in making well-informed investment decisions.
Additional Price Prediction Content:
For comprehensive cryptocurrency insights, exploring predictions for various coins might offer a broader perspective.
This multifaceted analysis emphasizes the complexity and potential of Filecoin, positioned as a transformative force in the evolving crypto landscape.
