Are you looking for the top Filecoin price predictions in 2021 and beyond? Or have you been struggling to answer the question ‘is Filecoin a good investment?’ You’re in the right place.
We’ll be exploring what the experts have to say about Filecoin’s future performance. Find out the top Filecoin Price prediction forecast for 2021 and beyond and discover how much FIL could be worth in 2021-2025.
After less than seven months on the market, the FIL token has quintupled in price. But just how sustainable is its latest bull run?
At the time of writing, the Filecoin (FIL) token is worth $157.21 and has a market capitalization of $10,593,573,144. This makes it the world’s 17th largest cryptocurrency, a status it has only recently secured. The market-wide bull run that began in December 2020 has seen the price of most major cryptos soar, with both Bitcoin and Ethereum maintaining their top spots. But it’s also brought new assets into the limelight as previously overlooked altcoins have rapidly gained value.
Filecoin is one of these altcoins. This crypto is the native token of the Filecoin network, a decentralized protocol that enables people to rent out unused storage space on their computers. The company raised a record-breaking $257 million during its initial coin offering (ICO) in August-September 2017, before launching its mainnet in October 2020. (Staggeringly, $200 million of that sum was raised within the first 30 minutes).
Although the token traded at between $20 and $30 for its first four months on the market, its price doubled overnight back in February 2021. So, what’s next for this fourth-generation cryptocurrency?
If you want to find out, you’re in the right place. In this article, we’ll be sharing some of the most compelling predictions for the price of FIL in 2021-2025. Whether you’re an existing user of the Filecoin protocol or are considering adding the token to your portfolio, read on to discover what could happen to its value over the next five years.
If you want to buy Filecoin quickly and easily, with 0% commission, check out eToro Exchange!
What is Filecoin (FIL) and How Does it Work?
Developed by Juan Benet from Protocol Labs, Filecoin is a global decentralized storage network. The network stores data on a peer-to-peer blockchain, enabling people to share storage space on their computers.
People who rent out their computing power are known as storage miners. There are also retrieval miners, who deliver particular files to other users who don’t have the storage space or bandwidth speed to retrieve them themselves. Miners add new blocks to the Filecoin blockchain by carrying out complex computer processes, otherwise known as proofs, to demonstrate their ability to store data reliably.
Users of the network (known as clients) pay these miners a fee, with the price usually varying depending on the amount of space and bandwidth speed required. That’s where the FIL token comes in. The Filecoin token (FIL) acts as the underlying currency of the Filecoin network. It can be used to pay for storage, retrieve data, reward miners for adding new blocks, or carry out any other transactions on the platform.
Filecoin works as an open market where clients can approach miners and miners can set their own fees. Because of this, it’s often a cheaper alternative to centralized data storage providers such as Amazon Web Services (AWS).
Excited by Filecoin’s recent growth? Keen to answer the question ‘is Filecoin a good investment’? You’re in the right place. We’ve explored what the experts have to say about the price of FIL in 2021 and beyond.
Short-term Filecoin (FIL) Price Predictions: 2021
Filecoin price prediction for 2021
The price of Filecoin has been shaken by high levels of volatility, particularly from the end of March 2021 onwards. With so little data to analyze (the token only came to the market in October 2020), it can be difficult to make accurate predictions. But if you’re wondering ‘will Filecoin go up?’, keep reading.
Our first short-term price prediction for FIL comes from Wallet Investor. It’s safe to say the investment analysis platform is optimistic about the outlook for Filecoin, predicting that the token could be worth a maximum price of $351.626 by the end of December 2021.
As we can see, Wallet Investor believes that Filecoin will say goodbye to its high volatility levels from mid-April. Considering the asset has fluctuated by about $50 over the last couple of days and weeks, this might be overly optimistic. However, this prediction suggests that its growth could be steadier from May onwards, taking the FIL token to a new all-time high (ATH) almost every other day.
If this forecast is correct and Filecoin reaches $351.626, it would have doubled in value in the space of 10 months. While this wouldn’t be the most impressive growth rate we’ve seen in the wake of the latest market-wide bull run, it would still be excellent news for FIL investors — particularly as the asset would only have been on the market for a year and two months by that point.
Although Long Forecast doesn’t predict that Filecoin will break the $300 barrier in 2021, it still believes the asset has a bright future ahead of it. It’s given the following prediction for the price of Filecoin in 2021:
Filecoin Price Predictions For 2021:
Long Forecast’s prediction suggests that Filecoin could continue to follow a bearish trend until August, when it will open at a price of $168. Although this is higher than the asset’s current price, it’s lower than its ATH of $234.450348 (which it hit on April 1st, 2021).
Filecoin has been losing value over the last few weeks, but if you’ve been wondering ‘what will Filecoin be worth?’, this prediction should be encouraging. From September onwards, Long Forecast believes that Filecoin FIL will start to regain value, climbing to a yearly high (and new ATH) of $266 by December 2021.
This is almost $100 lower than Wallet Investor’s maximum prediction for this year, but at more than $100 higher than its current price, it’s still good news for current and prospective investors alike. It could even mean that Filecoin’s current loss is a bearish adjustment, rather than a permanent slump.
Trading Beasts also believes that the price of Filecoin could fall before starting to reclimb in the second half of 2021. According to its predictions, FIL could hit a minimum price of $113.484 in May 2021, rising to $148.285 by December 2021.
Although these numbers are lower than the asset’s current price, the average and maximum prices paint a slightly brighter picture.
Trading Beasts’ Filecoin Price Predictions In 2021:
|Month||Minimum Price||Maximum Price||Average Price||Change|
As we can see, these predictions don’t suggest that Filecoin will hit a new ATH in 2021. But the average and maximum price columns are reassuring to anyone who’s worried that FIL is following a relentlessly bearish trajectory.
The variation between each column is considerable, which could mean that the Filecoin token won’t shake off its high levels of volatility just yet. But if it hits the maximum price of $210.714, we would see the asset gain almost $50 over the next eight months — a slow but steady growth rate of approximately $6-7 a month.
Previsioni Bitcoin is far more optimistic about the price of Filecoin. Its top predictions for 2021 overshadow even those from Wallet Investor, which believed that the asset could hit $351.626 by the end of December.
According to Previsioni Bitcoin Analysis Website, the Filecoin token will max out at $411.75 by the end of 2021. After hitting $200.39 at the start of May, the price of Filecoin will continue to climb month-on-month, eventually doubling in price by the middle of November.
This would be more than three times the crypto’s current value.
Read Also: Why Filecoin Is Going To Explode
What Will Happen to the Price of Filecoin (FIL) in 2021?
According to the predictions, the price of Filecoin (FIL) could reach anything between $210 and $411.75 by the end of 2021.
Both Long Forecast and Trading Beasts believe that the token will fluctuate in value each month, but follow an overall bullish trend after its short bearish adjustment comes to an end.
Will the Price of Filecoin (FIL) Go Up in 2021?
Yes, it seems probable that the price of Filecoin will go up in 2021. Although the predictions differ when it comes to FIL’s potential top price, all agree that the asset will close the year at a higher value. This suggests that its bull run isn’t over yet, despite its recent bearish trend.
Additional predictions for the price of Filecoin (FIL) in 2021 include:
- Digital Coin Price: $239.18
- Pick A Crypto: $150
- Cryptocurrency Price Prediction: $378.4790
- Coin Price Forecast: $1,245
Long-term Filecoin (FIL) Price Predictions: 2022-2025
What are crypto experts forecasting for Filecoin in 2022 and beyond?
Now that we’ve seen what could happen to the price of Filecoin in 2021, let’s look ahead to 2022-2025. With the short-term predictions ranging from $150 to $1,245, can the long-term predictions help shed light on the most likely outcome?
Digital Coin Price believes that the Filecoin token will see slow but steady growth over the next seven years (2021-2028). Although this won’t be the strong bullish trend that many investors will be hoping for after the asset’s performance at the start of this year, it still suggests that we won’t see the value of FIL continue to fall.
As we can see, Digital Coin Price doesn’t expect Filecoin’s high levels of volatility to come to an end any time soon. In fact, its forecasts show that its volatility is likely to increase from 2023 onwards, with the price continuing to fluctuate until 2027. At this point, the asset will stagnate, remaining around $496.30 for the duration of the year.
But if you’re wondering ‘what will Filecoin be worth in 2030’, the good news is that this period of stagnation won’t last — between December 2027 and January 2028, the price of Filecoin could jump from just under $500 to $645.42.
Digital Coin Price has listed the following Filecoin (FIL) prices for 2022-2028:
- 2022: $271.15
- 2023: $324.60
- 2024: $390.56
- 2025: $461.86
- 2026: $535.55
- 2027: $496.30
- 2028: $668.31
These predictions are far lower than those from Cryptocurrency Price Prediction. After predicting that Filecoin would hit $378.4790 by the end of 2021, this platform believes that 2022-2025 will take the asset to new heights.
In fact, the platform thinks that the price of Filecoin will be valued at $215 in 2021, rising to $265 by the end of 2022, $325 by the end of 2023, $395 in 2024, and an impressive $480 by the end of 2025.
If you’re wondering ‘will Filecoin reach $1,000?’, Cryptocurrency Price Prediction has good news — the Filecoin token could be worth $1,565.8974 by January 2025.
Filecoin Price Predictions For 2022:
Filecoin Price Predictions For 2025:
Cryptocurrency Price Prediction doesn’t believe that Filecoin will stop at $1,000. By May 2025, it expects the asset to be worth $2,026.4555, with this price eventually climbing to $2,197.9748 before the end of 2025.
These bullish predictions could be an encouraging sign — however, it’s worth noting that its predictions for 2021, which place FIL at a price of $205.7159 by May, are starting to seem a little too high (given Filecoin’s current price is fluctuating between $150-160 at the time of writing).
Previsioni Bitcoin clearly agrees that this prediction is too optimistic.
The Previsioni Bitcoin site has given the following prediction for the year 2023 — the same year that Cryptocurrency Price Prediction believes will take the price of FIL from $612.5422 to around $1,000.
By the end of 2021, Previsioni Bitocin believes that Filecoin would be worth $411.7528, so this prediction for 2023 is rather disappointing. Not only does it expect FIL to open at just $315.9289, but it also expects this price to drop to a yearly low of $230.3324. This is higher than the asset’s current price but seems underwhelming when we compare it to the other predictions (and its ATH of $234.450348).
However, as a long-term investment, it projects that Filecoin could perform very well. According to its predictions, the value of the Filecoin FIL token could rise to $350 by the very end of 2021, rising to $420 in 2022, and achieving a mean price of $1,000 by 2025.
Thankfully, the platform doesn’t expect the bearish trend to last throughout the entire year. After hitting $230.3324 in July, the price of 1 FIL will jump up to $393.162 in September before eventually maxing out at $424.242 by the end of December. While this isn’t as high as the predictions from Cryptocurrency Price Prediction, it’s actually higher than Digital Coin Price’s prediction of $324.6.
Don't Miss: Could Filecoin Be A Millionaire-Maker Coin?
What Will Happen to the Price of Filecoin (FIL) in 2025?
According to the forecasts, the price of Filecoin could hit between $761.86 and $2,179.97 by the end of 2025.
There is obviously less consistency between the long-term predictions than the short-term predictions, perhaps because the FIL token hasn’t been on the market for long.
Will the Price of Filecoin (FIL) Go Up in 2025?
Compared to its current price, it seems probable that the value of Filecoin will go up in 2025. However, it may experience some level of volatility — Previsioni Bitcoin believes that its price could fall over the course of 2022-23 before recovering at the end of 2023.
Additional predictions for the price of Filecoin in 2022-2025 include:
Filecoin price predictions 2022:
- Trading Beasts: $298.654
- Previsioni Bitcoin: $663.8756
- Wallet Investor: $563.686
- Long Forecast: $406
- Coinskid: $332.65
- Coin Price Forecast: $2,181
Filecoin price predictions 2023:
- Trading Beasts: $276.124
- Wallet Investor: $768.748
- Long Forecast: $478
- Coinskid: $439.97
- Coin Price Forecast: $3,856
Filecoin price predictions 2024:
- Trading Beasts: $250.515
- Wallet Investor: $973.815
- Long Forecast: $358
- Coinskid: $592.44
- Coin Price Forecast: $5,126
Filecoin price predictions 2025:
- Wallet Investor: $1,182.710
- Coinskid: $826
- Coin Price Forecast: $4,878
Conclusion: Filecoin FIL Price Prediction Forecast
The below prediction figures outline some of the Potential high and low of Filecoin FIL price prediction forecasts in 2021, 2022, 2023, 2024, and 2025 offered by technical analysts and industry experts.
Would you consider buying FIL?
How Has the Price of Filecoin (FIL) Changed Over Time?
Because Filecoin has only been on the market since October 2020, there isn’t much historic price data for us to analyze. We can see how its price has changed over the last seven months by looking at the price chart below, which comes from CoinMarketCap:
After a slow start (the FIL token was trading at between $20 and $30 until the second week of February), Filceoin eventually got caught up in the market-wide bull run. On 9th February 2021, its price shot up to $42.901698 from $24.863187 — and by the end of March, it had hit $100.
Filecoin reached its ATH of $234.450348 on 1st April 2021. But unfortunately, it’s been downhill from there. The asset has experienced high levels of volatility, crashing back down to $143.823893 just one week after its impressive ATH.
Currently trading at $157.21, it’s unclear whether or not this is a bearish adjustment or a long-term slump. Thankfully, the majority of predictions suggest that Filecoin will regain value and hit a series of new ATHs over the coming year.
What Factors Can Affect the Price of Filecoin (FIL)?
In order to make the most accurate Filecoin price predictions 2021-2025, and ultimately answer the question ‘is Filecoin a good investment?’, it’s important to understand the different factors that can affect the price of FIL.
1. The Popularity of the Filecoin Protocol
As the demand for decentralized financial services such as Filecoin increases, it’s likely that the protocol will start to expand. The more Filecoin users there are, the more FIL transactions will occur. This will drive up the demand for FIL tokens, thus causing the asset’s price to increase.
2. The Number of Filecoin Tokens in Circulation
Another factor that will affect the price of Filecoin in the future is the number of tokens in circulation. The founders of the Filecoin protocol have limited the number of FIL to 2 billion tokens. This may be a lot more than Bitcoin, which is currently capped at 21 million — but as with any finite resource, it’ll eventually start to run low.
As the number of tokens reaches its upper limit, FIL will become a much rarer resource. The result of this is likely to be an increase in price, as investors and Filecoin users alike scramble to buy before it’s too late.
We saw this happen when Filecoin entered the market. The first Filecoin tokens were set at a value of $1, but this price increased with each subsequent investment. Because the portion of FIL that was allocated to investors was already limited, people rushed to invest in the asset before its price went through the roof.
This is why the price of FIL rose to $62.721564 on 15th October. This bullish blip soon settled back down to $20-30, but it shows how investor demand can affect value.
eToro – Best Cryptocurrency Platform
eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.
Virtual currencies are highly volatile. Your capital is at risk.
- FIL came to the market in October 2020 and reached its ATH of $234.450348 on 1st April 2021.
- Filecoin is a global decentralized storage network that stores data on a peer-to-peer blockchain, enabling people to share storage space on their computers.
- Wallet Investor believes the token could be worth a maximum price of $351.626 by the end of December 2021.
- Long Forecast expects Filecoin to hit a yearly high of $266 by December 2021.
- Trading Beasts has predicted that Filecoin could hit a potential maximum of $210.714 in December 2021, which is lower than its current ATH.
- Previsioni Bitcoin believes that Filecoin could max out at $411.7528 by the end of 2021.
- By 2025, Digital Coin Price expects Filecoin to be worth $645.42.
- Cryptocurrency Price Prediction has given the most optimistic forecast, suggesting that Filecoin will hit a price of $2,179.9748 by the end of 2025.
- After hitting $230.3324 in July 2023, Previsioni Bitcoin believes the price of 1 FIL will jump up to $393.162 in September before eventually maxing out at $424.242 by the end of December.
- Factors that can affect the price of Filecoin include the popularity of the native protocol and the number of Filecoin tokens that are in circulation.
Thinking of adding Filecoin to your portfolio? Whether you’re an avid user of the Filecoin protocol or simply want to invest in FIL, we hope that you’ve found this article helpful.
After a volatile few months for the cryptocurrency market, it’s important to keep track of the cryptocurrency trends to try and answer the question ‘will the price of Filecoin go up?’
Filecoin Prediction FAQs
What will Filecoin be worth in 2021?
According to the predictions from Coin Price Forecast, Filecoin could be worth as much as $1,245 by the end of 2021. However, the majority of predictions suggest that it could be worth an average of $200-400.
Can you buy Filecoin?
Yes, you can buy Filecoin (FIL). The number of Filecoin tokens that are available for investors to buy is limited, however, there are numerous cryptocurrency exchanges where you can buy and sell this asset.
What is Filecoin worth in 2025?
In 2025, Filecoin could be worth between $826 and $4,878, according to the predictions.