Filecoin Price Prediction

Last Updated June 25th 2022
15 Min Read

Take a look at the current price trends to explore the Filecoin price prediction in 2022 and beyond

Are you looking for the latest Filecoin price forecasts? You’re in the right place. We’ll be exploring what the experts have to say about Filecoin's future performance to answer the question ‘Will Filecoin go up in the future?'.

Below you'll get to find some expert opinions on the Filecoin price prediction and where the market sees the crypto going in the next 8 years.

Filecoin Price Predictions For 2022-2030

Listed below are forecasts on the Filecoin price for the foreseeable future. we discuss the following:

  • End of 2022: News of Filecoin’s endeavours into NFT storage in 2022 will continue to be a massive boost to the price of FIL in 2022, taking it to highs of $44.51.
  • End of 2025: In 2025 Filecoin will retest its 2021 all-time high and reach a max of $236.88 as a result of improvements to its usability.
  • End of 2030: Competing with some of the biggest known names in the cloud storage industry, Filecoin will be able to touch an astonishing high of $621.09 in 2030.

Filecoin Overview

Filecoin (FIL) went from obscure altcoin to top performer in 2021 after the market-wide bull run took FIL to new highs. So, where does this leave Filecoin now? What is Filecoin expected to reach? Valid questions we will answer in this article. But before we swoop into our Filecoin price predictions, let’s take an overview of Filecoin’s top features.

FIL Overview

Cryptocurrency Filecoin
Ticker Symbol FIL
Rank 41
Price $6.16
Price Change 24h 3.18%
Price Change 7d 18.76%
Market cap $1,378,493,191.86
Circulating Supply 223,699,566
Trading Volume $180,737,604.92

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FIL — The No. 1 Blockchain Storage Solution

Filecoin is the native token of the Filecoin network, a decentralised protocol that enables people to rent out unused storage space on their computers.

Some of Filecoin’s rivals include:

  • BitTorrent (BTT)
  • Arweave (AR)
  • Holo (HOT)
  • Siacoin (SC)
  • Storj (STORJ)

What’s The Point Of Filecoin?

Filecoin is a global decentralised 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 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.

Some of Filecoin’s benefits include:

  • Decentralised storage solutions are safer than centralised solutions.
  • Network participants can earn FIL for hosting files on their devices.
  • Files are encrypted to keep them secure from their hosts and others.
  • Customisable storage solutions for unique needs.
  • A bidding option allows storage providers to compete for users at a price.

Who Is Behind Filecoin?

Filecoin is developed by Juan Benet from Protocol Labs. The company raised a record-breaking $257 million during its initial coin offering (ICO) in August-September 2017, before launching its mainnet. (Staggeringly, $200 million of that sum was raised within the first 30 minutes.)

Filecoin’s mainnet was finally launched in October 2020 — three years after its ICO.

What Is Filecoin Used For?

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 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 centralised data storage providers such as Amazon Web Services (AWS). 

Who Uses Filecoin?

According to Filfox, Filecoin’s blockchain explorer, Filecoin has 1,792,942 accounts, of which, how many are active is unspecified. Binance’s BscScan also reports 33,634 addresses containing Filecoin.

Several large crypto investment companies have invested in Filecoin, including Pantera Capital, the Winklevoss brothers’ Winklevoss Capital, and Barry Silbert’s Digital Currency Group.

Technical Analysis Of Filecoin’s (FIL) Price Movements

Investors could first get their hands on Filecoin between the 9th of August and the 7th of September 2017 during the FIL token sale where it sold for $5 to 1 FIL.

CoinMarketCap then started to track the price of Filecoin from the 14th of December 2017 at $11.48 per coin. A few years later, Filecoin hit its all-time low of $1.83 on the 29th of August 2019.

In 2021, Filecoin began the year at $22.29, hit its current all-time high of $237.24 on the 1st of April, and then Filecoin price prediction 2021 ended the year at $34.27. Filecoin has a 52-week low of $16.56.

Filecoin FIL/USD Chart

filecoin price chart

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Expert’s Take On Filecoin Price Predictions

Filecoin as a crypto has been making significant price changes in the market. Listed on a majority of exchanges, the FIL token shows a market cap of $4.8 billion. Even though many experts consider that the coin might record a price increase in the upcoming years. There are few who devalue Filecoin price, which is a choice for millions. The techies have the following varied opinions & prediction on Filecoin price along with its market cap to cite:

Our Forecast System predicts that Filecoin forecast could possibly increase in value in the short term by +31% to $34.06 from $26.02. The system forecasts a +22% move from $26.02 to $31.82 over the next month, Filecoin has a price prediction of $35.75 in over a [year’s] time.

Coinskid

 

According to the latest long-term forecast, FileCoin price prediction will hit $50 by the middle of 2024 and then $75 by the end of 2025. FileCoin price will rise to $100 within the year of 2028.

Coin Price Forecast

 

Future price of the Filecoin asset is predicted at $116.79742430249 (373.708% ) after a year according to our prediction system.
This means that if you invested $100 into Filecoin now, your current investment may be worth $473.708 on 2023 March 29, Wednesday.

Gov Capital

 

As per the Filecoin forecast price and technical analysis, In 2023 the price of Filecoin is predicted to reach at a minimum value of $39.52. The FIL price can reach a maximum level of $46.39 with the average trading price of $40.88.

ICOcreed

 

If you are looking for virtual currencies with good return, FIL can be a bad, high-risk 1-year investment option. Filecoin price prediction equal to 26.028 USD at 2022-03-29, but your current investment may be devalued in the future.

WalletInvestor

 

The price prediction of 1 Filecoin is expected to reach [a] minimum level of $71.48 in 2025. The FIL price can reach a maximum level of $87.77 with the average price of $73.56 throughout 2025.

Price Prediction

 

As per the forecast and algorithmic analysis, [the] price of 1 FileCoin (FIL) will be around $225.4696 in 2027.

CryptoGround

 

As per the forecast data analysis, the price of FIL is expected to cross the level of $115.61. By the end of the year, Filecoin price prediction is expected to reach a minimum fee of $114.21. In addition, the FIL price is capable of getting a maximum level of $116.54.

DigitalCoinPrice

 

In the next four years, FIL prices could rise up to $1000. More so, reaching this level could not be so difficult for FIL as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that FIL price forecast has a high possibility of reaching a new ATH soon in the next five years as per the Filecoin prediction.

CoinQuora

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Filecoin (FIL) Price Prediction: 2022-2030

According to our latest Filecoin price forecast, Filecoin value will reach $44.51 by the end of 2022, rising to $90.78 by the end of 2023 and $236.88 by the end of 2025. Long-term Filecoin price prediction will then rise to $379.90 in 2027, and $621.09 in 2030.

Filecoin price prediction has truly somersaulted in the last year totally transforming the trend from the beginning towards the end of the year. Filecoin has had a historic journey throughout the years. All being said, Filecoin’s trend has been quite aggressive leading to a very optimistic path. The FIL price may grow in leaps and bounds, especially for alliances.

To calculate our Filecoin price predictions for the rest of the 2020s, we have studied the following factors.

As the demand for decentralised financial (DeFi) 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. 

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 two billion tokens. This is a lot more than Bitcoin (BTC), which is currently capped at 21 million — and as with any finite resource, it’ll eventually start to become scarce.

As the number of tokens reaches its upper limit, FIL will become a much rarer resource. The result of this is likely to be a price increase, 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 $5 per coin, 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 the 15th of October 2020. This bullish blip soon settled back down to $20-$30, but it shows how investor demand can affect value.

According to Filecoin forecast the price started around $35 in early December previous year, later short term FIL price drop was seen for three weeks straight and by the year’s end the average price is expected to be around $52. The resistance and support level are affected by other factors, mentioned above, in the crypto market.

Growing rapidly and with a chokehold over the storage sector of the crypto market, Filecoin can make a great short-term investment (one year) or long-term investment (five to 10 years). Here are our Filecoin price forecasts for 2022 to 2030.

Filecoin Price Prediction 2022

Moving into NFT storage in 2022 will massively increase interest in Filecoin. Our short-term 2022 price prediction for Filecoin is that FIL will increase to $40.00 halfway through the year and then go on to a high of $44.51. If Filecoin struggles in 2022, our FIL price prediction estimates a low of $12.18. At the end of 2022, Filecoin is expected to be worth $41.80 and secure an average of $35.73.

Filecoin Price Prediction 2023

According to Filecoin predictions, considering how well the price of Filecoin performed in its history it is estimated to show an average price of $64/40 within one year which is +250.92% to the current price. The Filecoin price prediction for the year 2023 reveals FIL to hit a maximum price of $90.78 and minimum price to expect can be $33.41.

Collaborating with Polygon (MATIC), in 2023 we will see Filecoin expand into the metaverse and gaming. Next year, the FIL/USD price will start at $42.10.

Filecoin Price Prediction 2024

Evaluating the historical data, the Filecoin prediction estimates the price to be worth at least $85 per coin. Given the acceptance of Filecoin and other cryptocurrencies by more and more people in recent times. Investing in the asset can turn out to be a good investment in the long run.

By 2024 Filecoin’s network of storage providers will have more than doubled since 2022. Securing an average price of $80.25 in 2024, Filecoin predictions expect further highs of $125.55 and a yearly low of $58.89. At the end of 2024, the FIL/USD price will be $101.34.

Filecoin Price Prediction 2025

If we try to answer about what Filecoin will be worth in 2025, according to Trading Education, Filecoin price will be fluctuating between $120 and $240 for the year 2025. There could be some significant changes in market positions or economic overruns for the FIL coin to affect the Filecoin price movement, but so far Filecoin prediction seems to be optimistic.

Technical improvements in 2025 will make Filecoin even easier to use and encourage many more storage providers to join the network. Our long-term Filecoin price prediction model has a maximum estimate of $236.88, a minimum estimate of $98.78, and a median target of $149.16 for Filecoin at the end of 2025. Hitting the median target would mean an increase of 477% from today's price.

Filecoin Price Prediction 2026

Increased interest in DeFi in 2026 could spill over into protocols such as Filecoin as investors bank on the hype. The FIL prediction calculates that in 2026 Filecoin will rally to an all-time high of $313.20 and hold strong with a yearly low of $183.00. According to our Filecoin price prediction, FIL will accomplish an average price of $267.82 by the end of 2026.

Filecoin Price Prediction 2027

In the year 2027, Filecoin forecast price may hit $344 per token. Considering all the optimistic projections scenario it has the potential to reach $400. The new partnerships can further boost the crypto’s ability to achieve the target price with expected range of $350 to $450. Filecoin price can start 2027 at $279.11 and close the year at $350.01. The top price Filecoin can hit in this year is $379.90 and the lowest is $210.97, as per the FIL price forecast. Our long-term Filecoin prediction also foresees an average price of $344.45 for the year of 2027.

Filecoin Price Prediction 2028

By 2028, Filecoin could completely change how we view storage on our computers and even lead to a decline in company servers. Our Filecoin price prediction surmises that FIL will have an average price goal of $414.16 and will not decline below $300.05 in 2028. Filecoin will be able to target a high of $460.67 at the absolute most and close 2028 between $400.00 and $425.00.

Filecoin Price Prediction 2029

Wall Street investors will be filling their pockets with Filecoin by 2029 after several excellent years on the market. Holding strong at a low of $436.21, the FIL/USD price is expected to hit higher highs in 2029. Attaining an average of $505.43, our FIL price prediction has determined a high of $571.02 and an end of year price of $539.27.

Filecoin Price Prediction 2030

By 2030, Filecoin will be drawing in more users than well-known cloud storage rivals such as Dropbox and Amazon.

Our long-term Filecoin price prediction ends with FIL championing a price of $613.04 at the end of 2030 after reaching an impressive high of $621.09 — appreciating 2,302% from today's price. We also anticipate Filecoin price forecast to be worth a minimum of $493.93 and attain an average estimate of $588.70 for 2030.

Our recommendations and information mentioned should not be considered as investment advice for the Filecoin’s price predictions of the following years and investors are advised to perform their own research to minimize risks involved.

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Filecoin Price Forecast - Conclusion

Filecoin has some of the best prospects in the crypto market, particularly in the storage sector where it has a monopoly. Our long-term Filecoin price prediction shows a historic upwards trend is on the way but there’s still a variety of issues investors should be cautious about.

The number one issue is security. While Filecoin is certainly safe to use, the idea of paying to store your files on someone else’s device can be a little off-putting for some. Filecoin needs to ensure that it can convince new users that their files are completely safe.

Others have also opined that Filecoin is more interested in the value of its FIL token than providing a storage solution, arguing that it needs to improve its usability. If Filecoin fails to do this, its rivals could catch up with FIL and even overtake it in terms of price performance.

Will Filecoin Go Up?

According to Litecoin price prediction, the forecasted price is estimated to hit the $35 mark in the year 2022. Filecoin’s price is expected to rise in the future, given the overall Filecoin projections growth. The optimistic forecast (Filecoin) correlates to the positive outlook of the long-term earning potential of FIL cryptocurrency.

The long-term horizon for Filecoin price prediction definitely looks bright for the crypto asset. All going fine, the market may offer massive gains on the main projects. It is expected to grow in the next five years as per market price predictions.

What Will Happen To The Price Of Filecoin (FIL) In 2022?

Filecoin investors can expect FIL to perform pretty well in 2022 as it solidifies its gains from 2021 with a higher average price and higher lows. However, Filecoin price prediction is not expected to break past $50 in 2022 nor reach a new high. Instead, our 2022 FIL forecast surmises that the crypto asset will reach $40 and no trade lower than $12. Filecoin can increase from its price of $34.67 at the beginning of 2022 to a high of $44.51 and end the year at $35.73, as per our Filecoin price prediction.

What Will Happen To The Price Of Filecoin (FIL) In 2025?

By 2025, Filecoin predictions indicate that a weighty increase will likely have taken place and that FIL could even retest its all-time high, trading once again at over $200 per coin. Furthermore, our Filecoin price forecast suggests that FIL will not trade lower than $98 for the year. The current expected high for Filecoin in 2025 is $236.88, awfully close to its 2021 all-time high of $237.24. So yes, the price of Filecoin will go up by 2025. It’s also important to note that FIL will be less volatile than in previous years and have higher lows, as per our 2025 Filecoin price prediction.

Will Filecoin (FIL) Hit $100?

Yes, Filecoin will once again hit $100 per coin. Note that this will take a couple of years and should be achievable by 2024, as calculated by our Filecoin price prediction.

Will Filecoin (FIL) Reach $1,000?

Not for the time being. The highest FIL/USD can reach is a price slightly above $600 per coin by the end of the decade, according to our FIL price prediction. To reach $1,000, FIlecoin will need more time.

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FAQs

Can You Buy Filecoin?

Yes, you can buy Filecoin (FIL). The number of Filecoin tokens that are available for investors to buy is limited to two billion which will be released over the next few decades. There are numerous cryptocurrency exchanges where you can buy and sell this asset.

Does Filecoin Have A Future?

Yes, Filecoin looks like it has a great future ahead. As the demand for online storage space continues to grow, Filecoin will likely become highly sought-after. Furthermore, enabling users to monetise their unused storage space on their devices could prove to be popular.

On top of this, data provided by price forecasters generally appears to support the idea that Filecoin will grow in price for the next decade.

Is Filecoin Safe?

Yes, Filecoin is viewed as safe to use. According to Matt Hussey and Daniel Phillips of Decrypt, Filecoin ‘splits up data’ in a similar way to shredding it so one can put it together — only Filecoin knows how to put the pieces together when the user needs it. And so, users don’t have to worry about their data being stored on other people’s devices.

Filecoin is also viewed as safer than centralised storage services, such as iCloud and Dropbox which have been hacked. Decentralised storage networks, such as Filecoin, have not been hacked.

Is Filecoin A Good Investment?

Despite not getting much attention until 2021, Filecoin is a top investment for those looking to get into crypto. Aside from the extensive list of crypto venture companies investing in Filecoin, it has managed to rack up a return on investment of 124.61%.

Will Filecoin Rise?

Filecoin predictions heavily imply that the FIL/USD pair will rise and reach several new highs between 2026 and 2030. If we zoom out, there is a clear long-term increase heading our way, as per our Filecoin price prediction.

When Will Filecoin Take Off?

Analysing our FIL prediction, Filecoin looks set to take off around 2026 as it finally hits a new all-time high of $313.20. From this point onwards, Filecoin will achieve higher levels.

What Price Could Filecoin Reach?

Investing in Filecoin in the short term could see FIL hit a high of $44 in 2022 and $90 in 2023. Long-term investments will see Filecoin reach $379 at the highest in five years (2027) and $621 by 2030.

What Is Filecoin’s Price Prediction For The Next Bull Run?

The biggest increase our Filecoin price prediction detected is to take place towards the end of the decade. This potential bull run could take Filecoin from a 2029 low of $436.21 to a high of $621.09 at some point in 2030.

How High Will Filecoin Go?

The most bullish Filecoin price prediction we have come across is $843.63 by 2031, as predicted by Price Prediction.

What is Filecoin Price Prediction 2040?

If we stretch our long-term Filecoin price prediction to 2040, we can determine that a potential high target between $1,000 and $1,500 could be achieved.

Read More: 

Could Filecoin Be A Millionaire-Maker Coin?

Is It Worth Investing In Filecoin?

How To Make (Or Lose) Money With Filecoin?

Will Filecoin Make Me Rich?

Is Filecoin Safe?

How To Buy Filecoin (FIL) - Beginner’s Guide

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