Will Filecoin Reach $100?

Last Updated January 14th 2022
6 Min Read

Will Filecoin reach $100? This is definitely possible considering that the coin's all-time high price is over $230. With the current price of $28.62, Filecoin has some way to go to reach $100 per coin.

However, we can't give any guarantees at this point, but it will be an interesting digital asset to follow in the future.

Filecoin's mainnet launched in October 2020, and it comes as great news for those that want to test out this decentralized storage provider.

The average trading volume of Filecoin is over $500 million at the time of writing (according to CoinMarketCap). This shows that there is a lot of activity going on with the coin, and it is possible that the price will start rising soon.

Already, there are good signs with the trading volume of Filecoin having increased by almost 23% in the last 24 hours (at press time).

However, a number of factors will contribute to the price going up, and we will look at those factors in this guide. Before that, let's take a quick peek at Filecoin's current price.

Filecoin Current Price

Filecoin is currently trading at the price of $28.62 per coin, according to Crypto price tracker CoinMarketCap. At press time, there are 147,799,573 FIL tokens in circulation, according to CoinMarketCap's data. Filecoin's current market capitalization sits at $4.2 billion.

The coin reached its all-time high price of $237.24 on Apr 01, 2021, according to CoinMarketCap's historical data.

Although the price of FIL has stagnated between $26 and $41 for some time now, it's beginning to show good signs with close to 1% gain in the last 24 hours only.

In this regard, we might not see the token hitting $100 per coin this year, but that is something that is very possible ultimately.

Filecoin looks like it will be a good digital asset to follow in the coming years. Especially, if they get listed on more exchanges, and they improve the functionality and features of the mainnet.

This is why we think that this coin's price has huge potential to go up even further than $100 in the next few years.

Read Also: What Is Filecoin? Should You Invest In FIL And Where To Buy It?

So, Will Filecoin (FIL) Reach $100?

We believe that there is a great chance for Filecoin to reach $100 by the end of 2022, although it might even take a bit more time than this. However, we can't give guarantees here as the digital asset market is extremely volatile, and things might change very quickly from one day to another.

There are several reasons why we think FIL has a great potential to reach $100. Some of these reasons are the following:

  • The recent mainnet launch will give Filecoin some credibility and improve its overall growth
  • Protocol Labs backing (one of the most reputable organizations in this space)
  • Decentralized storage is an industry with high potential for growth
  • The growing community of investors and developers
  • The cryptocurrency market, in general, is growing
  • The interest for blockchains and tokens is growing as well
  • Exchange listings of FIL (MEW, Coinbase Pro)
  • Low coin supply will help make it scarce and in demand
  • The coin's all-time high price is over $230
  • The community is very active and keeps growing

If all or most of these factors play out right, we might see the price of Filecoin (FIL) going up to $100 or even higher by the end of 2022.

Otherwise, there is also the possibility that the price of the token drops or stagnates for several months.

However, as we said before, this market is very volatile, and it is difficult to predict what will happen next week or next month.

That said, several price analysts have given their predictions on whether Filecoin can hit $100 any time soon or not. 

According to Wallet Investor, Filecoin has a great chance of reaching $100 per coin in early 2023, especially towards the end of March. However, if the asset adopts a strong bullish tendency, the milestone can be achieved as early as December 2022. 

Long Forecast is slightly on the bearish side and believes that Filecoin has a long way to go before reaching $100. According to the site, investors might have to wait until 2030 before FIL can reach this price point. 

Coin Price Forecast, on the other hand, is positive that Filecoin can break past the $100 point in late 2030 or earlier. The crypto price tracker predicts that FIL will be trading at around $102.18 by the end of 2030.

Digital Coin Price predicts that FIL will reach $100 as early as 2028, reaching as high as $108.55 by mid-year.

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

Will Filecoin Eventually Reach $1,000?

Right now, it is difficult to give any guarantees on the Filecoin token's price reaching $1,000 per coin, but our opinion is very clear. We believe that Filecoin has a great potential to go up significantly in 2022 and 2023.

However, we do not see this happening anytime soon as there are still some hurdles that the team needs to overcome before the future is written.

The mainnet launch happened recently, and that might have a lot of impact on the price development.

Nevertheless, in order to reach $1,000 or more per token in the next few years, Filecoin FIL needs to be listed on exchanges with decent daily trading volume as well as being used by a few companies in the space.

If it does, in fact, reach this price in the next few years, there is a good chance that it will continue growing in the long term.

The same factors that we listed above will, of course, contribute to the price reaching $1,000 although there might be some changes along the way.

What Will Filecoin Be Worth In 2025?

There is no telling exactly how much Filecoin will be worth in 2025. However, we can say that it might be worth a lot more if things go well for the team and the crypto space as a whole.

The reason why we think this is because decentralized storage, in general, has a lot of potentials for growth over the next few years.

Therefore, FIL might benefit from this.

At the same time, FIL has a low coin supply which means that if demand for this cryptocurrency goes up, its price would also increase.

So our best guess is that Filecoin (FIL) might be worth around $200 - 500 by 2025.

However, there are no guarantees on this, and only the future will show what can happen.

To give you a glimpse of what could happen, let's look at some price predictions from experts.

According to Wallet Investor, Filecoin might start off 2025 at around $120 per coin then close the year at as high as $133.

This is starkly different from what Long Forecast predicts, which is that FIL will be worth less than the current price at the start of 2025.

Coin Price Forecast is a bit conservative and predicts that the coin will be worth around $76 by the end of 2025. From this, we can see that Wallet Investor is quite bullish about the future of Filecoin, while Long Forecast seems to lean on the bearish side.

All in all, we can say that the future of Filecoin (FIL) is very hard to predict, and it will depend on how well things go for Protocol Labs, anyone using this cryptocurrency and of course, how well FIL does as a token.

Check Out: What Will Filecoin Be Worth In 10 Years?

Conclusion: Will Filecoin Reach $100?

There is a good chance of Filecoin reaching $100 per coin, although we can’t say for sure when that will happen. The factors we have discussed above will certainly come into play and push the coin’s price up. 

Filecoin has a slim chance of reaching $100 this year, given that it has consolidated for too long between $60 and $70. Maybe if it breaks through that barrier, we might finally see some light, although we can’t guarantee anything at this point. 

As for the price of Filecoin reaching $1,000, we believe there is still a lot to be done before this can happen.

Other than that, it is difficult to give predictions on what will happen in the next few years as anything can happen between now and then.

But no matter what happens, we believe one thing: Filecoin has great potential and a bright future ahead of it!

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

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