How does the Filecoin network work?
Unlike centralized cloud storage solutions of some of the popular companies like Cloudflare or Amazon (companies with central command centers), Filecoin offers decentralized cloud storage. Therefore, the data or information stored on the Filecoin blockchain is easier to access and, at the same time, difficult to censor.
Being decentralized, Filecoin allows participants to be the custodians of their data and is easily accessible to anyone who can access the internet around the world.
Who is the founder of Filecoin?
The Filecoin network was founded by Juan Benet, an American computer scientist responsible for creating the interplanetary file system (IPFS) responsible of.
The founder of Protocol Labs was also Benet, a company that was founded in 2014.
Filecoin (FIL) Price Prediction
The Filecoin (FIL) statistics below clarify the stability and potential of the coin.
FileCoin Price Prediction 2021
Now it is getting interesting to see the price of cryptocurrencies in the coming years. Currently, the price of the coin is a concern for many traders. The graph shows that the price of cryptocurrencies has decreased in the last 24 hours and the price is falling very steeply. Filecoin is currently priced at $ 100, and the expected price of the cryptocurrency will increase by the end of 2021.
FileCoin Price Prediction 2022
If we talk about the initial price of cryptocurrencies in 2022, it will start with a price of $ 302. If after that the price of the coin is in an uptrend, it will rise to a maximum of 349 USD. Otherwise, if it goes down, it can trade around $ 260 in 2022.
FileCoin Price Prediction 2023
According to sources, the coin will peak at $ 858 in the next year 2023. That said, the coin will trade around $ 775 price due to support levels when the coin price is not in the uptrend.
FileCoin Price Prediction 2024
That said, FileCoin Price Prediction (FIL) could break the $ 1130 price mark in 2024. As in 2023, just due to support levels, the price of the coin will trade at $ 890.
FileCoin price prediction 2025
If we now talk about price prediction for 2025, Filecoin (FIL) will peak at the $ 1247 price mark. At the same time, trading in the cryptocurrency will not decline over the course of the year due to mass adoption by institutional investors and individual players who are driving the price of the coin to $ 1,421.39.