Filecoin price prediction 2021 & 2025

The world has developed a lot in the last 10-20 years, today internet is the kind. Every work is done on that only. No matter what work you do it is for sure that you use the internet for that. Another that is the king in today’s world is data. Everything depends on data exchange and information. But the question comes that is it really safe to transfer data over the internet where there are lakhs of people are working. This is a debatable topic. Everyone has a different point of view on this. Almost every research and work are dependent on the data presented. So it becomes really important that the data is authentic.

If the source of data is not genuine and the data is not stored safely then the whole world will collapse. Realizing this issue many networks were developed but couldn’t provide full security. Then Proctal labs had invented Filecoin for solving this issue and on which one can fully trust for security and storage.

Today, this article will try to provide its readers with all possible details about this invention.
Let’s start with the basics.

What is a Filecoin?

Filecoin is based on a mixture of principles of blockchain and decentralized finance or DeFi. This unique platform provides its users with all kinds of science and technology benefits by mining them into mathematics algorithms. It is an open-source, public, cryptocurrency, and digital roadmap that is created with the primary objective of blockchain-founded data storage and retrieval. Filecoin was created by Protocol Labs and it is built on top of the InterPlanetary File System that provides its users worldwide to free up and rent the unutilized space in hard drive.

Filecoin network has specially created its cryptocurrency called FIL for traders and investors as well as institutions that will allow them the facility of trading on multiple exchanges and it will also benefit them from price moments.
The biggest characteristic of Filecoin is that it doesn’t have any intermediaries or regulators and it is entirely uncontrolled and it also monetizes user information.

Why Filecoin is different from its competitors?

There are three pillars of Filecoin on which the whole ecosystem works. These three are:

• First is the clients who are required to share data and save data files on it in exchange for a fee.
• Second is the miners, who will store the data and files provided by the customers and relate details on how much space is available on the hard disk which they will again offer to clients.
• After the miner left the files sent by the clients on the blockchain they will not be encrypted. And this is the most crucial work on the platform.

Also Read : Ren price prediction

How Filecoin ensures privacy?

Everybody has the question that how Filecoin stores the data safely? The answer is through Proof of replication or PoR. This factor ensures the security of data transmission. And FIL the native token also caters to the storage of files and ensures ita safe recovery.
As it is based on a decentralized network it allows encryption of data and files that why they are safe and secured as well. The authorized personnel supervises the fragmentation of data, even though on another server, leakages of all kinds are so prevented.

Historical price movements

It was launched in year 2017, and it was a bumper listing in just 30 minutes of its launch the project has raised more than $200 million. In January it has seen a major price rise when it reached $10.30 but didn’t last long and the price fell to $9.20 and remained around it till June 2020. Then it reached $20.10.
Today, it is trading at $55.24.

Let’s see what will happen in the future.

• Filecoin Price prediction 2021

This year it has already surpassed the levels of $50. And the bull run is likely to continue and we can expect that by the end of the year it can reach $83.

• Filecoin Price prediction 2022

The bull run will continue this year as well and we will see it crossing the levels of $90 on the upper side.

• Filecoin Price prediction 2023

This year the price of Filecoin will cross the level of $100 and we will see a high of $115 and on the downside, it can reach $95.

• Filecoin Price prediction 2024

The bulls will take the price of Filecoin to the level of $135. If there be any correction then it can we can expect the level of $120.

• Filecoin Price prediction 2025

On the upside, we can expect the levels of $160. And on the downside, we can expect the levels of $150.

Because of its unique features, the future of Filecoin is very bright. In just a few months it already raised around $20, so we can expect in future also it will give great returns.

NOTE- All these price predictions don’t guarantee any price movements. We don’t recommend any kind of investments. All these predictions are on the basis of our research which can be wrong as well. Or you can have a different opinion as well. We don’t take responsibility for any profit or loss. Invest at your own risk.