The last wave bottomed out, rising 3 times, grabbing a large handful, all of them are probably foolishly losing money.

#FIL/USDT
Why is the FIL coin not rising, or why is the increase not significant? Today, we will analyze it in detail.

When the supply of FIL coins exceeds market demand, the price is hard to increase. For example, a large amount of FIL coins are mined and sold into the market by miners, increasing the supply pressure, which leads to a price drop.‌1
An excessive circulation is also an important factor affecting the price. According to statistics, FIL's total market value is relatively large, and the daily increase in circulation is also significant, which makes the capital available to absorb it relatively limited, making it difficult for the price to rise.‌

The FIL project aims to build a decentralized storage network, but currently, there are few actual applications. Most so-called applications are still in progress and have not generated substantial market demand.
Technically, the retrieval technology of FIL or IPFS has bottlenecks, and it does not perform well for frequently accessed hot data storage, which also limits its application range.‌

Finally, and most importantly, too many people have been trapped in it. For this coin to experience a significant explosion, I believe several major washouts are needed. In the early to mid stages of a bull market, a washout will occur, and when people think FIL will not rise anymore, some will be washed out, and then it will have a big explosion in the later stages of the bull market.

In the bull market, I personally see FIL reaching 30u without any problem. How much do you think FIL can rise in a bull market? I'll leave that to your comments.

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