Filecoin is warming up! What practical problems will Filecoin solve in 2025? Let's wait and see!
From a monthly perspective, Filecoin has been consolidating for a very long time at the bottom. The longer the horizontal movement, the higher the vertical movement. After the main decline of the bear market, it has been horizontal for two years, and the accumulation of main funds and the turnover of retail investors have been very sufficient. The first target is to see if it can break through the previous high in March of this year and challenge $15.
Then we will see if the bull market can start a trend and open up the terrifying upward flywheel of FIL. In the last bull market, FIL created the strongest flywheel effect in crypto history, pushing its total market value to a peak of $500 billion. Of course, the same mechanism also caused it to severely overshoot in the bear market. Its mechanism is an amplifier for both bull and bear markets.
As of the editing of this article, FIL is priced at $6.26, with an increase of over 11%.
Filecoin is engaged in two battles - (1) narrative and (2) expanding "paid storage transactions."
1. As the absolute king project in the entire market strongly promoted by all exchanges including Binance at that time, it reached a maximum market value stage with an FDV exceeding $500 billion (FIL's highest historical price on Binance was $238.2), once surpassing the current Ethereum's market value of $410 billion. The foundation of its global market appeal is still very strong.
2. The concept of Depin was born only after Filecoin emerged; it created this track, and many years later, the leader of the Depin track and concept still seems to be it. You can never avoid Filecoin when discussing Depin.
3. Let's take a look at Grayscale's holdings. Now traditional funds in the U.S. are closely watching Grayscale's holdings for large-scale rotations. I believe that among the dozen or so assets in Grayscale's holdings, aside from BTC, ETH, and SOL, FIL should be the one with the highest global consensus.
4. In fact, in recent years, this king-level project $FIL has already accomplished a lot in terms of infrastructure, with code updates second only to Ethereum. It has also produced a large number of results, including storage, data, computing, and AI.
5. Additionally, the FOMO mechanism with node locking mentioned above means that as the price increases, the yield in currency terms remains unchanged or even decreases due to the increase in computing power, but the yield rate on locked node stakes will rapidly increase, attracting a large amount of traditional capital to enter and purchase FIL for staking and mining to earn currency-based returns.
