In January 2025, will Filecoin (FIL) still have investment value after it is listed on the Korean exchange?
Today, the latest official news is that the Korean cryptocurrency exchange Bithumb will list Filecoin (FIL) on the Korean won market.
FIL has been a topic of discussion for a long time, with countless retail investors mining during the last bull market, as the faith in Filecoin was harvested.
After going through a bear market, many in the Filecoin mining community have already gone bankrupt, and retail investors have gone from $120 to $80, buying the dip, but ultimately have run out of funds below $10.
We need to look at the development of FIL over the past two years. In 2023 and 2024, the price of FIL has not fluctuated much, but there have been many project initiatives.
On March 14, 2023, the Filecoin Virtual Machine (FVM) was officially launched on the mainnet, meaning that FIL now supports smart contracts and user programmability through FVM.
In simple terms, before the launch of FVM, Zhang San could only focus on storage within the FIL storage protocol. After FVM was launched, Zhang San can now program on the FIL storage public chain, create his own storage plan, and form smart contracts, thus opening up the ecosystem for the development of the FIL project.
Additionally, more participation and more operability will further drive the economic growth of the FIL DeFi ecosystem, creating a positive cycle for developers, community maintainers, and users.
There will be a series of upgrades to follow, such as increasing network speed and raising service fees, and it is worth mentioning that in 2024, FIL will explore the AI ecosystem.
Web3 is a global market that is currently in a phase of rapid development, changing rapidly, with a large amount of information, news, and new projects emerging every day. Each project is constantly evolving; some are improving while others are gradually being eliminated by the market.
