Eight core points, further discussing why Filecoin is a target worthy of attention in the altcoin bull market!
From the monthly line, Filecion has been horizontal for a very long time. The longer the horizontal, the higher the vertical. After the main decline in the bear market, it has been horizontal for two years. The main chips have been collected and the turnover of retail investors has been very sufficient. The first goal is to see if it can break through the previous high in March this year and hit $15. Later, it depends on whether the bull market can start the trend and open the terrifying upward flywheel of Fil. Fil created the most powerful flywheel effect in the history of encryption in the last bull market, pushing Fil's total market value to a maximum of 500 billion US dollars. Of course, it is the same mechanism that makes it severely oversold in the bear market. Its mechanism is an amplifier of bull and bear markets.
Here are a few key points to share with you:
1. As the absolute king project in the market that was first listed by all exchanges including Binance, the FDV of the highest market value in that year exceeded 500 billion US dollars (the highest price of Fil on Binance was 238.2 US dollars), which once exceeded the current market value of Ethereum of 410 billion US dollars. The foundation of global market appeal is still very strong. And it is an exchange that includes traditional US compliant funds such as Cionbase.
2. The concept of Depin was born after Filecion, which created this track. After so many years, it still seems to be the leader of the Depin track and concept. Filecion is always involved in speculation on Depin.
3. Take a look at Grayscale’s holdings. Now traditional American funds are eyeing Grayscale’s holdings on a large scale. I think that among the dozen or so holdings of Grayscale, in addition to BTC, ETH, and Sol, Fil should have the highest global consensus.
4. In fact, in recent years, Fil, a king-level project, has done a lot in infrastructure, and the amount of code updates is second only to Ethereum. And a lot of results have been achieved, in addition to storage, which is the starting point, there are also data, computing, and AI (little knowledge: in addition to the VC led by io, io was mainly incubated by Fil and Sol in the early days, which can be seen on the io official website). It’s just that the coin price is low, and no one has noticed it. When the coin price rises, I believe everyone will see it.
5. In the first quarter of next year, Fil will upgrade to the next version. The performance of the main chain will be improved by 480 times, and gas will be greatly reduced. The stable currency of the main chain has also been released this month. Next, the official will most likely support the meme ecology on the main chain. Once the meme ecology of fil explodes, a large number of cx teams may quickly revive on the fil ecology. After all, many aunts who have never heard of Ethereum have heard of fil.
6. Some people are worried about the selling pressure from miners. As mentioned in the previous article, a large number of Fil miners have sold 5~6U. It can be said that the selling pressure from Fil miners is not great. In addition, facing the current market liquidity, the circulating market value of#FILis not enough. How many stocks can miners have now? With such a broad consensus foundation, it is too easy to pull up the Depin meme leader.
7. In addition,#Filhas its own node lock-up Fomo mechanism mentioned above. The more the coin price rises, the coin-based income will remain unchanged or even decrease due to the increase in computing power. However, the node pledge lock-up gold-based yield will increase rapidly, which will attract a large amount of traditional funds to enter the market to buy Fil for pledge mining and earn gold-based income.
8. No one knows at what price Fil's automatic Fomo model will be opened, but in the bull market, once the upward trend of Fil begins to form a consensus, the automatic Fomo mechanism of Fil may be fully opened. Based on our simple prediction based on experience, if Fil can stand firm at 20 again, this effect will gradually emerge and self-reinforce. This is also the reason why Fil rose to a maximum of US$238 in the last bull market, FDV exceeded US$500 billion, and attracted a large amount of off-market funds to enter the market. We look forward to seeing this terrifying flywheel being opened again with the help of the bull market this time.
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