From the monthly chart of Filecion, the time at the bottom has been very long. The longer the horizontal movement, the higher the vertical rise. After the main decline in the bear market, it has been horizontal for two years, and the accumulation of main force chips and the turnover of retail investors have been very sufficient.
Next, we will see if the bull market can trendily start the terrifying upward flywheel of FIL. In the last bull market, FIL created the most powerful flywheel effect in crypto history, pushing its total market value to a peak of 500 billion USD.
Here are a few key points to share: 1. As the absolute king project of the entire market, strongly supported by all exchanges including Binance at that time, the highest market value stage FDV exceeded 500 billion USD (the historical highest price of FIL on Binance was 238.2 USD), once surpassing the current Ethereum market value of 410 billion USD. The global market appeal is still very strong. Moreover, it includes exchanges like Coinbase, where traditional compliant capital from the U.S. can enter.
2. The concept of Depin was born only after Filecion emerged; it created this track, and many years have passed, yet the leader in the Depin track and concept still seems to be it. One cannot avoid Filecion when discussing Depin. 3. Take a look at Grayscale's holdings; now traditional U.S. funds are closely watching Grayscale's holdings on a large scale. I believe among the dozen or so assets in Grayscale's holdings, apart from BTC, ETH, and Sol, FIL should be the one with the highest global consensus. 4. In fact, over the past few years, this king-level project FIL has done a lot in infrastructure, with the amount of code updates second only to Ethereum. It has achieved substantial results, including storage, data, computation, and AI (Trivia: apart from the VC led by IO, IO mainly participated in the incubation of FIL and Sol together in the early days, as can be seen on IO's official website). It's just that due to the sluggish coin price, 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 undergo the next version upgrade, with main chain performance improved by 480 times, gas costs significantly reduced, and the stablecoin on the main chain has also been released this month. Next, the official may support the meme ecosystem on the main chain; once the FIL meme ecosystem explodes, many CX teams may quickly revive on the FIL ecosystem, after all, many aunts who have never heard of Ethereum have heard of FIL.
