Filecoin Price Prediction 2022-2026-Will the Price of FIL Hit $23.98 by the end of 2022?
Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor.
What is Filecoin (FIL)?
Filecoin was launched through an initial coin offering in 2017. Filecoin aims to store data in a decentralized manner. Unlike cloud-storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization,
Now, we shall consider the price analysis of Filecoin (FIL) for the coming years.
Flashback: Fundamental Analysis of Filecoin (FIL)
According to the official blog of Filecoin, between January 1, 2021, and January 1, 2022, the network storage capacity of Filecoin moved from 1.69+ EiB to 14+ EiB. This represents a 728.4% increase within one year. This shows that more users are finding Filecoin efficient in the storage of data. This positive data might surge the price of FIL soon.
We shall now consider what charts are showing about the price analysis of Filecoin (FIL).
https://www.tradingview.com/x/MlHKmQ8S/
From the 1day chart above showing the Ema Ribbon indicator for FIL/USDT, we can deduce that the price of Filecoin might dip soon. This is because the Ema ribbon moving averages is within the recently formed candlesticks.
https://www.tradingview.com/x/EkNtRe2x/
The chart above shows the balance of power indicator which is used to determine if a market is controlled by either the buyers or sellers. From the chart for FIL/USDT, we can see that its BOP value is -0.61. Since it is below 0, it means that the bears are having their way and that the price of Filecoin might increase soon since it also has a negative divergence.
Now, we shall look at the price prediction of Filecoin (FIL) for the coming years.
Price Prediction of Filecoin (FIL) in 2022
The price of Filecoin (FIL) is expected to gain at least 10% by the end of June 2022 from its present price from its technical analysis. This means that it will be trading around $21.41 by the end of the first half. Its price is expected to rise by at least 12% in the second quarter. This means that FIL would trade at least $23.98 by the end of December 2022.
Price Prediction of Filecoin (FIL) in 2023
The price of Filecoin is expected to gain at least 15% by the end of June 2023 from its present price from its technical analysis. This means that it will be trading at around $27.58 by the end of the first half. Its price is expected to rise by at least 12% in the second quarter. This means that FIL would trade at least $30.89 by the end of December 2023.
Price Prediction of Filecoin (FIL) in 2024
The price of Filecoin (FIL) is expected to gain at least 18% by the end of June 2024 from its present price from its technical analysis. This means that it will be trading at around $36.45 by the end of the first half. Its price is expected to rise by at least 10% in the second quarter. This means that FIL would trade at least $40.10 by the end of December 2024.
Price Prediction of Filecoin (FIL) in 2025
The price of Filecoin (FIL) is expected to gain at least 10% by the end of June 2025 from its present price from its technical analysis. This means that it will be trading at around $44.11 by the end of the first half. Its price is expected to rise by at least 5% in the second quarter. This means that FIL would trade at least $46.31 by the end of December 2025.
Price Prediction of Filecoin (FIL) in 2026
The price of Filecoin (FIl) is expected to gain at least 12% by the end of June 2026 from its present price from its technical analysis. This means that it will be trading at around $51.87 by the end of the first half. Its price is expected to rise by at least 20% in the second quarter. This means that FIL would trade at least $62.25 by the end of December 2026.
Now we shall consider different media platforms to see what their forecast is on Filecoin (FIL) price.
Market Sentiments on Filecoin (FIL) Price Prediction
PricePrediction
According to PricePrediction, the coin’s average price could reach $27.18 by the end of 2022 and surge to $843.63 by 2031 which represents a 3003% increase.
DigitalCoin
According to DigitalCoin’s Filecoin (FIL) price prediction, the average price could reach $27.16 in 2022 and by over 293% by 2031 to trade at $106.82.
CoinQuora
According to CoinQuora price prediction, the average price of Filecoin (FIL) in 2022 could be $120, surged by 1150% in four years to trade at $1500 in 2026.
Our Filecoin (FIL) Price Prediction
The price of Filecoin (FIL) will trade at least $23.98 by the end of 2022 and then increase by over 159% in four years' time to trade at $62.25 by the end of 2026.
Conclusion
Filecoin (FIL) long-term investors will enjoy good returns. This is due to the positive outlook of the fundamental analysis, price predictions, and market sentiments.