Filecoin Price Prediction 2024, 2025, 2030: Is FIL Price Worth Investing?

*The statistics are from press time.

The Filecoin price traded in a closed range between $5.529 and $6.448 for a brief period, following which the bulls regained momentum, resulting in a price breakout. However, the rally was short-lived as the price faced rejection at $7.771, after which the token traded sideways for a while.

As the market volatility grew, the FIL price jumped approximately 294% in valuation before facing rejection at $8.613, following which the price traded sideways for a while. Recently, the bulls recorded another jump of 36%, after which the price traded in a consolidated range between $8.613 and $10.813. Since then, the price has been trading between $9.661 and $11.813.

The technical indicator, MACD, displays a constant red histogram, indicating a bearish influence in the crypto industry. Further, the averages show a high possibility of a bullish convergence, suggesting an uncertainty in the future price action.

If the market holds the price above the support level of $10.813, the bulls will regain momentum and prepare to test its upper resistance level of $13 in the upcoming weeks. Conversely, if the bears overpowered the bulls, the FIL price will lose momentum and fall to test its lower support level of $8.613.

The year 2024 remains of vital importance for the crypto industry, as it marks for Bitcoin’s halving event. If the crew behind Filecoin makes the most out of the year, by rolling out developmental upgrades and community-building initiatives. The price of FIL might propel to its potential high of $19.12. 

However, factors like soaring inflation numbers and negative criticism cannot be ruled out. In such circumstances, the digital token could sink to the lows of $8.50. That said, the lack of fulfilling events could limit the price to an average level of $13.81.

By the end of 2025, the Filecoin price might continue to peak and it may break all its past price records. The firm might announce new services to its trading to enhance the minds of the investors to invest in FIL. Successively, the asset might reach the $22.67 mark. 

However, if any strong regulatory restraints impact the price action, then FIL price may end up trading at $11.26. That said, constrained by an upright momentum, the regular price might find its base at $17.96.

According to forecast prices and technical analysis, the price of FIL is projected to reach a minimum of $15.49 in 2026. The maximum price could hit $29.31, with an average Filecoin price of around $22.40.

Looking forward to 2027, FIL price is predicted to reach a low of $21.67, with a high of $36.22 and an average price of $28.94.

In 2028, the price of a single Filecoin is anticipated to reach a minimum of $27.88, with a maximum of $41.38 and an average price of $34.63.

By 2029, the price of FIL might reach a minimum of $32.31, with the potential to hit a maximum of $49.11 and an average of $40.71.

In 2030, Filecoin is predicted to touch its lowest price at $39.95, hitting a high of $60.20 and an average FIL price of $50.07.

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

The constant upgrades and partnerships will give a massive boost to the price of Filecoin (FIL). According to CoinPedia’s formulated Filecoin price prediction. With a spike in bull market sentiments, FIL’s price may skyrocket to $19.12 by the end of the year 2024. 

On the downside, future market fluctuations and increased competition may adversely affect the altcoin’s price. Wherefore, the price may see a downtrend in the upcoming months. Which may result in a collapse of the coin’s price to $8.50.

Filecoin is a trusted decentralized storage system, with an objective to “store humanity’s most important information”. Moreover, the asset is an open-source cloud storage cryptocurrency. Launched with the aim of blockchain-based cooperative digital storage and retrieval. 

Similar to Ethereum, Cardano, and many other assets, Filecoin has its own native token FIL. This is an ERC 20 token in Binance smart chain mainnet. This native protocol incentivizes a global network of computer operators to pay for digital storage and retrieval, and for other transactions on the platform.

The initial release of Filecoin was on the 15th of July 2014 and went live on the mainnet in October 2020. The platform was founded by Juan Benet, who was a Computer scientist from the USA, who completed his studies at Stanford University. 

In order to bring revolutionary changes in the DeFi space, he launched Protocol labs in the year 2014. With the aim of promoting Filecoin, an Interplanetary File System (IPFS), a peer-to-peer storage network, and other projects. Prior to Filecoin mainnet launch in July 2020. Truffle Suit had declared that it would be allowing Filecoin to facilitate its investors to build DeFi Apps with 100% uptime.

Successively, this could be done by extracting the benefit of Filecoin’s digital storage miners across the world. In October 2020, Filecoin announced a partnership with consensys. With an aim of serving traders by enabling a new cost-efficient digital data storage option. Conversely, more than 60 tech firms have collaborated with Filecoin. And the platform has exceeded 1 exbibye of storage capacity.

• Filecoin entered the market in mid of October 2020. The price started to show bullish move and reached $5 by the end of November, and with fluctuations, ended 2020 with a trading price of $4.97.
• The first quarter of the year turned out extremely positive for Filecoin.
• By March 15th, the price of the coin soared beyond $80. Then, surprisingly FIL price skyrocketed to hit ATH at $237.24 on the 1st of April. The Chinese market crash dragged FIL price to $72.78 by the 22nd of May. 
• While FIL manifested a steady climb to $100 in September. However, aggravating situations plunged the price to $59.12. Failing to hold the local support, the FIL price dropped to $30.13 by the year’s end.
• The FIL price started the year, 2022 with a tag of $34.200 but due to series of fallouts and a market crash, the price concluded the year with a trading price of $3.023.
• The altcoin kickstarted the year with a price of $2.917 and as the bullish sentiment took a rise the FIL experienced a jump and the token concluded the year 2023 with a trading price of $6.947.

Yes, if you are planning for the long-term FIL’s price looks promising, as the coin is planning for expansion and more collaborations.

Filecoin price appears to have become vulnerable to FUDs and negative market sentiments.

If the bullish trend picks up and if the coin plans for more updates and partnerships. Filecoin’s price is expected to hit $19.12 by the year-end.

As per our Filecoin price prediction, the altcoin can soar as high as $22.67 by the end of 2025.

Filecoin is available across popular platforms such as Binance, Coinbase, Huobi, and more. You can easily register there and trade the coin.

With a potential surge, the price of FIL coin may reach as high as $60.20 during the year 2030.

At the time of publishing, the price of 1 FIL token was $11.009.