Filecoin price prediction indicates a short-term growth towards $26 while in the long-term it may cross $100. Filecoin’s strong points lie in its core role in supporting blockchain technology.
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What is Filecoin?
Filecoin is a decentralized data storage (cloud) platform that lets users trade their storage space through blockchain technology. Being decentralized, this cloud service could have a lot more uptime than all other centralized clouds.
It has recently launched its own stablecoin, USDFC, which allows users to comfortably secure their funds on the Filecoin network without having to worry about market volatility.
Fundamental Analysis
Filecoin is one of the few crypto projects that have a core role to play in crypto markets. As blockchains grow, most of them will get bulky and it will get difficult to run them. Eventually, all of these blockchains will shift towards secure off-chain storage to store historical data.
As a result, the Filecoin project sees a very good future potential to be one of the core infra projects similar to Chainlink, Ethereum, and Bitcoin.
Some of the top ones like Solana, have already started doing that.
Technical Analysis
After breaking out of a falling wedge, Filecoin’s price has consolidated at the $3.5 support zone. As long as it remains around this zone, Filecoin is unlikely to show any major price fall.
The next resistance for Filecoin is around $6.5 after which it is likely to show a major rally on the upside. Initial targets after this breakout seem to be around $11 and $26.
This rally could already be in the making because lately, Filecoin has experienced a very high volume of trading, which signifies high accumulation in the crypto.
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Filecoin Price Prediction
In the short term, Filecoin could reach $26 while in the long term, it may cross $100.
Filecoin Price Prediction 2025
In 2025, Filecoin is expected to cross a minimum of $11 and a maximum of $26 based on technical charts, expected growth in the crypto markets, and a positive series of crypto regulations in the market.
Filecoin Price Prediction 2026
The year 2026 could show a slight slowdown in Filecoin. It may fall back to $20 levels or could stabilize in the range of $20 to $25.
Filecoin Price Prediction 2027
In 2027, Filecoin could stabilize between $18 and $30 as bulls and bears fight for domination in crypto markets. Bears would feel empowered based on a 4-year crypto cycle while bulls might feel encouraged due to increased demand for crypto projects.
Filecoin Price Prediction 2028
The pre-halving and post-halving altcoin rallies in 2025 could take Filecoin above $35. Further, it might see a greater demand due to the expected growth in crypto markets based on positive regulations.
Filecoin Price Prediction 2029
By 2029 we could see Filecoin crossing $50 as the crypto markets are expected to enter an altcoin season that year.
Filecoin Price Prediction 2030
In the long term, we might see Filecoin cross $75 due to the previously mentioned fundamental reasons.
Filecoin Price Prediction 2045
We could see Filecoin crossing $100 by 2045 due to its central role in the DePIN markets.
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