Filecoin price prediction 2024-2030: What’s the future for FIL?

Key takeaways

• Filecoin price faces heavy selling pressure, experiencing bearish sentiment in the short term.
• Our Filecoin price prediction suggests an average market price of $5.65 by the end of 2024.
• By 2030, FIL might touch $42.22 following increased institutional adoption.

The crypto industry has been consistently introducing innovative and groundbreaking projects. Among these, Filecoin (FIL) has captured attention with its unique features, particularly its decentralized file storage system, alongside its impressive growth metrics. This has firmly positioned it within the industry. Following its significant success in 2021, where it achieved substantial returns, there’s a growing interest among investors in FIL. If you’re considering investing in FIL but are uncertain about its future outlook and long-term potential, we’ve got you covered! Here, we present a comprehensive analysis of FIL’s price forecasts for 2024 and beyond.

Overview

Cryptocurrency	Filecoin
Token	FIL
Price	$4.475
Market Cap	$1,597,660,877
Trading Volume	$110,655,563
Circulating Supply	2,803,634,836
All-time High	$237.24
All-time Low	$1.83
24 High	$ 0.5898
24 Low	$ 0.5621

Filecoin price prediction: Technical analysis

Metric	Value
Price Prediction	$ 18.54
Volatility	6.48%
50-Day SMA	$ 7.28
50-Day RSI	37.82
Sentiment	Bearish
Fear & Greed Index	56 (Greed)
Green Days	14/30 (47%)
200-Day SMA	$ 6.26

Filecoin price analysis

FIL price analysis: Cryptocurrency upgrades to $4.475 after upside

TL;DR Breakdown

• Filecoin price analysis confirms an uptrend.
• The coin value has recovered past its $4.475 high.
• Support is being provided at $3.721.

The daily and hourly Filecoin price analysis for June 27, 2024, indicates signs of a growing bullish trend. The week has proved relatively in favor of the bulls, with a few instances of bearish resistance. In the past 24 hours, a considerable rise in buying activity has been observed. The overall value of the cryptocurrency has spiked up to $4.475, confirming the upward recovery.

Filecoin price analysis 1-day chart: An upturn leads to a recovery above the $4.475 high

The daily Filecoin price analysis shows signs of a bullish trend for the day. The price movements have been fluctuating in the past few weeks. The bulls are now back on track considering the turnover in the past 24 hours. Similarly, the overall value of the cryptocurrency has recovered to $4.475. The moving average (MA) indicator shows improvement in its value because of the recent upturn. The indicator’s curve is on the ascending side, and its overall value has spiked up to $4.402.

The volatility is on the decreasing side, which is a positive signal for the coming market events. Whereas, the upper and lower bands of the Bollinger bands indicator have shifted their positions as a result of the declining volatility. The upper Bollinger band is currently present at $6.160 high, while the lower Bollinger band is situated at $3.721 low for now. The Relative Strength Index (RSI) indicator confirms the recent changes in price movements. Its overall value has spiked up to index 35.24, considering the recent turnover. 

Filecoin price analysis 4-hour chart: FIL devalues to $4.475 after a bearish strike

The hourly Filecoin price analysis suggests a downtrend for the cryptocurrency. The earlier hours of the day proved favorable for the buyers. However, currently, the bears are on the leading end. In the past four hours, the coin value has deteriorated to $4.475. On the other hand, the moving average (MA) indicator confirms a rise in its overall value because of the upturn since the early hours of the day. The indicator’s curve is on the bullish side, and its overall value has hiked up to the $4.400 mark.

The four-hour price chart dictates a decreasing change in volatility. The upper end of the Bollinger bands indicator now shows its value at $4.524 high, hinting at the resistance. Whereas, the lower end of the Bollinger bands indicator suggests its value at $4.282, marking stable support. The RSI graph displays a sharp bullish curve on the graph. Its overall value, however, has dropped to index 56.20 amidst the ongoing downside.

Filecoin technical indicators: Levels and action

Daily simple moving average (SMA)

Period	Value	Action
SMA 3	$ 5.99	SELL
SMA 5	$ 5.87	SELL
SMA 10	$ 5.95	SELL
SMA 21	$ 5.98	SELL
SMA 50	$ 7.28	SELL
SMA 100	$ 7.52	SELL
SMA 200	$ 6.26	SELL

Daily exponential moving average (EMA)

Period	Value	Action
EMA 3	$ 5.99	SELL
EMA 5	$ 6.00	SELL
EMA 10	$ 6.00	SELL
EMA 21	$ 6.26	SELL
EMA 50	$ 6.96	SELL
EMA 100	$ 7.05	SELL
EMA 200	$ 6.50	SELL

Filecoin technical analysis: Conclusion

The daily and hourly Filecoin price analysis is suggestive of an uptrend for the cryptocurrency today. The bulls have bounced back in the past 24 hours as the buying pressure has resumed once again. Overall, the cryptocurrency has recovered up to $4.475 as a result of the upturn today. On the opposite side, the four-hour price analysis remained in support of the bears.

Recent news/opinion on Filecoin

• Network Upgrade and Technical Enhancements: Filecoin has successfully integrated with Solana to store the blockchain’s historical data, highlighting a strategic collaboration aimed at leveraging Filecoin’s decentralized storage capabilities for enhancing blockchain data accessibility​.
• Expansions in Decentralized Storage Solutions: Filecoin’s ecosystem has seen the introduction of new decentralized storage solutions, such as the integration with Swan Multi-Chain Storage. This integration allows for a more seamless user experience in uploading, storing, and retrieving data across the Filecoin network without requiring deep technical expertise. Such collaborations enhance Filecoin’s utility by offering cross-chain compatibility and improved security through distributed storage architecture​.

Is Filecoin a good investment?

Filecoin’s value proposition lies in its utility as a decentralized storage network, which could see increased demand with the growth of data storage needs and decentralization trends. Its investment potential is subject to the usual risks of cryptocurrency volatility, market sentiment, and regulatory changes. Long-term viability would depend on adoption rates, technological robustness, and the competitive landscape. Investors should weigh these factors and perform due diligence, considering both the technology’s fundamentals and market dynamics, before making investment decisions.

Filecoin price prediction June 2024

Filecoin could experience an uptrend by the end of June, surpassing $5. The minimum price projected for the coin is around $4.95. On average, traders and investors can expect FIL to trade at a maximum price of $5.92.

Filecoin price prediction	Potential Low	Potential Average	Potential High
Filecoin price prediction June 2024	$4.95	$5.02	$5.65

Filecoin price prediction 2024

The price of FIL is predicted to reach a minimum value of $5.01 by Q4 of 2024. Traders can anticipate a maximum value of $12.41 and an average trading price of $12.11.

Filecoin price prediction	Potential Low	Potential Average	Potential High
Filecoin price prediction 2024	$5.01	$12.11	$12.41

Filecoin price prediction 2025 – 2030

Year	Minimum Price	Average Price	Maximum Price
2025	$12.09	$13.77	$14.58
2026	$16.63	$19.67	$20.39
2027	$21.71	$24.92	$25.64
2028	$21.71	$24.92	$25.64
2029	$26.80	$29.55	$31.00
2030	$38.10	$41.18	$42.22

Filecoin price prediction 2025

In 2025, FIL’s average price could be about $13.77. Its minimum and maximum prices can be expected at $12.09 and $14.58, respectively.

Filecoin price prediction 2026

The Filecoin forecast for 2026 suggests a price range of $16.63 to $20.39 and an average FIL rate of $19.67.

Filecoin (FIL) price prediction 2027

As per FIL’s Price Prediction 2027, the coin’s price could reach a maximum and minimum price of $25.64 and $21.71, respectively, with a year-round average of $24.92.

Filecoin price prediction 2028

The price of Filecoin is predicted to reach a minimum value of $21.71 in 2028. Traders can expect a maximum value of $25.64 and an average trading price of $24.92.

Filecoin price prediction 2029

In 2029, FIL’s average forecast price could be about $29.55. Its minimum and maximum prices can be expected at $26.80 and $31.00, respectively.

Filecoin (FIL) price prediction 2030

In 2030, the price of FIL is forecasted to be around a minimum value of $38.10, maximum value of $42.22, and an average trading value of $41.18.

Filecoin market price prediction: Analysts’ FIL price forecast

Firm Name	2024	2025
Wallet Investor	$8.851	$11.165
Priceprediction.net	$7.06	$8.16

• CoinCodex predicts the price of FIL could reach a high of $26.00 and a low of $5.56 by 2025.
• Cryptopredictions.com predicts the price of FIL could reach a high of $16.7 and a low of $11.35 by 2025.

Cryptopolitan’s Filecoin(FIL) price prediction

Continuous improvements and collaborations are expected to increase the value of Filecoin (FIL) significantly. Cryptopolitan projections suggest that the price of FIL could soar to $12.41 by the close of 2024, buoyed by optimistic market trends. However, potential market volatility and growing competition could negatively impact its value. Consequently, there’s a possibility that the price might experience a decline in the near future, potentially dropping to as low as $5.01.

Filecoin historic price sentiment

• Filecoin (FIL) started trading in December 2017, a short period after conducting its ICO. Trading started long before the Filecoin mainnet was released. 
• Between December 2017 and May 2020, FIL traded below $30. Then, starting mid-May, the Filecoin price started rising, and the bull trend continued until 01st April 2021, when it hit its highest price of $237.24.
• After hitting its all-time high in mid-May 2021, Filecoin took a bearish turn, which continued until mid-July when the market turned bullish again.
• Filecoin (FIL) experienced notable price fluctuations between 2022 and 2023. Starting 2022 at a higher value, FIL’s price declined amidst the broader crypto market downturn.
• The price fluctuated throughout 2022, influenced by factors such as market sentiment, technological developments, and broader economic conditions.
• Entering 2023, Filecoin (FIL) exhibited a dynamic price trajectory. The year commenced with FIL at $3 in January, experiencing a gradual ascent amid market fluctuations. By mid-year, it surged slightly to $4.32.
• At the beginning of January 2024, Filecoin prices varied, starting the year at $7.65 and peaking at $7.18 the following day. There was a significant drop in the subsequent days, with prices dipping to a low of $5.83 on January 14th.
• Throughout the following months, the price of Filecoin generally trended downward, from the highs of early January to more moderate levels. By March, the prices showed a bit more stability, fluctuating between $5.60 and $6.15.
• Filecoin (FIL) began April with a high of $6.58, experienced a mid-month low of $5.14, and closed around $6.14 towards the end of the month.
• May 2024: The price opened at $6.03, dipped to a low of $5.42 by mid-May, and stabilized around this lower value by May 13th, indicating continued volatility​.
• June 2024: FIL is trading between $4.18 – $6.73.