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Filecoin Price Prediction – Will FIL Price Hit $200 in 2022?

Filecoin-FIL-Price-Prediction Prediction
  • Bullish FIL price prediction ranges from $10.48 to $117.94.
  • The FIL price might also reach $200 soon.
  • FIL bearish market price prediction for 2022 is $4.25.

This Filecoin (FIL) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into account upon coming up with our FIL price analysis and prediction.

Filecoin (FIL) so far has become one of the most impressive cryptocurrencies this year. Specifically, the crypto was able to record an all-time-high price of $237.24 last April. This aggressive performance of the crypto attracts the attention of investors around the world, though its price has reduced by over 88.2% in the past one year.

Regarding Filecoin’s technology, the network uses blockchain technology to run its operations. Mainly, the crypto uses blockchain for the storage of its users’ files on the storage miners. These storage miners are the ones responsible for keeping the files on track and their authenticity. With this, users of the network can be sure that their files are stored reliably and correctly over time.

In this FIL price prediction and price analysis, we take a look at the performance of FIL if it will reach $200. But before that, let us learn more about what Filecoin (FIL) is and its current position in the crypto market.

What is Filecoin (FIL)?

Filecoin is a storage network based on blockchain technology that turns cloud storage into an algorithmic market. It aims to provide all its users worldwide with a safe place to store common and sensitive data or information. Best of all, FIL is designed to be user-friendly in a way that it has special software that enables its users to store data on a PC’s hardware.

The Filecoin network was launched in 2014 and was designed by the Protocol labs. It is built on top of the Interplanetary File System, allowing users to rent unused hard drive spaces. On the other hand, the miners that facilitate or provide data storage or retrieval of files are rewarded by the network.

To be specific, there are many types of data and files that the Filecoin network supports. For example, company files, private data, websites, videos, personal files, public databases, podcast data, contract data, and security archives to name a few.

Now that we have an idea about FIL, do you think FIL will be profitable crypto in 2022? Join me and let us see the charts in this FIL price prediction.

Filecoin (FIL) Current Market Status

As of the time of writing this Filecoin technical analysis, FIL trades at $5.80 with a 24-hour trading volume of $188,179,069. The price of FIL has increased by 3.31% in the last 24 hours.

Furthermore, FIL has a current circulating supply of 222,429,764.00 FIL. Currently, the top crypto asset trading platforms for FIL are GeminiKrakenGate.ioKucoinBitfinex, and Huobi Global.

Now, let’s proceed to the next part of this FIL price analysis for 2022.

Filecoin (FIL) Price Analysis 2022

Currently, FIL holds the 37th place on CoinMarketCap. But will the latest upgrades, developments, and changes in the FIL blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this FIL price prediction article.

FIL/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for FIL/USDT, we can deduce that the price of Filecoin (FIL) might get bullish in some days since the price is in the first half of the channel from the bottom. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

FIL/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of 1 Day chart is 40.96.  This shows that FIL is showing a neutral trend since it is between 30 and 50. This value is triggering a bullish run since more buyers are repositioning as the value is moving further from the 30 RSI value which is the oversold region.

FIL/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are above the recently formed candlestick, the next bullish run might be long.

Filecoin (FIL) Price Prediction 2022

The chart below shows that FIL has performed great over the past few days. Moreover, the FIL price was over 3.31% on the last one day. If this trend continues, FIL might run along with the bulls, overtaking its $10.48 resistance1 level and even higher to $117.94 at the resistance7 level, a bullish signal for 2022.

FIL/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

Conversely, if the investors turn against the crypto, the bears might take over and dethrone FIL from its uptrend position. In simpler terms, the price of FIL might drop to almost $4.25, a bearish signal.

Meanwhile, our long-term FIL price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time high (ATH) at about $237.24 according to CoinMarketCap. However, it is impossible for FIL to reach this level within this year.

If this bullish trend continues, FIL will reach $117.94 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $10.48. Then the rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $200 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Filecoin (FIL) Price Prediction 2023

If FIL holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $400, making it not plummet but play consistently.

Filecoin (FIL) Price Prediction 2024

As per the latest upgrades, developments, FIL price prediction, and new project forecasts of the platform, FIL investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of FIL in the crypto market, and it will be the best investment as the price can spike and reach around $600.

Filecoin (FIL) Price Prediction 2025

In the next three years, FIL prices could rise up to $1000. More so, reaching this level could not be so difficult for FIL as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that FIL has a high possibility of reaching a new ATH soon in the next three years as per the prediction.

Filecoin (FIL) Price Prediction 2026

If Filecoin (FIL) maintains a relative strength index that is above 50 by the end of 2025, it might reach $1500 by the end of 2026.

Filecoin (FIL) Price Prediction 2027

As per the latest upgrades, developments, FIL price prediction, and new project forecasts of the platform, FIL investors could expect many partnerships and integrations around 2027. Moreover, this might boost the price of FIL in the crypto market, and it will be the best investment as the price can spike and reach around $2000.

Filecoin (FIL) Price Prediction 2028

In the next six years, FIL prices could rise up to $4000. More so, reaching this level could not be so difficult for FIL as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that FIL has a high possibility of reaching a new ATH soon in the next six years as per the prediction.

Filecoin (FIL) Price Prediction 2029

As per the latest upgrades, developments, FIL price prediction, and new project forecasts of the platform, FIL investors could expect many partnerships and integrations around 2027. Moreover, this might boost the price of FIL in the crypto market, and it will be the best investment as the price can spike and reach around $6000.

Filecoin (FIL) Price Prediction 2030

In the next eight years, FIL prices could rise up to $10,000. More so, reaching this level could not be so difficult for FIL as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that FIL has a high possibility of reaching a new ATH soon in the next eight years as per the prediction.

Conclusion

Filecoin (FIL) has a bright future ahead of it in 2022. With the ongoing developments happening within the FIL ecosystem, as well as in the overall crypto market, we may see FIL reach new heights.

Bullish FIL price prediction 2022 is $120. As said above, it may even reach $200 if investors have decided that FIL is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is FIL?

FIL is one of the active digital assets in the crypto market. Consequently, traders and investors are now closely monitoring crypto. Filecoin’s native token is FIL.

How to Buy FIL Tokens?

Users can obtain FIL tokens by purchasing them from cryptocurrency exchanges such as Gemini, Kraken, and Huobi.

Is FIL a good investment in 2022?

FIL is the best crypto asset to invest in 2022. Best of all, FIL has a high possibility of surpassing its current ATH at about $237.24 this year.

Can FIL reach $200 soon?

Yes, it’s very much possible that FIL might reach $200 in the near future as per the current bullish trend.

What will be the Filecoin price by 2022?

Filecoin (FIL) price is expected to reach $120 by 2022.

What will be the Filecoin price by 2023?

Filecoin (FIL) price is expected to reach $400 by 2023.

What will be the Filecoin price by 2024?

Filecoin (FIL) price is expected to reach $600 by 2024.

What will be the Filecoin price by 2025?

Filecoin (FIL) price is expected to reach $1000 by 2025.

What will be the Filecoin price by 2026?

Filecoin (FIL) price is expected to reach $1500 by 2026.

What will be the Filecoin price by 2027?

Filecoin (FIL) price is expected to reach $2000 by 2027.

What will be the Filecoin price by 2028?

Filecoin (FIL) price is expected to reach $4000 by 2028.

What will be the Filecoin price by 2029?

Filecoin (FIL) price is expected to reach $6000 by 2029.

What will be the Filecoin price by 2030?

Filecoin (FIL) price is expected to reach $10,000 by 2030.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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Chukwuemeka is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.