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People see the bearish trend on the Filecoin chart. Some of the traders say that there are too much hype and FOMO on the FIL coin. Filecoin Price Prediction for 2020-2025Īccording to users’ technical analysis on Trading View, there are controversial opinions on Filecoin’s future. There were many investors including Winklevoss Capital, Digital Currency Group, Andreessen Horowitz, Naval Ravikant, and Y Combinator. The ICO took place on the CoinList platform, which supposed to be used by confirmed USA residents only. $200 M of them were sold in the first hour of the presale. During this initial offering, $257 million were sold. Meanwhile, Justin Sun accused the Filecoin team of dumping the price of the asset.Īs we already told in the Filecoin review article, the FIL cryptocurrency ICO was bombing back in 2017. On the next day, this rate was reduced twice to $53. After the mainnet launch, the price of Filecoin boosted up to $105. Thus, developers create a distributed network for storing a wide variety of information of any size, be it a single file or huge databases.ĭuring the testnet, there were Filecoin futures contracts on the coins from ICO. With their brainchild, the creators of Filecoin want to compete with giants such as Google, Amazon, or Dropbox in the storage space. Within the project, a new communication protocol IPFS (InterPlanetary File System) was created, which was supposed to replace the outdated HTTP. Its main goal is to create a decentralized service for the distributed storage of various information. Protocol Labs from California, USA, announced the start of work on the Filecoin project back in 2014. Filecoin Price Prediction for 2020-2025.

Crosscode a promise is a promise 3 how to get coin