Recently, during the Chinese New Year, many readers came over and asked if the FIL has been rising recently. As the leader, FIL will definitely rise, and then it will pull back again. Now the currency price has really risen. What is the trend of the price?
Why does FIL skyrocket?
Filecoin is a king-level project in the storage sector. It is a favorite of thousands of people. When it was launched on the mainnet, the media sparred with all resources and launched a bombardment-style report on it.
BTC halving, ETH2.0, and Filecoin mainnet launch, the three major events contracted the hot spots for the whole year of 2020. The media also asserted that BTC, ETH and Filecoin are the three eras of blockchain.
With the launch of Filecoin's mainnet, the prices of a large number of storage projects are about to change. Huobi Exchange has also launched a storage section, and other exchanges have followed up quickly.
However, with the Filecoin mortgage mechanism and GAS disputes coupled with the official regulation of the market, the entire storage sector has undergone a thorough washing. In the past four months, FIL has fallen below US$30 and has become a stable currency. The price of FIL is as stable as Mount Tai, in spite of the storms in the market.
However, the previous reaction to the price of FIL in the secondary market is not to say that FIL is not favored by everyone, so the price is low, but that the official is regulating and allowing more rational people to enter the network and build the network. This is what the reviewer always thinks is right Necessary control measures for the sound development of the network.
Why do you think so? The recent FIL price is deeply felt by the miners who encapsulate the mining machine. The cost of encapsulating one T has doubled than before, and it has increased the threshold for entering the Filecoin network. Then, because they are afraid of speculators before the value is realized The enthusiasm receded, and the price of the currency fell precipitously, leaving miners in a dilemma. Because the Filecoin project wants to change the way the Internet is used, it must be slow and meticulous. This is the greatest affirmation of a project. Don't skyrocket without a new breakthrough, generate a huge bubble, and affect the development of the storage network.
Are you still looking forward to the skyrocketing FIL? Do you expect Filecoin to increase its orders tenfold like Dogecoin?
Then why is the price of Filecoin, the official has been controlling, then why can't it be controlled now? Because the storage sector is too hot by Filecoin, other storage sector projects have surged, attracting a large number of investors into the storage sector. Of course, the leader cannot let go, so on February 8th, the currency price suddenly became uncontrollable. We Let's take a look at Huobi, the growth rate of the storage sector.
FIL: about 96%
BTT: about 205%
BHD: about 100%
STORJ: about 700%
LAMB: about 100%
AR: about 300%
CRU: about 330%
Looking at the above increase data, FIL, as the leader of the storage sector, has undoubtedly become the most "weak chicken" project in the storage sector. Many people have begun to discuss value based on the increase, but they do not know that it is the result of the project's painstaking efforts. However, the various benefits of Filecoin are still being reported by the media, gray positions, Gemin co-founders' shouts, the US presidential election photo files are uploaded to the Filecoin network, and a series of reports. Finally, the price of FIL can't be held. , Soaring all the way to 52 dollars.
It is such a logic that the launch of Filecoin has driven the storage sector to skyrocket. Filecoin wants to stably develop the network, regulate prices, and return to the price level. Because of the skyrocketing storage sector, it has also driven the storage sector’s boss to skyrocket.
So at this stage, is the price of FIL going up or not?
If you observe the circle of friends of FIL followers in the past two days, there are probably two types of remarks.
The first category is speculation investors, they often say: FIL will not let down every currency holder. Don’t worry if you don’t have coins in your hand, you’re afraid you will lose your breath.
The second category is miners, they will say: FIL is so rising, the cost of packaging has risen tremendously, how can we dig?
What does that mean? Anyone who knows Filecoin knows that Filecoin mining requires pre-collateralization, that is, if you want to increase computing power, miners must buy currency pledges.
However, the dug out FIL cannot be realized immediately and needs to be unlocked in batches.
Because of the high price of FIL, the cost of mining is extremely high. For most miners, there is no such courage and financial strength. This led to complaints from miners in the early days of Filecoin's mainnet launch. So far, FIL's lending fees are still high, and miners have a great demand for FIL tokens.
Therefore, the FIL price stabilized below $30, which actually reduced the input pressure of miners. In the early days of the development of the Filecoin network, it promoted the growth of this basic network to some extent.
Now, FIL has exploded, which is good for the speculation in the secondary market, but it also means that the cost of mining is increasing. But for the entire Filecoin ecosystem, FIL skyrocketing is not necessarily a good thing for the real landing of storage applications.
Where will FIL prices go?
The current increase in the price of FIL will have a partial impact on the increase in miners and the increase in computing power. If the increase in computing power continues to slow down, the FIL price will inevitably fall back. But the price of 23-25U is unlikely, unless BTC has a very large shock. If the FIL price stays at 40U for a period of time and the growth rate of computing power stabilizes, the price may stay at 40U for a long time. Of course, there are new developments and breakthroughs in the government, and the price will be discussed separately. Therefore, the evaluator still believes that how to buy FIL at a low price is the kingly way to play this project.