Exclusive in-depth analysis of Western World: Why does the price of Filecoin keep rising?

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Western World News, Filecoin has been advancing all the way, soaring more than 97 US dollars, and its market value has crossed the 1,000 billion mark. The price of the currency rose by more than 90% overnight and doubled by 5 times in a month. The transaction volume surpassed Ethereum, ranking second only to Bitcoin. Within 5 months, the effective computing power of Filecoin's entire network exceeded 3.35 EiB, and there were 1615 active miner nodes. It is well-deserved and the hottest blockchain project in the world!

Since the birth of Filecoin/IPFS in 2014, with the top blockchain project, the halo of the king of love of Western Europe, it has attracted the crazy follow of the eight major global venture capital companies such as Grayscale parent company DCG and Sequoia Capital!

Filecoin/IPFS is the globally recognized representative of Web3.0. Home ipfsguanfang understand

On October 15, 2020, Filecoin finally went live on the mainnet, but the price of the currency did not go as expected. It was soaring. What followed was the most complicated linear release mining model in the history of blockchain. Miners see I don’t understand or understand, the research is overwhelming; the gas fee has soared by more than 10 million times, making the miners unable to make ends meet, and it is miserable; the Filecoin coin price has been sideways at more than 20 US dollars for ten thousand years, which can be called the most stable new generation of stablecoin.

In 2020, Filecoin is the most eye-catching blockchain project in the world, and the limelight even surpassed Bitcoin for a time! Entering 2021, Filecoin is the project that will not give the bull market face the least, and the currency price does not move at all without any sense of existence. Now that Filecoin is uncharacteristically, is there a demon if something goes wrong, or is Filecoin going from silence to an explosive phase?

On February 9th, the Filecoin project investor and the co-founder of the Gemini Exchange, the Winklevoss brothers tweeted:
Bitcoin has been very popular recently, but Filecoin is quietly taking action. Judging from the extent of developers’ active contributions, Filecoin is now the fourth-ranked project.
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Next, Filecoin coin price hit a new high of $52 since October 18, 2020. One hour after the mainnet went live, it hit a record high of $200. Since then, Filecoin has entered the currency price opening mode, and the benefits continue!

The city invested 10 million US dollars to purchase Filecoin mining machine server clusters and technical services. Heavily invested in the Filecoin/IPFS blockchain distributed storage business; on March 15, A-share listed company Xinyuan Technology invested 580 million yuan to strategically enter the IPFS distribution. Home ipfsguanfang understand

On February 16, 2021, the ninth city-style storage area of ​​a Nasdaq listed company.

Two days later (March 17), Grayscale, the world's largest digital asset management company, issued an announcement: launching the Filecoin trust product. The current total holdings are 499.93151 FIL. The move of Grayscale will bring more companies and funds into the Filecoin distributed storage project. The participation of tens of millions and hundreds of millions of listed companies will definitely directly drive the price of Filecoin to rise sharply.

At the same time, the protocol’s official technical iterations and network upgrades are also proceeding in an orderly manner. In particular, the FIP-0010 proposal has successfully reduced gas fees by 90%. The official team core developer Why announced in the Slack channel: Consider adding the popular NFT to the Filecoin network. Then the founder Juan also tweeted: NFT not on IPFS is not your NFT.
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Recently, the encrypted art website VIV3 was attacked, and the OVH data center in Strasbourg, Europe, was on fire, making the storage security requirements extremely urgent.

The agreement official is also considering the use of blockchain distributed storage technology to solve NFT storage and security problems. This will be another milestone feat for the agreement official!

The most noteworthy thing is: Filecoin's production cut on April 15th, Xiaobai who doesn't know the truth thinks it is: the reduction of Filecoin's production! The fact is that SAFT investors who participated in Filecoin in the early stage officially promised to linearly release Filecoin to investors (referred to as FIL6, FIL12, FIL36) 6 months, 12 months, or 36 months after the mainnet launch, and until April 15 , It happened that FIL6 investors received all Filecoin. Home ipfsguanfang understand

The agreement officially delivered all Filecoins of FIL6 on schedule, and the Filecoins reduced after April 15 are derived from the linear release of FIL6 and have no direct relationship with the Filecoins produced by miners.

After April 15, the original daily release of 648,000 Filecoins decreased by 280,000, and the market circulation decreased by 43.2%. However, there is still a large influx of miners, requiring a large amount of pledge and gas, and it is bound to be difficult to find a coin. The shortage of Filecoin has caused the price of the coin to continue to rise.

Rome was not built in a day! The main driving force for the increase in the price of Filecoin comes from the official adoption of technology by the protocol, which continuously solves the intractable diseases of the Filecoin network, optimizes the Filecoin network ecology, and is recognized by Filecoin network users/participants/miners, thereby attracting large institutions and large funds. Approach.

If Bitcoin is the absolute protagonist of this bull market and institutions making money, then Filecoin is the chief director of this bull market, where technology promotes the development of the blockchain world and creates a new generation of Internet infrastructure. Here, Western World hopes that the official agreement will truly become a representative of Web3.0.

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Origin blog.csdn.net/wildwolfsnake/article/details/115027601