Western World believes that, looking at the entire market, FIL is the brightest star and the most beautiful cub in the recent currency market. Regardless of whether Bitcoin and Ethereum are adjusted or not, their recent market has risen significantly, from a minimum of $31 to a maximum of $139 in about a month, an increase of more than 6 times.
FIL's soloist tone might not be obvious when the market rose in the early stage. But everyone knows that the market is mainly adjusted recently, and both the pie and the concubine have experienced rugged movements. So FIL's way to the sky was simply born out of nowhere. And as far as the Western World knows, FIL is not only popular in the domestic currency circle, but the global currency circle is hotly discussed. The FIL mining boom alone, the internal news of the Western World is the initiative of several waves of overseas friends. . So this wave of craze is worldwide.
From the six months after FIL went online, Western World summarized its advantages as follows:
1. Technical practice shows that the permanent storage, sharing, non-tampering and deletion of information pursued by Filecoin is preliminary and reliable. The so-called user can request multiple web elements from multiple nodes to complete web pages, which improves the operating efficiency of the network compared to HTTP. It seems that it is indeed possible. In other words, its preliminary technical goals seem to be achieved. Not many people say that Filecoin is a scam project anymore, but it has entered a new stage. Now people are considering how fast Filecoin will develop, and (Western World FIL Mining + Mariobtc) will form an advantage and expand in those data storage areas. Market, whether the traditional Oracle database storage has formed a comparative advantage, etc.
2. Filecoin's lock-up mechanism is exquisitely designed, which has formed a good support for the currency price. FIL has designed a GAS destruction mechanism. The more active the network, the more FIL will be destroyed. It is said that Ethereum EIP1559 will also imitate the destruction mode of FIL similar mechanism. Moreover, FIL mining requires a pre-mortgage. To mine, you must first buy FIL, while the output of mining must be linearly unlocked. Even so, miners are still increasing investment because the prospects are still promising. This "perpetual motion machine" model of "measured destruction + pre-mortgage + linear unlocking" makes the total amount of circulating FIL controllable and forms a good match with market funds.
3. FIL is about to enter a new stage of drastically reducing the daily release of tokens, providing a good stage for capital to speculate on currency prices. Before April 15th, 648,000 FILs were released every day, and after April 15th, about 365,000 FILs were released every day. A simple calculation will find that the daily release of 280,000 FILs is less than the selling pressure, which means that the FIL released every day in the second half of 2021 is only about 60% of the first half of 2021. This is a real big plus. It also reminds me that I misunderstood this issue last year. At that time, I thought it was the initial release of private equity after half a year. In fact, it was mainly concentrated in the first half of the year and it was reversed. Therefore, it was expected that the operation should take place in the first half of the year, and it would die after 6 months. But in fact, since the correct information is the accelerated release in the first half of the year, it is no wonder that the FIL coin price did not move in the first half of the year. It is called a "stable coin." "Reduce the bull market."
Knowing the above points, it is very clear that this wave of FIL bull market has a solid foundation, and the Western World has not seen the so-called "money speculation". In fact, its rise is similar to the previous Defi hot coins on the Ethereum chain. Because of the solid fundamentals, the hype will not end in a short period of time. It is likely to spread to the entire 2021 and there will be more than two swings.
Regarding the currency price of FIL, refer to some internal analysis of the Western World last year. At that time, a conjecture of such a range was proposed:
1. Conventional rationality: The goal is to enter the top ten of the currency circle (today's market value ranking has reached the tenth). In September last year, referring to the total circulation of 158.4 million in the first year, it was estimated that if the market value was about 10 billion U.S. dollars, the currency circle was the fifth in the total market value at that time. Then the price of the coin should reach the level of 60-70 USD per coin. FIL is now the 9th in the currency circle. Because the market value of everyone in the bull market has risen, if the current 5th ADA and 6th DOT are benchmarked, the price of FIL will be about 300 US dollars, and there is more than twice the space. .
2. Go straight to Qingyun: In September last year, referring to the total market value of Ethereum (close to 40 billion U.S. dollars at the time), the FIL coin price should reach 220-300 U.S. dollars per coin. And if FIL is to enter the top three, that is close to the level of Ethereum (for example, the estimated Ethereum is 2500 US dollars), then the currency price of FIL should reach 1000 US dollars per coin. This number is predicted by some famous people in the currency circle when FIL is launched. .
3. The myth of the mad bull: It is still unknown whether there will be mad bulls in this round of bull market. If so, then if Bitcoin actually exceeds US$200,000 or even 300,000 US dollars, (Western World IPFS: Mariobtc) and Ethereum reaches 10,000 In the case of US dollars, then FIL will probably be crazy. After all, it will be hundreds of millions in 2021. If the funds are really crazy, they can indeed be speculated. In that case, 2,000-5,000 US dollars may be possible. But this is a small probability, just look at it as you walk.
Of course, these are some of the Western World's expectations for FIL under optimistic circumstances. The market is changeable, and it is still unknown whether there will be such optimism in 2021. Still the same sentence, let's watch it while walking.