Filecoin Price Prediction 2020
Filecoin Price Prediction 2020

Filecoin price prediction 2020

What is Filecoin (FIL)? Is decentralized storage, the next mega-opportunity? My Filecoin price prediction for 2020.

Smart Finance
13 min readOct 18, 2020

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Once upon a time, there was an ICO so hyped that everyone had big hopes, and after 3 long years of development, one of the most hyped projects in the crypto sector went live on main-net (October 15th).

‘You can literally feel the hype, at least my mailbox feels the hype, I received so many questions from the community regarding Filecoin (FIL) that I decided it’s worth to take a look again, If you are a FIL fanboy, this Filecoin price prediction article may not be for you, I’ll be brutally honest with my Filecoin price prediction.

However, before we start with the Filecoin price prediction let’s get to the fundamentals.

Why Decentralized storage?

In addition to decentralized financial services (Defi), decentralized storage systems based on blockchain technology are also seen as promising.

These projects are still waiting for the big breakthrough, but the explosion in data volumes has made the call for adequate solutions louder.

From websites to videos, animated images (GIFs), vacation photos, or backups of local data and archives…

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