How good is Filecoin?

The Filecoin project started in 2014, but it didn’t appear on the market until October 2020. A coin that’s just a year old, Filecoin has performed well, currently ranked the 30th cryptocurrency on coinmarketcap . Although its price has recently declined, it could still be a shrewd investment option.

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How does Filecoin make money?

They earn Filecoin by winning bids and provider-fees for a particular file , which are determined by the market value of said file’s size. A retrieval providers’s bandwidth and bid/initial response time for deals (i.e., latency and proximity to clients) will determine its ability to close retrieval deals on the network.

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How high can Filecoin get?

Its long-term filecoin price prediction suggests that it could be worth $31.12 by April 2023, $24.77 by April 2024, $44.84 by April 2025, and as much as $82.77 in 2030 . WalletInvestor forecasts that the filecoin price in a year’s time will be $1.57, and expects the token to continue on a general downtrend.

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