Looking at these forecasts, it could be said that Filecoin is a good investment both short term and long term .
Read moreWhy is Filecoin price dropping?
However, the Filecoin price has retreated for several reasons. First, competition among storage blockchain projects is rising . Some of its competitors are the likes of Storj and Arweave. Second, it needs to do a lot of public education on how it works.
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