Filecoin is a decentralized storage network that allows users to rent unused hard drive space to earn Filecoin tokens. It aims to reduce the costs of storage services by utilizing the global surplus of storage capacity. The current price of Filecoin (FIL) is $3.24, with resistance at $4.21 and $5.74, and support at $2.68. The RSI suggests potential exhaustion of selling pressure, but the consistent downward trend indicates limited bullish momentum. If support fails, prices could test $2.50. On the 4-hour chart, Filecoin is experiencing heavy bearish momentum, with immediate support at $3.07 and potential downside toward $2.90. Filecoin's future appears promising, but investors should consider market volatility and conduct thorough research. Filecoin is not built on Ethereum but has integrated with it for enhanced functionality. In 2024, Filecoin collaborated with NuklaiData's blockchain to archive global data and enhance AI technologies. Price predictions for Filecoin vary widely, with estimates suggesting it could reach $59 by 2030.



Other News from Today