Filecoin (FIL) is showing great potential as several analysts predict significant growth in its value by the year
2025, with one forecasting a massive
44X surge and a target price of $190. One key factor expected to drive this growth is the planned
F3 upgrade, which could enhance the Filecoin network's finality by 450x, resulting in faster and more efficient operations. In addition, Filecoin is continuously expanding its partnerships, recently collaborating with
Solana for decentralized data storage, which caused a 33% price rise in February 2024 and a subsequent increase of 16%. The company is also actively supporting the growth of Decentralized AI, particularly with its integration with
CryptoEternalAI. Focus on
Artificial Intelligence (AI) is further echoed by Grayscale launching an AI-focused crypto fund which includes Filecoin. Despite the overall positive sentiment, the cryptographic currency had faced some hurdles, such as Binance delisting Filecoin and Optimism's spot trading pairs, and a temporary transaction suspension on Upbit due to a major network upgrade. Investor fears of another decline in Filecoin price have also been noted. However, traders remain optimistic, especially with the anticipation of the network upgrade NV23 'Waffle' expected to enhance performance. It is worth mentioning that Chinese police are investigating the team behind Filecoin Liquid Staking Platform STFIL, causing some turbulence in the community.
FIL Coin News Analytics from Mon, 13 Nov 2023 08:00:00 GMT to Wed, 02 Oct 2024 19:21:55 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 3
