Key Takeaways
After peaking above $10 in March 2024, Filecoin (FIL) has been on a downturn, becoming one of the few cryptocurrencies to drop at a time when the market boomed.
However, there was some interest early in 2025 when the South Korean Bithumb exchange listed FIL in a part with the Won fiat currency.
On Jan. 6, 2025, FIL was worth about $6.
Let’s now examine our price predictions for Filecoin, made on Jan. 6, 2025. We will also examine the Filecoin price history and discuss what FIL is and does.
Our Filecoin crypto price predictions will use the wave count method to predict its future movement.
We will add and remove 20% from the target price to provide a range of possible outcomes, resulting in minimum and maximum FIL price predictions.
Minimum FIL Price Prediction | Average FIL Price Prediction | Maximum FIL Price Prediction | |
2025 | $0.76 | $0.95 | $1.14 |
2026 | $0.79 | $0.98 | $1.17 |
2030 | $0.35 | $0.45 | $0.55 |
The FIL price completed an A-B-C corrective structure between December 2022 and February 2024. This is eerily similar to that of 2020-2021. What followed afterward was a long-term five-wave decline that culminated with the all-time low price of $2.41.
A similar downward trend transpires in the current movement, though FIL has only completed waves one and two of this decline (black). We can use the 1.61 lengths of wave one to figure out the bottom for wave three and then give wave five the same length as wave one.
Doing so and projecting the same duration for the decline as for the preceding downward movement leads to a low of $0.62 in November 2025.
Then, we can project a similar corrective bounce as to the one that happened at the start of 2023. Doing so will give us a target of $0.95 by the end of 2025 and $0.98 by the end of 2026.
We use the daily rate of decrease for the past two years to make a Filecion price prediction for the end of 2030. Since September 2022, the FIL price has fallen at a rate of 0.27% per day. Projecting this decline until the end of 2030 gives our Filecoin price prediction of $0.45.
Our Filecoin price predictions give a target range between $0.76 and $1.14 for the end of 2025.
Our Filecoin price predictions give a target range between $0.79 and $1.17 for the end of 2026.
Using the daily rate of increase for the past two years, we arrive at a Filecoin price prediction of $0.35 to $0.55 for the end of 2030.
The six-hour FIL chart shows that the price broke out from a descending resistance trend line that existed since the 2024 high of $8.50.
After breaking out, the price nearly reached the 0.5 Fibonacci retracement resistance level, which is also a horizontal resistance area.
If FIL breaks out, it can increase toward its yearly high. On the other hand, a rejection can lead to a retest of the December 2024 low of $4.37.
The FIL price prediction for the next 24 hours is undetermined. Whether FIL breaks out or gets rejected from the 0.5 Fibonacci retracement resistance will be key in determining the trend’s direction.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: The current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.
On Jan. 6, 2025, the ATR for FIL was 0.477, a sign of average volatility. The ATR has fallen since 2021.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold.
Movements above 70 and below 30 show over and undervaluation, respectively.
Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Jan. 6, 2025, Filecoin’s RSI was at 57, a sign of a somewhat bullish trend.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Jan. 6, 2025, Filecoin scored 46.3 on the CCN Index, suggesting moderate momentum.
We examined the FIL price history and found the lowest prices on certain days, months, quarters and even weeks in the year, indicating the best times to buy FIL.
Time to Buy FIL | Best Days, Weeks, Months and Quarters |
---|---|
Best Day | Saturday |
Best Week | 7 |
Best Month | March |
Best Quarter | First |
Let’s now examine the Filecoin price history . While past performance should never be taken as an indicator of future results, knowing what the token has done can help give us useful context when making or interpreting a Filecoin price prediction.
Time period | Filecoin price |
---|---|
Last week (Dec. 30, 2024) | $5.16 |
Last month (Dec. 6, 2024) | $8.30 |
Three months ago (Oct. 6, 2024) | $3.71 |
One year ago (Jan. 6, 2024) | $6.27 |
Five years ago (Jan. 6, 2020) | $4.04 |
Launch price (Dec. 14, 2017) | $11.48 |
All-time high (April 1, 2021) | $237.24 |
All-time low (Aug, 29, 2019) | $1.83 |
The market capitalization, or market cap, is the sum of the total number of Filecoin in circulation multiplied by its price.
On Jan. 6, 2025, the Filecoin market cap was $3.75 billion, making it the 44th-largest crypto by that metric.
Supply and distribution | Figures |
---|---|
Total supply | 1,959,703,218 |
Circulating supply (as of Jan. 6, 2025) | 619,411,143 (31.6% of total supply) |
Filecoin’s whitepaper , a technical document that explains the platform’s purpose and actual operations, says the network is designed to take advantage of changes to the internet, with people looking for more control and privacy.
It says: “Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (also called “Filecoin”), which miners earn by providing storage to clients. Conversely, clients spend Filecoin hiring miners to store or distribute data.
“As with Bitcoin, Filecoin miners compete to mine blocks with sizable rewards, but Filecoin mining power is proportional to active storage, which directly provides a useful service to clients.”
Filecoin is designed to help people use cloud storage on the blockchain. The idea is that, since The Cloud is, in effect, a decentralized network where people can access their files from any device with an internet connection, then, logically speaking, it makes sense for the organization of the network also to be decentralized.
Founded in 2014 by California-based crypto entrepreneur Juan Benet, Filecoin was originally a InterPlanetary File Network storage system sidechain. In 2017, though, it held an initial coin offering (ICO), and in 2020, its mainnet launched. Filecoin is supported by its native token, which goes by the ticker handle FIL.
Filecoin uses a consensus mechanism called Proof-of-Spacetime. According to the Filecoin whitepaper, Proof-of-Spacetime features blocks created by miners who store data in them. This allows the protocol to provide data storage and retrieval in a decentralized manner.
Clients pay to store and retrieve data, while storage miners can earn FIL by offering storage. Retrieval miners earn FIL by retrieving data. FIL can also be bought, sold, and traded on exchanges, and it is used to reward miners.
Filecoin has suffered over the last two years, losing more than 95% of its value since the Spring of 2021. While it initially looked like it would shrug off the SEC, which apparently classified it as an unregistered security, the regulator’s lawsuit against Binance and Coinbase threw it back into the spotlight. Nevertheless, it is still comfortably in the top 50 cryptos by market cap and is not without its fans. We must see how the market reacts and if it recovers over time.
Nobody really knows right now. While many price forecasts are broadly optimistic, at least in the longer term, price forecasts are often wrong. Remember, too, that prices can and do go down and up.
Before investing in Filecoin, you will need to do your own research on FIL and other similar cryptos, such as Storj Labs (STORJ). The most important thing is never to invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
Our price predictions suggest Filecoin will not reach $100 in the near future.
The Filecoin blockchain is a decentralized remote storage network, and the FIL crypto coin is used to help support it.