Price Prediction for Filecoin in 2021 to 2025
Filecoin Price Prediction for 2021, 2022, 2023, 2024, 2025: Like many cryptocurrencies, the price of Filecoin’s native token FIL has seen its fair share of ups and downs since its mainnet launched on October 15, 2020. Just after midnight that day, it jumped from $26 all the way up to nearly $132 in less than 4 hours after launch, only to fall and stabilize in the $30 range for some time. Funny enough, according to coinmarketcap.com, FIL hit its all-time high on April 1, 2021 at $237.24 a token, and that’s no April Fool’s joke!
Recently the token has been through a few corrections, sliding from the $80-range to the $40-range in the last three months, marking a great entry point for newcomers and an opportune time for hodlers to stock up on tokens. But what does the future look like for this promising project? The team over at Protocol Labs is busy chugging away at a number of developments both directly within the Filecoin network and parallel projects utilizing its ecosystem, all of which are likely to have a big impact on the token’s price over time.
How much of an impact? We combed through several FIL price predictions to find out so you don’t have to! This amalgamation of predictions was put together by averaging the forecasts for December of each year by the following sites: DigitalCoinPrice, LongForecast, CoinPriceForecast, Cryptona, PricePrediction, and Coinskid.
The year is nearly coming to an end, and while no one could have seen the recent crypto crash in early December coming, it did indeed have an affect on the price of FIL. Some predictions are somewhat off because of this, but the more up-to-date ones suggest FIL could still rise slightly before the year’s end.
The average forecast for the end of 2021 using the predictions from the sites listed above comes out to $50.14. At the time of writing, the FIL price is sitting just below $41 at $40.95, so it’s certainly possible it could surpass the $50 mark in the few remaining weeks of 2021.
2022 is shaping up to be a big year for Filecoin, with several major developments set to be released, namely the rollout of the Filecoin Virtual Machine (FVM), which will add general smart contract programmability and computation to the Filecoin network’s existing storage capabilities.
This will open up doors for all kinds of new functionality within the Filecoin network including support for common crypto protocols such as ERC-20 tokens, DAOs, Decentralized Exchanges, and more. The average of each price forecast for December 2022 comes out to $60.51.
2023 is likely to be a year where we see increased adoption of the Filecoin network, as the FVM rollout will be fully completed by Q2 2022. Most of the price forecast sites above predict a steady incline and a price point in the low-to-mid $90 range to the low $100-range. The average price prediction for FIL in December 2023 came out to be $86.15.
By 2024, the Internet is likely to have completely shifted to a Web3 decentralized model. IPFS could very well be used alongside the current http protocol, or even take over as the standard for websites. The averages of the price forecast sites above for December 2024 place FIL at about $123.16.
While only four years away, the year 2025 has a very futuristic sound to it. By the end of the year, we are sure to see a vastly changed landscape for all of crypto. Many projects still in their infancy (or not even around yet) when this article was written will be much further along in their development, and we may even see the rise of new and improved technologies and protocols that overtake those we use today.
Most of the price forecast sites from above predict FIL could reach the $200+ range throughout the year, though the averages of the price for December 2025 place FIL at about $151.74. Closing Thoughts:
While primarily predicted to be bearish in the short-term, it’s generally agreed upon that FIL would make an excellent long-term play for those who don’t mind holding for the next few years.
With the Internet continuously growing in scope and scale, and with the world shifting toward a more decentralized Web, there will only be an increased demand for data storage solutions as time goes on, and Filecoin aims to be the number one provider for the future to come.
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