$FIL $8.15 to now $9.333 🚀🔥

Current price: $8.1235 / Historical high: $237.24 / Historical low: $1.83Filecoin ⨎ What is ? It is a decentralized storage network that utilizes blockchain technology and cryptocurrency (FIL) to incentivize file storage and retrieval transactions between users and miners. Filecoin's goal is to create an open, competitive, reliable, self-healing storage market to provide infrastructure for Web3.0. Ranked 25th in market capitalization, the token number is $FIL . ◥◣◥◣◥◣◥◣◥◣◥◣◥◣◥◣◥◣◥❶ Founder Background In May 2014, Juan Benet founded Protocol Labs (https://protocol. ai/). In January 2015, IPFS was released to the world and Filecoin was established. He was born in Mexico and studied computer science at Stanford University in the United States. After graduating from undergraduate degree in 2010, he continued to study for graduate school at the school. The graduate student chose the direction of distributed computing and computer science. , and graduated as a graduate student in 2012. ‼ ️ Investment institutions include Sequoia Capital, DCG Group, A16 Capital, Stanford University, and internationally renowned investment institutions such as Y-Combinator, the top incubator in the United States🔥◥◣◥◣◥◣◥◣◥◣◥◣◥◣◥◣◥◣ ◥➌ The total supply of Token Economics is approximately 2 billion, but it will decrease with consumption. The function of the token is storage usage service fee and transaction fee (Gas Fee). Please see the chart below for detailed usage◥◣◥◣◥◣◥◣◥◣◥◣◥◣◥◣◥◣◥➍ Latest news📰 Storage market: Active storage transaction volume reached 1,800 PiB, storage utilization rate is 20%📰 Solana announced that it will cooperate with Filecoin partners to leverage the latter’s decentralized storage capabilities 📰 FVM, launched in March 2023, enables FIL lending (staking), providing 11% of the total collateral locked by the storage provider; TVL exceeds $200 million ◥ ◣◥◣◥◣◥◣◥◣◥◣◥◣◥◣◥◣◥➎ Ecology📌 Increase developers’ use of decentralized storage One of the reasons why people liked centralized storage providers in the past was that there were tools that allowed them Data storage becomes extremely simple.On the contrary, storing data on a decentralized network is difficult to manage and adds complexity to an already congested developer workflow - until the emergence of Web3.Storage and Filecoin, which can easily access data storage services on the network. 📌 Introduce large data sets Anyone (usually institutional customers) can easily upload large data sets to the Filecoin network 📌 Make it easier for everyday users to use Filecoin service permission control to support file sharing and collaboration. Uploads have built-in encryption so files can only be seen by the uploader and selected others. Also works as a search tool, allowing users to save and track everything they come across on the internet (such as links, images, and files) for easy future reference. 📌 Metaverse and games store and distribute massive game assets in a decentralized and secure manner. This not only enhances the user experience, but also ensures that these assets are stored indefinitely. 📌 Audio and video platform stores audio and video platform to provide services to its users. For example, audio/video files are stored somewhere before being streamed to users; while users on video conferencing platforms such as Zoom may wish to record their audio/video conferences and transcripts for future replay. . ◥◣◥◣◥◣◥◣◥◣◥◣◥◣◥◣◥◣◥➏ 2024 Outlook 2024 will be a critical growth year for Filecoin as the foundation laid in 2023 is about to bear fruit. Here’s the condensed version 👇🚀 Computing, AI, and the DePIN Network: Filecoin’s synergistic growth with physical resources and computing networks 🚀 Web2 Enterprise Data Storage: Led by enhanced offerings from teams like Banyan, Seal Storage, and Steeldome 🚀 DeFi’s continued growth: DEX , Oracle, CDP stimulated by on-chain service revenue ◥◣◥◣◥◣◥◣◥◣◥◣◥◣◥◣◥◣◥➐ Token Analysis 📚From a fundamental perspective, it has a big moat! As long as the Internet continues, regardless of Internet 2, 3 or 4, it will definitely be widely used. 📈 Technically, it has been in a bottom box for eight months and is in an uptrend. Once it breaks through the box, there will be a huge spring! You can refer to the recent $TLOS $JASMY and the leading $METIS! All of them are trends formed after a sharp decline. Once it breaks out, it will increase by at least 100%🤑◥◣◥◣◥◣◥◣◥◣◥◣◥ ◣◥◣◥◣◥ Summary, in 2024, $FIL networks will see wider adoption, especially in computing, artificial intelligence and#DePINnetworks and targeted enterprise verticals. This adoption generates on-chain service revenue and supports the growth of#DeFiactivity outside of the collateral market. Continuing improvements in the storage market, proof-of-hot storage and CDN network-driven retrieval, as well as the release of FVM and IPC will enable Filecoin-based teams to drive the next phase of growth. With the rise of widespread use of AI, cloud storage is the core key. Once the eight-month bottom breaks through the area, it will erupt like a volcano. All purely personal opinions and no trading recommendations!