Filecoin (FIL) is the native token of the Filecoin decentralized storage network, designed to incentivize participants to provide and retrieve data in a distributed system.
FIL trades around ~$0.90–$0.95 USD today, with a market cap over $700 million and strong daily trading volume, though still far below its 2021 peak (~$237).
The price has shown volatile swings recently, with rallies of 50–70% tied to data storage and DePIN narratives, but also significant pullbacks amid broader crypto market pressure.
Technical sentiment is mixed, with key support and resistance near psychological levels like $2.00–$3.00 still relevant after recent breakout attempts stalled.
Long‑term outlook depends on adoption of decentralized storage infrastructure, ecosystem growth, and broader market sentiment, with some models pricing FIL much higher if use‑cases expand.
@Filecoin $FIL #FILCOIN #fil