Filecoin (FIL) powers a decentralized storage network where users pay in FIL to store and retrieve data on a global peer‑to‑peer marketplace, incentivizing storage providers with rewards.
FIL currently trades around ~$1.26 USD with a market cap near $935 M, still far below its all‑time high above $237, reflecting long‑term drawdown but ongoing network activity.
Recent price action has been volatile and slightly bearish, partially due to exchange delisting impacts on liquidity and technical breakdowns below key support levels.
Development momentum is notable — upgrades like the Filecoin Virtual Machine (FVM) and decentralized cloud services broaden use cases beyond basic storage.
Traders and investors watch storage demand growth, tokenomics, and enterprise adoption as potential catalysts, though sentiment remains mixed.
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