Unexpectedly, Filecoin has been online for more than half a year since October 15. In March, the price of FIL rose from $20 when it was launched to more than $30 to more than $220, a nearly tenfold increase in a month. FIL jumped to the top of the list in daily transaction volume, with the bottom nine of the top 10 cryptocurrencies combined having less daily transaction volume than FIL. For a while, FIL was all over the currency world, and everyone was talking about FIL.

Unfortunately, April and May are not friendly to FIL. One is the long-term shock decline, consuming a lot of people’s energy. In addition, with the strengthening of national supervision of digital currency, the whole digital currency market suffered a failure, which directly led to a sharp decline in the price of digital currency.

At this point, many people are asking, is IPFS-Filecoin mining now or is it a bonus period?

If want me to answer, be in bonus period of course. IPFS-Filecoin is still in the development stage, and more and more large companies will join the IPFS-Filecoin industry chain. The current price of FIL is only the rock-bottom price in the future market.

  1. FileCoil is not only a virtual currency, its output system is IPFS distributed storage, and as the only IPFS token, it is irreplaceable. IPFS is a kind of application technology with wide application prospect which is urgently needed in today’s society. So, FIL currency has a strong technology behind it. Even if it falls, it may bounce back. In the long run, FIL currency is worth more than its current price.

On July 1, Filecoin will be updated. The upgrade will increase the storage and verification efficiency of the Filecoin network by a factor of 10-25, which means lower gas costs, fewer miners, higher production, and more people willing to enter the network, officials said. At the same time, after the new scheme goes online, the miner seals will be changed from 32G sector to 64G sector, which improves the sealing speed. The computing power of the entire network is growing faster with the existing hardware, which requires more warranty. Therefore, today’s knowledgeable miners take low prices to buy the bottom FIL, so FIL currency trend in the future for a period of time will rise significantly, I suggest you seize this opportunity.

  1. FIL mainline network since October 15 last year, has been more than 8 months. The effective computing power of the whole network has increased from about 20 P per day when it was launched at the very beginning to about 30 P in the earlier period, and has been kept at about 40 P recently. On the growth curve, it will accelerate, indicating that the number of FIL mining users is growing very rapidly. Judging from the data of blockchain browsers, more and more entrants can support the value of FIL coins in the long term.

4. Since the Filecoin network stores the data, strictly speaking, distributed storage tokens do not require much computation and do not consume a large amount of power. Users participating in IPFS storage can prepare hard disks to provide storage space, and FIL is where the items are stored. As a result, Filecoin will not be affected by state policies that are cracking down on BTC’s energy-intensive mining projects. As a result, the future of mining projects powered by low-energy, practical technologies will be the mainstream. Filecoin has arrived, and we must seize the opportunity.

5. With the accelerated development of IPFs-Filecoin, there are many projects around its ecological incubation, including end-user program development, infrastructure, development tools, NFT, DEFI, etc., distributed memory is developing towards the direction of security, privacy and low cost. Domestic and foreign well-known companies such as Google, Microsoft, Huawei, Ali, Tencent, etc., A distributed memory development trajectory associated with FIL currencies is being planned.

Prior to FIL’s launch, no cryptocurrency was able to surpass Bitcoin as the number one transaction volume within five months, but FIL did.

Until the launch of FIL, no cryptocurrency had broken into the top 10 by market capitalization within five months.

Before FIL was launched, no publicly traded cryptocurrency company entered the mining market, and after FIL was launched, one after another publicly traded company entered the mining market.

Overall, Filecoin is a very solid blockchain project with a high return on investment. Filecoin cannot be considered a pure mining project. It will take time for its ecology to land. The value of FIL only becomes apparent when the actual business data comes in. In order to better develop the project, Juan’s team developed various rules. Follow-ups, private messages, and comments participate in blockchain communication.