Although China now bans Bitcoin and Ethereum mining and trading. But the price of bitcoin remains out of reach for most people. The price of bitcoin determines its place in the monetary circle. Although it is the bellwether of the monetary circle, domestic policy is now fully clear, and the end of an era is bound to be replaced by something new. It looks like Bitcoin and Ethereum mining have been hit hard by the current situation, and the state is also pouring in support of IPFS distributed storage technology. Need I say more about the future value of Filecoin, which is currently the only incentive layer for IPFS?
Does Filecoin really exist? What I can say is this: Filecoin does have value, but that value comes with prerequisites. The ultimate value of Filecoin comes from its ability to provide users with valuable storage services.
From this perspective, Filecoin is only a small step forward. Filecoin is not yet mature enough for storage, retrieval, or ecological growth. From an app developer’s point of view, Filecoin is currently in a very difficult state to use, and will take at least two or three years to fully deploy. But this coincides with the miner’s cycle, which typically lasts more than three years, and avoids random manipulation by retail investors in the secondary trading market.
There’s a lot of talk about Filecoin’s future value. What’s it worth? Filecoin is an IPFS reward token. The primary function of token FIL is to serve as a storage and retrieval income, encouraging miners to better serve the entire market, enabling the entire IPFS ecosystem to flourish, and its price determines its usefulness.
The only thing missing now is time! Now that the price of FIL is low, the cost of GAS is almost zero. It must be the white-hot stage of miners entering the market! IPFS agreement laboratory also has repeatedly openly expressed FIL don’t like short-term speculation, because they do is distributed storage, is the trend of the development of Internet, the miners need to keep your hard drive steady state, rather than chasing down kill up chance disrupt the normal market, long term low sideways help IPFS the steady stability and low growth.
What is the future of Filecoin’s coin price? There are two main lines of future currency price trends. The first is the self-sufficiency of miners, when they start earning out of machine salvage. The second is when the participants of the first mine release their FIL coins.
There are two points that may support the currency price in the future. One is the entry of new miners and the other is the ecological landing. At present, the possibility of ecological landing in the short term is not great, nor is it perfect. Therefore, whether there will be new miners in the future will be an important factor for the stability of the currency price. Of course, the premise is a good market environment.
Although the currency price continues to move sideways, but the mining market is still in full swing. No matter how the price fluctuates, mining coins is always the most stable long-term return. As the ticket and fuel for the largest and most reliable storage market of the future, IPFS’s robust distributed storage network would not be possible without FIL’s driving force. IPFS just doesn’t have the opportunity to land an application. With the development of IPFS technology, IPFS will fly higher and farther and faster on the road of network application in the future.