Now the Filecoin mainnet has been online for three months. Looking at the price performance of FIL, its price rose to a high of $300 on the night of its launch, but this high level only remained for a short period of time, and then quickly dropped to about $30. Today, the price of FIL remains in the range of 20-30 US dollars. Therefore, the currency circle has been ridiculing that "FIL is not a stable currency, it is better than a stable currency". V|jasonbody
Is FIL really a "stable coin"
Filecoin is special among all blockchain projects, because it has been based on the real economy from the date of establishment, rather than a simple blockchain concept. The birth of Filecoin can be said to be at the right time, because at the time when blockchain technology is widely popularized, people pay particular attention to the security of data. Especially after the epidemic last year, all online businesses have exploded sharply, and the amount of data is also Increasing day by day. Filecoin represents a brand-new storage and technology, which naturally attracts attention.
After the Filecoin mainnet went live, the officials also used the three major mechanisms of linear release, mining mortgage, and gas destruction to effectively ensure the smooth operation of the network ecosystem, making Filecoin a true value game for long-term investors and a hell for short-term speculators. This game is destined to live very hard in the early stage, but it will give you rich rewards later.
When Filecoin designed its economic model, it set the issuance of tokens at 2 billion, which is nearly 100 times that of Bitcoin. So it seems that although the individual FIL is not high, Filecoin still has a destruction mechanism. Many people may ignore this. Now the mainnet has only been online for three months, but the amount of destruction has reached 11.94 million. Therefore , the circulation of FIL on the market will become less and less to ensure the value of FIL.
Because most of it is used for gas destruction, the price will increase exponentially. Hypothesis: After 365 days, the computing power of the entire network reaches 7EB, and the price will exceed 50USDT with a high probability.
If you are interested in Filecoin, you can pay attention to the following time periods:
Around the Spring Festival in 2021, the price of the crypto market will pull back
According to past laws, there will be a callback around the Spring Festival, and other mainstream currencies will also be affected. However, since FIL was launched in October last year, it remains to be seen whether FIL can follow in the footsteps of the market. But this time is still worthy of attention and expectation.
In May 2021, sector pledge release reached a new high
The current pledge mechanism of the main network is set to 180-antenna release, so the linear release will reach a high point in May next year. By then, 100,000 will be released on the market every day. If Filecoin does not solve the commercial landing at this time, the price of FIL may be Will fall. There will definitely be miners taking this opportunity to join Filecoin mining. If there are a large number of miners entering, the price will rise again.
August 2021: Cumulative mortgage currency = Cumulative block reward + Cumulative investor release
According to the previous estimation of the growth rate of the main network's computing power, the accumulated pledge will reach 150-180 million while maintaining the current growth rate of the computing power. At this time, the entire network mortgage amount is just equal to the block reward and the cumulative release of investors, which will cause a serious shortage of FIL in the market, and the remaining FIL in the market is only the part of the sector that is released.
Therefore, once Filecoin is in short supply under the big market, it is likely to adjust the rules, increase circulation or slow down the growth rate in advance. However, the reshuffling process may lead to greater market volatility.
In October 2021, the miner market with the expiration of the packaging period sold off
Around October of this year, the early miners involved in mining will release the previously pledged FIL after the sector’s life cycle ends. Certainly some choose to leave the market and some choose to continue mining. This is a big deal. Turning point.
If you continue to participate, you still need to pledge coins, so its price will definitely be pulled up after a brief decline, so as long as the development of the Filecoin network continues, its future will continue to improve.
There may also be a situation that as the gas fee continues to rise, the amount of FIL burned will be too large, and a large amount of FIL will be held in the hands of large miners and early investors in the later stage. Those who choose to sell FIL in the early stage will be A wave of leeks was harvested.