$FIL , as a star project in the decentralized storage track, has attracted much attention since its inception. However, being a leader is not something that can be claimed without proof; it requires time to validate. Since entering a bear market in May 2021, the price of FIL has plummeted, and after 4 years, it is currently around 2.3 USD. This makes us ponder whether FIL is still worth holding in the future.
What changes and benefits has FIL made in recent years?
1. Technological innovation and mechanism advantages: Filecoin effectively verifies the integrity and persistence of stored data using proofs of spacetime (PoSt) and proofs of replication (PoRep).
2. Application implementation and market demand: Filecoin provides data storage services for numerous projects like Wikipedia and OpenStreetMap, meeting the needs for data security, privacy, and low-cost storage.
3. Capital support and community activity: Major players such as Sequoia Capital, Tencent, and IDG Capital have all made investments in Filecoin. Its community is also very active, with over 600,000 followers on Twitter and developers and miners actively participating in discussions on official Discord and Slack.
4. Favorable factors: Filecoin has expanded its Layer 2 ecosystem through Basin, Akave, and Storacha, improving scalability and providing technical support for more application scenarios.
Having not gone to zero, FIL, which has been dormant for 3 years, is now at the bottom. Often, when such coins explode, the potential is limitless! The above is just personal advice; if you want to discuss entry points, feel free to reach out to me.
