With mining legalized in Russia, where will the price of Filecoin (FIL) go? Does this policy change herald the beginning of a new era of Filecoin mining?
As Russia has included mining in the legal category, the Filecoin network is expected to usher in a wave of miners who are eager to make a big splash in a land with clear regulations and low electricity costs. This will not only improve network computing power and security, but will also enhance investor confidence and drive the value of FIL up. At the same time, legalization may accelerate the popularity of Filecoin in Russia and surrounding areas, with a surge in market demand and continuous expansion of application scenarios, injecting strong momentum into the price of FIL. On the balance of supply and demand, computing power growth may lead to an increase in supply, but the rapid response of market demand will effectively balance this change, and may even cause the price of FIL to rise against the trend. The surge in investor sentiment has added a strong touch to this wave of good news, and the spring of FIL may have quietly arrived.