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FIL

Filecoin (CRYPTO: $FIL) Looks Juicy Halfway Thru 2021! 🍒🍒🍒What Is Filecoin (FIL)? Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime. Who Are the Founders of Filecoin? Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University. After founding Protocol Labs in May 2014, he attended Y Combinator in the summer of 2014 with the intention of supporting both IPFS and Filecoin, as well as other projects. What Makes Filecoin Unique? Filecoin aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization, Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor. Decentralized storage systems like Filecoin allow people to be their own custodians of their data, as well as makes the web more accessible to people worldwide. Since participating in the Filecoin network by mining and storing is directly related to winning more block rewards, Filecoin incentives participants to act honestly and store as much data as possible
Long
by Bullishcharts
7
FIL / BTC still in the same uptrend it began in MarchWeird chart here, a bit unconventional - but... if you draw trend lines along the current 30 min chart pattern's top and bottom, and again along the 4H chart in the same two areas: - it connects back to pivot points along the uptrend from back in March. It looks like we should've continued by forming a parallel uptrend from there, but instead of this slow and steady uptrend forming within a channel; with the anticipation of strong continuation, it rose significantly above where we should've and has now corrected. So, now - we've corrected back down within the channel that should've formed to begin with. It is slowly beginning to tighten, and may yet get broken above again. Let's see what happens. At the least, I expect we touch the top two trend-lines again, and then continue to move within the channel... if we don't break above it fairly quickly after touching the top again.
Long
by dudebruhwhoa
3
FIL / BTC - Potentially Strong Gains vs BTCFilecoin may complete an inverted head/shoulders here, with TP 1 and 2 visible as dark grey lines near the top of the chart. Volume has just begun coming in on the weekly chart, and it's clearly shown up in a big way. It looks quite similar to Ethereum prior to its move against BTC (and its new ATH vs USD). Ethereum weekly chart made an inverted head and shoulders, it had a fake breakout and then fell back below the neckline before finally breaking out for the real run. Filecoin could've been drawn exactly the same way before it made its initial move to its all-time high. Keep an eye on this one, it may just be getting started, and the previous high may have just been a small preview of what's to come. The wick on the weekly candle chart from when it exited the initial HSi was insane, see below:
Long
by dudebruhwhoa
1
FILECOIN:PRICE ACTION ANALYSIS|IS THIS READY FOR LONG IMPULSE ?⭐Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime. Who Are the Founders of Filecoin? Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University. After founding Protocol Labs in May 2014, he attended Y Combinator in the summer of 2014 with the intention of supporting both IPFS and Filecoin, as well as other projects. What Makes Filecoin Unique? Filecoin aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization, Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor. Decentralized storage systems like Filecoin allow people to be their own custodians of their data, as well as makes the web more accessible to people worldwide. Since participating in the Filecoin network by mining and storing is directly related to winning more block rewards, Filecoin incentives participants to act honestly and store as much data as possible Related Pages: Check out CMC Alexandria’ deep dive into Filecoin. We’ve also prepared a list of the 5 things that decentralized storage aims to fix. See terms you don’t know? Check out our glossary on Alexandria. How Many Filecoin (FIL) Coins Are There in Circulation? Protocol Labs describes Filecoin’s tokenomics, or economic model, as a “market for data” where users can sell their storage space to other users, who are looking to rent. Five stakeholders will be able to trade tokens: developers, clients, miners, token holders and ecosystem partners. There will also be three Filecoin markets, according to Protocol Labs: file storage, file retrieval and on-exchange token trading. In fall 2020, 400 miners participated in what was called the “Space Race” testnet phase, increasing Filecoin’s network data capacity by over 325 pebibytes; approximately 3.5 million FIL tokens will be released to the Space Race participants. How Is the Filecoin Network Secured? Filecoin is secured through proof-of-replication and proof-of-spacetime. In the Filecoin network, nodes that are also known as retrieval miners are in competition to serve clients with data as quickly as they can. They are then rewarded with FIL fees, which encourages a network of nodes that want to replicate and preserve files. Storage miner nodes are constantly competing for contracts to provide storage to clients to a specific length of time. When a storage miner and their client agree on a deal, the storage miner holds the client’s data in a sector and “seals” it to create a unique copy of that sector’s data. Storage miners are rewarded with FIL by clients as deal fees, and these miners can also mine blocks and receive a block reward. Where Can You Buy Filecoin (FIL)? Ahead of the Filecoin mainnet launch, Gemini and Kraken have announced support for FIL. Huobi will list FIL after the mainnet goes live. For more information about buying crypto, see CoinMarketCap’s easy guide here. Our most recent articles about Filecoin: Filecoin Suffered a Short-Selling Attack, Application Tokens on Public & Non-Trading Chains Led the Market: TokenInsight Weekly Market Review What Is Web 3.0? A Deep Dive Into Tokenization CoinMarketCap's 2020 Round-Up: The Good, The Bad and The Bitcoin 5 Things That Decentralized Storage Aims to Fix
COINBASE:FILUSDLong
by FOREXN1
9
Filecoin (FIL) Looking for another Leg Up?Based on the charts it appears that the massive bull flag that Filecoin has been forming is ready for another move to the upside. Recently, we've seen file coin completely ignore the BTC movements and continue it's uptrend while BTC is indecisive or even retracing to the downside. I'm bullish on Filecoin short term and long term but remember, THIS IS NOT FINANCIAL ADVICE. Trade at our own risk. I'm putting some small amounts to see what happens, if it breaks to the upside I'll add a bit more to my position. Happy Trading and Good Luck!
GEMINI:FILUSD
by iHeartData
1
FIL to $106?Hope everyone survived this ugly dump last weeks, and the market will recover soon hopefully. Filecoin seems to be getting ready to break up this triangle 📐 and if successful I think there is chance for run to 106 and even higher. This setup on FIL , provides great RRR 9.5! ENTRY : local high @ 69.23 SL : local low @ 65.25 TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL) @ 106.80 RRR : 9.5 INVALIDATION : when SL level hit Like👍 & Enjoy📺!
Long
by bizmark
9