There are always surprises in the general rising market. Data shows that the number of active Filecoin nodes has declined compared to May, but network-wide computing power has been steadily increasing, and prices have risen from $40 in July to a high of $120 in August. In fact, all of this is not without warning, as data shows that funding rates spiked between August 10 and August 17, reaching an average of positive 0.08%. This figure translates into 1.7% per week, indicating increased leveraged long activity, and all signs point to a push above $100 for FIL.

Of course, this price didn't last long, and it took just under two days for FIL to drop straight down to $85.72, a 24-hour drop of about 13.08%. Although the market has some decline, however, many professionals are still optimistic about Fil's development prospects. Some industry analysts say that by the end of this year, the FIL price could reach 500 U. How will FIL move forward, and will it reach 500 U. Is it appropriate to enter the mining market now? This depends on whether the project has a lot of upsides.

Filecoin is an incentive mechanism in the Internet's underlying transport protocol IPFS, which many believe will replace the HTTP protocol in the future. In an IPFS network, there are many storage hard drives that make up the data nodes, and these nodes are connected to each other to form a distributed mesh file storage and transfer system. Whenever data is stored on a node's hard drive, it is rewarded in some way, and that reward is Filecoin or Fil.

Filecoin is a very special crypto project and a cryptocurrency with real-world applications, and there are more and more projects that are working with IPFS: TikTok, the international version of Jitterbit, is starting to use IPFS distributed storage, Dapper Labs and Filecoin are working together to spearhead the end-to-end ownership of NFT, FIL and the Ethernet head ecosystem Polygon partners to build Textile storage bridge ...... As more IPFS users come on board, the greater the demand for Filecoin, which will also drive FIL prices further up. Likewise, the more miners Filecoin has, the stronger the support for the IPFS network.

In addition, according to the official FIL release model, Filecoin will usher in another round of production reduction on October 15, 2021, when the SAFT one-year period of all linear release ends, and the daily flow of FIL to the market will shrink by 87,183 pieces compared to the past after the expiration of FIL12 on October 15, that is, the daily FIL circulation is expected to decrease by 29,057 pieces per day, and the daily FIL release volume will be reduced by 23.8% compared to the current stage. As the daily pledge and destruction volume continues to expand, the actual circulation of FIL will become smaller and smaller, which is undoubtedly good for the market and the future coin price of FIL is very optimistic.

The company's main business is to provide a wide range of products and services to the market, such as the IPFS 1080-day upgrade product, the price remains the same, but you can enjoy a longer lease period and get more Fil.

Fil's price can reach 500U? No one dares to put a conclusion, but the opportunity will only be left to those who are prepared. As early as before the Fil surge, "FIL will push up to $100 information" has been reported above, and only those who have seized this information are in the process of making a big profit pen. The main thing is that the current cost of participating in IPFS mining on the RHY platform is really low and the benefits are high, no pledge, 0 GAS fee, full storage of arithmetic power, and you can dig when you place an order.

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