Yi Tian said: FIL counterattacked Bitcoin and topped the list. How long can its glory last?

In recent days, the FIL currency has created a legend in the currency circle, surpassing the transaction volume of Bitcoin for several consecutive days, counterattacking Bitcoin and topping the list, so how long can its glory last?

First, let's take a look at the profile information of FIL:

Filecoin is a cryptocurrency-powered storage network with built-in economic incentives to ensure reliable storage of files over time. Miners earn Filecoin by providing open hard drive space to the network, while users spend Filecoin to store encrypted files in a decentralized network. Filecoin is the incentive layer on the IPFS distributed storage network. By generating the reward token FIL, people are encouraged to contribute storage resources, retrieval services, and bandwidth resources to the IPFS network to build a new data sharing network.

Token distribution: Investors 10%; Protocol Labs 15%; Filecoin Foundation 5%; Miners 70%;

In the distribution of the entire FIL currency, investment friends only occupy 10%, and most of them are held in the hands of miners. There are many ways to make a profit, and mining is indeed the most costly one; and the lowest cost way is capital appreciation through transactions!

At present, in the distribution of FIL, although investment friends only occupy a 10% share, this is only the beginning. As the value of FIL rises, more and more funds will flow into FIL, which will make investors occupy more and more FIL's share!

And encroaching on more and more FIL shares will cause the FIL market to be in short supply, which will further lead to the rise of FIL! At present, the daily transaction volume of FIL has surpassed Bitcoin, so how long will its glory last? Is it a flash in the pan and become an altcoin for harvesting leeks, or will it develop like Bitcoin and Ethereum and become a pillar of the currency market?

Yitian has always been very optimistic about the future development of FIL, and has always been optimistic about the development potential of FIL; the recent period must be the golden age of FIL, and I dare not say too much. The $600 will definitely arrive. In the future, FIL will at least I want to see 1800 US dollars;

Therefore, in the current currency market, gold is everywhere, but we just lack the vision to discover. As long as we have a unique vision, we can gain everywhere!

Next, let's take a look at the market trend of FIL:

Judging from the daily line, FIL is already three consecutive positives, and the daily increase is more than 15%, which has caused FIL to rise from 80 US dollars to 215 US dollars in just a few days. ; Judging from the 4-hour chart, FIL has repeatedly broken new highs today (the increase on the release day is not counted), and there is no pressure on the top. Every time it breaks new highs, it consolidates and repairs the 20-point decline, and then starts to pull up again; the support below FIL focuses on 204, 212 US dollars.

Investment is risky, and you need to be cautious when entering the market.

That’s all for today’s explanation, see you in the next article!