Filecoin Price Prediction 2022-2026-Will the Price of FIL Hit $23.98 by the end of 2022?

FIL is the native token of the Filecoin ecosystem. Filecoin is an open-source cloud storage marketplace, protocol, and incentive layer. Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor. What is Filecoin (FIL)? Filecoin was launched through an initial coin offering in 2017. 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, Now, we shall consider the price analysis of Filecoin (FIL) for the coming years. Flashback: Fundamental Analysis of Filecoin (FIL) According to the official blog of Filecoin, between January 1, 2021, and January 1, 2022, the network storage capacity of Filecoin moved from 1.69+ EiB to 14+ EiB. This represents a 728.4% increase within one year. This shows that more users are finding Filecoin efficient in the storage of data. This positive data might surge the price of FIL soon. We shall now consider what charts are showing about the price analysis of Filecoin (FIL). https://www.tradingview.com/x/MlHKmQ8S/ From the 1day chart above showing the Ema Ribbon indicator for FIL/USDT, we can deduce that the price of Filecoin might dip soon. This is because the Ema ribbon moving averages is within the recently formed candlesticks. https://www.tradingview.com/x/EkNtRe2x/ The chart above shows the balance o...