FileCoin Profile

FIL
 Crypto
  

USD 4.38  0.03  0.69%   

Market Performance
0 of 100
Odds Of Distress
Less than 48
FileCoin is trading at 4.38 as of the 7th of December 2022, a 0.69 percent up since the beginning of the trading day. FileCoin has 48 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Cryptocurrency ratings for FileCoin are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of December 2020 and ending today, the 7th of December 2022. Click here to learn more.
FileCoin is peer-to-peer digital currency powered by the Blockchain technology. More on FileCoin
FileCoin is an online market maker for p-2-p internet money denominated as Cryptocurrency. FileCoin has been active in the last 3 months, and it is presently expressing a bullish sentiment. Cryptocurrencies such as FileCoin are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as FileCoin are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

FileCoin Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. FileCoin's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding FileCoin or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
FileCoin generated a negative expected return over the last 90 days
FileCoin has high historical volatility and very poor performance
FileCoin is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 18 exchanges in multiple currencies. Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (also called “Filecoin), which miners earn by providing storage to clients. Conversely, clients spend Filecoin hiring miners to store or distribute data. Filecoin miners compete to mine blocks with sizable rewards, but Filecoin mining power is proportional to active storage, which directly provides a useful service to clients.
Coin TypeFileCoin
IndustryInformation and Communication
FINMAUtility
FCAUtility
AccessPermissionless
Collateralized AssetNo
SymbolFIL
RatingE+
Technology Adoption RatingE+
Market Performance RatingD-
NameFIL
Sponsoredfalse
Block Reward19.4223110315952
White PaperView
Block Time30.51
Is Tradingtrue
Asset Launch Date2017-07-19
Full NameFileCoin (FIL)
Asset Website Urlhttps://filecoin.io/
Asset Token StatusFinished
Block Number2.4 Million
Platform Typeblockchain
Coin NameFileCoin
Total Coins Mined332.19 Million
FileCoin (FIL) is traded on CRYPTO Exchanges. FileCoin is peer-to-peer digital currency powered by the Blockchain technology.

FileCoin's Exchanges and Markets

EXX ZBG Coinbase Kraken Poloniex BitMart Binance Korbit DigiFinex Gemini LBank HitBTC Bitfinex ZB Kucoin Coinone Bibox CoinEx

FileCoin Target Price Odds Analysis

What are FileCoin's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of FileCoin jumping above the current price in 90 days from now is about 89.58%. The FileCoin probability density function shows the probability of FileCoin crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon FileCoin has a beta of -0.4175. This usually indicates as returns on benchmark increase, returns on holding FileCoin are expected to decrease at a much lower rate. During the bear market, however, FileCoin is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. FileCoin is significantly underperforming NYSE Composite.
  Odds Below 4.38HorizonTargetOdds Above 4.38
10.36%90 days
 4.38 
89.58%
Based on a normal probability distribution, the odds of FileCoin to move above the current price in 90 days from now is about 89.58 (This FileCoin probability density function shows the probability of FileCoin Crypto Coin to fall within a particular range of prices over 90 days) .

FileCoin Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. FileCoin market risk premium is the additional return an investor will receive from holding FileCoin long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in FileCoin. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although FileCoin's alpha and beta are two of the key measurements used to evaluate FileCoin's performance over the market, the standard measures of volatility play an important role as well.

FileCoin Technical Analysis

When it comes to investing in cryptocurrency, such as FileCoin, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of FileCoin, which is currently traded at 4.38, shows everything you need to know about FileCoin market value. You don't have to consider the fundamental factors that affect a crypto asset, such as FileCoin, to determine its price movements. However, the FileCoin's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so FileCoin's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project FileCoin's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. FileCoin Price Movement is a mathematical transformation function to describe exponentially increasing price patterns.
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FileCoin Against Markets

Picking the right benchmark for FileCoin crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in FileCoin crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for FileCoin is critical whether you are bullish or bearish towards FileCoin at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in FileCoin without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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Money Flow Index

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How to invest in FileCoin

You need to understand the risk of getting into digital currencies such as FIL before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in FileCoin in four ways:

Buy FIL through an exchange

Get yourself a crypto wallet before embarking on your FileCoin journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase FileCoin. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of FileCoin through an exchange

You don't have to buy a full token when starting out since FIL is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade FileCoin through a broker

If you don't want to store your FileCoin Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in FIL through an exchange-traded fund (ETF)

You can also invest in FIL through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having FileCoin in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Please check Investing Opportunities. You can also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Other Tools for FileCoin Crypto Coin

When running FileCoin price analysis, check to measure FileCoin's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy FileCoin is operating at the current time. Most of FileCoin's value examination focuses on studying past and present price actions to predict the probability of FileCoin's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move FileCoin's coin price. Additionally, you may evaluate how adding FileCoin to your portfolios can decrease your overall portfolio volatility.
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