Filecoin appears to be at a major support level. This falling wedge pattern has been ongoing for 2 years now driving Filecoin down by around 93% in that period. This time, the whole crypto market is melting, which could cause it to break down from the wedge. However, the opposite is also possible and may be supported by the volume we're seeing. As the wedge completes, Filecoin will get squeezed and have to make a decision. Break up or down? If it breaks up, the upside could be 5-10x or more. It's really hard to even write that after watching this trainwreck of valuation happening.
For me, I have a hard time seeing how Filecoin can go much lower....We've probably all been thinking about that, but purely from a technology perspective.
There's 18.5 Exabytes of capacity on the filecoin network. Supposedly 36% of it is in use. Filecoin now has virtual machines in additional to storage.
My question is: what is the Filecoin technology worth? Companies like Google, Amazon, and Microsoft have spent hundreds of Billions developing these solutions and networks, yet Filecoin is worth around 700M as I write this (and tanking).
I'm sure if Filecoin changed its name to FileFart, the community would take notice and buy in /sarc
For me, I have a hard time seeing how Filecoin can go much lower....We've probably all been thinking about that, but purely from a technology perspective.
There's 18.5 Exabytes of capacity on the filecoin network. Supposedly 36% of it is in use. Filecoin now has virtual machines in additional to storage.
My question is: what is the Filecoin technology worth? Companies like Google, Amazon, and Microsoft have spent hundreds of Billions developing these solutions and networks, yet Filecoin is worth around 700M as I write this (and tanking).
I'm sure if Filecoin changed its name to FileFart, the community would take notice and buy in /sarc
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน