Filecoin Price Prediction: Why FIL Price is Surging?

Filecoin Price Prediction: Why FIL Price is Surging?

The cryptocurrency market is presently consolidating after a grave retracement. Bitcoin and Ethereum prices dropped again, mostly due to profit-taking from an earlier rich uptrend. On the other hand, altcoins such as Filecoin (FIL) are seeing a price surge. In this article, we’ll talk more about Filecoin price prediction and why the FIL price is surging. 

What is Filecoin (FIL)?

Filecoin is a project that seeks to decentralize the data storehouse, making it publicly open The project is a B2B and B2C decentralized storage network whose purpose is to transform the public data storage market. Filecoin was developed by Protocol Labs, an open-source laboratory. The first whitepaper was issued in July 2014 by computer scientist Juan Benet.