Filecoin (FIL) Faces Uncertain Future Amid Market Shifts to Real-World Assets

Filecoin Overview: Decentralized storage network offering an alternative to conventional cloud services.

Blockchain Utilization: Ensures data is saved across various nodes, reducing the risk of data breaches.

System Reliability: Decreases dependency on single storage devices, preventing malfunctions and breakdowns.

Past Popularity: Seen as a good investment during prior bull markets.

Current Trading Price: Filecoin is trading around $5.8.

Historical High: Achieved an all-time high of $237.

Recent Performance: Price increased by over 200% in the past year.

All-Time Low: Hit a low of $1.83.

Market Trends: Shift towards real-world assets (RWA) and exchange-traded funds.

Uncertain Future: Unclear if Filecoin can repeat past price surges.