Anyone familiar with cloud storage has heard of Amazon Web Services (AWS) or Cloudflare. Those are the leading cloud storage providers in the world. However, despite their popularity, comes with a few downsides as well--centralization being the main problem. When you store files with AWS or Cloudflare, you are putting your files in the hand of a single, centralized authority. That’s a lot of trusts to give to a big corporation and big corporations aren’t exactly moral role models lately. So what’s the other option?
Meet Filecoin. A decentralized storage system powered by blockchain technology. In Filecoin, the people are the custodians of their data, not a large company. Users can buy and sell data storage using the platform’s native token FIL, therefore incentivizing people to act truthfully and efficiently. Due to its use case, the FIL token price is growing. You can follow the FIL price chart right here on YouHodler.
YouHodler updates the FIL to USD price in real-time. Much like other cryptocurrencies, FIL is volatile. That’s why FIL price on YouHodler is aggregated from several different cryptocurrency exchanges in an attempt to provide the most accurate price possible. YouHodler combines Filecoin price rates from Binance, Kraken, Huobi, OKEx, and others.
The FIL to USD price is constantly changing. Hence, it’s essential to always make sure your portfolio is protected. Thankfully, YouHodler provides you with a full suite of tools to buy, sell, multiply or HODL your crypto. That way, your funds have an opportunity to grow no matter what the FIL to USD price is.
Want to know the current Filecoin price? Just scroll up to see our Filecoin Price chart. Choose from a variety of chart types (e.g. line, candlestick) and view FIL prices on multiple timelines. Never miss a market movement with YouHodler.
Check prices on YouHodler’s Filecoin wallet app and platform
To monitor Filecoin prices efficiently, we recommend downloading our app for iOS and Android compatible smartphones. This allows you to follow the latest FIL price anytime, anywhere.
The future is unpredictable. That goes for Filecoin as well. The project shows a lot of promise and if it can remain active, then the FIL price will certainly increase over time. How much FIL increases is unknown but what we do know is that it will continue to go up and down over the years. Bull and bear markets provide multiple opportunities for FIL traders. YouHodler can help.
Learning about Filecoin gives us a glimpse into the immense potential Filecoin has. Centralized cloud storage is a problem and Filecoin aims to fix it. A decentralized world is a hopeful one and if we can achieve independence from these centralized companies, the world will be better for it. Hence, Filecoin’s value is obvious but can it compete with the likes of Amazon or Google remains to be seen.
The Filecoin price is constantly changing however our interest rates are rock solid. Our FIL savings account has 3.5% APR + compounding interest. We have never changed this rate and prefer stability over the inconsistent rates found on DeFi protocols. We’re safer too!
Want to sell your FIL? Don’t even think about it. Use it as collateral for a crypto-backed loan today. There are many useful scenarios for a crypto-backed loan. Use it to hedge your portfolio in the event of a FIL price drop or simply use the growing value of your FIL price as collateral for instant cash.
Are you confident the Filecoin price will rise? If so, clone your FIL now with Turbocharge. Click here to learn more about Turbocharge.