Twitter KOL opinion | $FIL is a target worthy of attention in the counterfeit products bull market, with huge potential

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Vito2024/12/03 07:12

Trading view: As one of the core targets in the counterfeit products market, $FIL is expected to benefit from the upcoming bull market, especially in the expansion of decentralized storage, computing, and AI fields.

Reason:

From the monthly trend, $FIL has accumulated sufficient chips after a long period of bottom oscillation. Breaking through the March high point is expected to challenge $15. If it breaks through, it may open up greater upward space.

Historical Performance: $FIL was once the absolute king project in the market, with a maximum market value of over 500 billion US dollars, once surpassing Ethereum. The global market appeal and the support of traditional compliance funds provide a strong foundation for it.

Innovation and market leadership: $FIL has pioneered in the Depin track and is still the leading project in the track. It is impossible to avoid $FIL when hyping Depin in the future.

Institutional recognition: Canary release holdings show that $FIL is one of the most valued projects by institutional investors, with high global consensus.

Technological progress: In the past few years, $FIL has made significant efforts in infrastructure building, with frequent code updates and expanded application scenarios in data storage, computing, and AI fields.

Upgrade and ecological development: In Q1 next year, the $FIL main chain will undergo a version upgrade, with a performance improvement of 480 times and a significant reduction in gas fees. In addition, $FIL may support the meme ecosystem, further stimulating its influence in the ecosystem.

Miner selling pressure has decreased: Most miners have sold in the low price range. The current selling pressure of miners is small, and the market liquidity is strong. The circulating market value of $FIL is still attractive.

Fomo mechanism and capital inflow: $FIL's built-in node lock-up mechanism will attract a large amount of traditional funds to enter the market when prices rise, and staking mining will become an important way to attract funds.

If $FIL can stand firm at $20, it is expected to start a self-reinforcing upward cycle, similar to the previous bull market. $FIL once rose to $238, with a market value of over $500 billion, indicating huge growth potential.

Original link: https://x.com/Vito_168/status/1863796966842663124

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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