[Bold prediction] Filecoin price trend in May

The recent price trend will definitely cause great pain to those speculators who focus on short-term prices; but for long-term investors who are optimistic about the project, the impact will not be that big, especially since mining itself is a long accumulation process, so the impact on mining machine investors will be even smaller.

After April 15, the market liquidity will decrease by 160,000 coins per day, while the effective computing power of the entire network will continue to grow at a rate of about 35Pib, causing a deflationary situation in the FIL coin price, which provides a premise for the price increase of FIL coin.

At the same time, after the price of the currency fell, more and more miners participated, and more and more people divided the mines. Major miners seized the opportunity and began to vigorously increase computing power. The effective computing power of the entire network will further increase, but the average amount per individual will decrease accordingly, which will also cause FIL coins to become more scarce. This also laid the groundwork for the price increase of FIL coins.

The long-term value of FIL coin is beyond doubt, and the soaring price is also unquestionable. Will FIL usher in a strong market in May?

1. The first phase of linear release has ended and entered the second phase. The daily release volume has been reduced by 160,000 pieces, which has created a situation of supply exceeding demand in the market;

2. The growth rate of miners has far exceeded market expectations. Currently, there are 732,671 participating miner accounts and 2,124 active miners, which has created the scarcity of FIL coins;

3. The total network computing power reached 4.46EiB, and the network entered a period of steady and rapid development;

4. As the leader of the cryptocurrency market, Bitcoin’s production was halved last year. According to past rules, it will trigger a bull market in the cryptocurrency market in May of the following year.

5. Institutions continue to be optimistic about FIL, and Grayscale Fund continues to increase its holdings of FIL coins, which will trigger market investment enthusiasm;

6. The U.S. fiscal policy has been touched and the Federal Reserve has maintained its loose monetary policy, which will continue to put downward pressure on the U.S. dollar, which will boost digital currencies.

The above factors are enough to show that there is a high possibility of an explosion of FIL coin in May.