FILUSDT analysys...Filecoin is another ethereum
❇️What Is🌟 Filecoin 🌟?
Filecoin is a decentralized storage provider. Instead of trusting a centralized company and its servers, you can split and store your documents on different computers.
By allowing anyone in the world to join the network, you can create a huge resource of data storage space. The more computers connected to the network, the more demand will be needed to meet demand.
The lab was created by the Laboratory Protocol, under the direction of Juan Benet, a computer scientist and engineer.
do you know?
File Coin raised $ 257 million at its 2017 ICO.
👉What are the benefits of Filecoin?
They are:
📈Cost - By creating a larger free market for information storage, prices will become more competitive, which will naturally decrease.
📈 Size - Gathering millions of computers around the world together creates a large storage network.
📈Economy - FileQueen uses existing resources instead of building new storage computers.
📈- Security - While Dropbox and iCloud have been hacked, a decentralized network means there are no attack points and it is very difficult to manipulate.
do you know?
In 2012, Dropbox was hacked and 68 million of its users' passwords were revealed on the Internet.
👉What are the weaknesses of Filecoin?
Some of the issues are:
❌Speed - Instead of accessing a single server, the Quinn file should have access to multiple servers to gather documents if necessary. It depends on the online servers and the speed of the internet.
❌Lack of application product - a network that is currently operational and only temporary, but investors trust something they are not even able to test.
❌ By processing transactions using the cryptocurrency of filecoin, a big barrier has been created for users to enter because some users have to buy another coin and then turn it into a fileCoin token to use the service in exchange offices.
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❇️Quick Technical analysis
After consolidation recently in traingle
Fil now is trading at 0.618 fibo support
Break out is expected to happen soon from that traingle ...wait for breakout directional for better entery
If it break upward the profit is easy up to 40%+ in the short term.
in addition ,you maybe know we haven't sufficent data from long past of this coin ,but with strong fundamentals base of this coin,we can surely estimate huge growth of it's price in long prespective at the future for investors!
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.
Filecoin is a decentralized storage provider. Instead of trusting a centralized company and its servers, you can split and store your documents on different computers.
By allowing anyone in the world to join the network, you can create a huge resource of data storage space. The more computers connected to the network, the more demand will be needed to meet demand.
The lab was created by the Laboratory Protocol, under the direction of Juan Benet, a computer scientist and engineer.
do you know?
File Coin raised $ 257 million at its 2017 ICO.
👉What are the benefits of Filecoin?
They are:
📈Cost - By creating a larger free market for information storage, prices will become more competitive, which will naturally decrease.
📈 Size - Gathering millions of computers around the world together creates a large storage network.
📈Economy - FileQueen uses existing resources instead of building new storage computers.
📈- Security - While Dropbox and iCloud have been hacked, a decentralized network means there are no attack points and it is very difficult to manipulate.
do you know?
In 2012, Dropbox was hacked and 68 million of its users' passwords were revealed on the Internet.
👉What are the weaknesses of Filecoin?
Some of the issues are:
❌Speed - Instead of accessing a single server, the Quinn file should have access to multiple servers to gather documents if necessary. It depends on the online servers and the speed of the internet.
❌Lack of application product - a network that is currently operational and only temporary, but investors trust something they are not even able to test.
❌ By processing transactions using the cryptocurrency of filecoin, a big barrier has been created for users to enter because some users have to buy another coin and then turn it into a fileCoin token to use the service in exchange offices.
--------------------------------------------------------------------------------------
❇️Quick Technical analysis
After consolidation recently in traingle
Fil now is trading at 0.618 fibo support
Break out is expected to happen soon from that traingle ...wait for breakout directional for better entery
If it break upward the profit is easy up to 40%+ in the short term.
in addition ,you maybe know we haven't sufficent data from long past of this coin ,but with strong fundamentals base of this coin,we can surely estimate huge growth of it's price in long prespective at the future for investors!
-------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.
