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Why does fil only fall but not rise (does fil not rise)

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fil Why only fall but not rise

fil Why only fall but not rise Editor’s note: This article is from the IPFS Force Zone (ID: IPFS FORCE), authored by Tony, authorized by Planet Daily The founder of Filecoin had predicted a wave of market increases in the coming year before the main website was launched, but it was not until recently that it was gradually digested. Currently, it is still at a low point. Why is Fil only falling but not rising? The following will analyze the reasons why fil prices will decline and its impact on the mining population:

1. From the perspective of the mining population, the growth of the entire network’s computing power has reached about 158% between January 2 and the end of March this year, which is higher than the peak of 174% in June 2017 From the perspective of mining machine manufacturers, the market performance this year has also been relatively poor: according to data from Coin An, only 8 machines have been excavated for FIL since early May this year According to Fil’s price fluctuations, the sales volume of mining machines is the highest since 2018 4. Miners will choose to sell more mining machines at a relatively low cost to ensure profitability

5. From the perspective of the income of the Secondary market, most of this income is used to buy back Fil In order to help investors better understand the story and investment logic behind FileCoin, the FileCoin team has decided to pledge a portion of its assets on FileCoin As more and more people begin to participate in the construction of the Filecoin ecosystem, the Filecoin network will gradually develop and generate more value to promote the healthy development of the entire industry

Is Fil unable to rise

According to IMEOS, the Filecoin token FIL, which ranked 14th in market value, has seen its price rise from nearly $7 to around $2 in the past few days But now it’s still one step away from the highest point:

1. Is Fil going to start walking cattle?

? Still going down! This bull market is likely due to both the project side and the exchange selling a large amount of funds 2. Why not have enough money to purchase filecoin? Is it caused by some reason? Or has this project not been widely favored by investors yet? I don’t know, but I think this statement is problematic. If so, then we must consider its future development direction, right

3. Currently, Fil is still in a relatively early stage. It will first fall, then rise for a period of time, and then pull up again, so that it will rebound in the short term.

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