Filecoin (FIL) Historical Price and Return Analysis: Should I Buy FIL Now?

Abstract

This article provides a comprehensive review of Filecoin’s historical price movements and market fluctuations since its inception, analyzing data from bull and bear market phases. It evaluates the potential returns for investors purchasing 10 FIL tokens and addresses the critical question: “Should I buy Filecoin now?” This analysis aims to help both newcomers and long-term investors identify optimal entry points and growth opportunities.

Early Market Genesis and Initial Market Cycle: Historical Price Review (2017 to 2021)

Filecoin, a token operating on the IPFS network, represents a novel approach to incentivizing miners through contributed storage capacity. According to market records, Filecoin’s early trading price was approximately $15.0 USD. The protocol utilizes a unique Proof-of-Work algorithm where miners with larger hard drive capacity receive proportionally greater FIL rewards.

The following represents Filecoin’s price performance during the early bull market phase:

2017

• Opening Price: $15.0
• Closing Price: $20.47
• Annual High: $24.6
• Annual Low: $10.14
• Annual Return: 36.47%

2018

• Opening Price: $26.42
• Closing Price: $3.72
• Annual High: $26.56
• Annual Low: $3.1
• Annual Return: -85.9%

2019

• Opening Price: $3.51
• Closing Price: $6.44
• Annual High: $10.04
• Annual Low: $3.51
• Annual Return: 83.31%

2020

• Opening Price: $6.71
• Closing Price: $21.41
• Annual High: $38.54
• Annual Low: $5.39
• Annual Return: 218.84%

2021

• Opening Price: $23.42
• Closing Price: $35.75
• Annual High: $182.86
• Annual Low: $22.24
• Annual Return: 52.65%

An investor who purchased 10 FIL tokens during the early bull market phase in 2017 would have experienced returns of -141.063% if liquidated today.

Bear Market Correction and Mid-Term Market Cycle: Risk and Volatility Analysis (2022 to 2023)

During this period, Filecoin experienced severe price depreciation, declining from its 2021 peak of $182.86 to significantly lower levels. The market entered a pronounced bear phase characterized by substantial losses across the cryptocurrency sector.

The following illustrates potential returns for investors who purchased 10 FIL tokens during various points in this bear market phase:

• 2022: -293.063%
• 2023: -25.534%

2022

• Opening Price: $30.2
• Closing Price: $3.11
• Annual High: $30.39
• Annual Low: $2.96
• Annual Return: -89.71%

2023

• Opening Price: $3.45
• Closing Price: $6.92
• Annual High: $8.46
• Annual Low: $3.11
• Annual Return: 100.66%

Recent Market Cycle: Should I Buy Filecoin Now? (2024 to 2026)

In recent years, Filecoin has continued to face downward pressure, with the asset trading significantly below its historical peak levels. The market remains in a prolonged contraction phase with minimal recovery momentum.

2024

• Opening Price: $5.62
• Closing Price: $5.91
• Annual High: $10.68
• Annual Low: $3.34
• Annual Return: 5.12%

2025

• Opening Price: $5.09
• Closing Price: $1.49
• Annual High: $5.09
• Annual Low: $1.28
• Annual Return: -70.63%

2026 (Year-to-date)

• Opening Price: $1.46
• Closing Price: $0.8937
• Annual High: $1.46
• Annual Low: $0.8937
• Annual Return: -38.7%

Investors who purchased 10 FIL tokens during this recent market period would face the following returns:

• 2024: -47.293%
• 2025: -41.933%
• 2026 (to date): -5.643%

Summary: Bull Markets, Bear Markets, and Investment Timing Analysis

Through comprehensive analysis of Filecoin’s historical price trajectory and potential returns spanning from 2017 to 2026, a persistent downward trend is evident. The asset has experienced dramatic volatility with two major bear market cycles following initial bull phases. Current price levels represent approximately 94% depreciation from the all-time high of $182.86 recorded in 2021. The prolonged bearish sentiment and continued price deterioration through 2026 suggest the asset remains in a challenging market environment, requiring careful consideration before capital deployment.