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 volatility since its inception, combining data from bull and bear market phases to assess the potential returns for investors purchasing 10 FIL tokens. It addresses the critical question: “Should I buy Filecoin now?” to help both newcomers and long-term investors identify optimal entry points and growth opportunities.

Early Market Cycles and Price History: From 2017 to 2021

Filecoin is a token native to the IPFS network, designed to reward miners who contribute idle hard drive storage capacity. Operating on a novel proof-of-work algorithm, miners with larger storage capacity receive proportionally greater FIL rewards. According to available records, FIL’s early trading price started at approximately $15.00 in 2017.

The following details FIL’s price performance during the early market phases:

2017

  • Opening Price: $15.00
  • Closing Price: $20.47
  • Highest Price: $24.60
  • Lowest Price: $10.14
  • Annual Return: 36.47%

2018

  • Opening Price: $26.42
  • Closing Price: $3.72
  • Highest Price: $26.56
  • Lowest Price: $3.10
  • Annual Return: -85.90%

2019

  • Opening Price: $3.51
  • Closing Price: $6.44
  • Highest Price: $10.04
  • Lowest Price: $3.51
  • Annual Return: 83.31%

2020

  • Opening Price: $6.71
  • Closing Price: $21.41
  • Highest Price: $38.54
  • Lowest Price: $5.39
  • Annual Return: 218.84%

2021

  • Opening Price: $23.42
  • Closing Price: $35.75
  • Highest Price: $182.86
  • Lowest Price: $22.24
  • Annual Return: 52.65%

An investor who purchased 10 FIL tokens during the early bull market phase would face a cumulative loss of $224.39 if liquidating at current prices.

Bear Market Correction and Mid-Cycle Analysis: 2022 to 2024

During this period, FIL experienced severe price corrections and prolonged consolidation, reflecting broader cryptocurrency market headwinds and challenging macroeconomic conditions.

2022

  • Opening Price: $30.20
  • Closing Price: $3.11
  • Highest Price: $30.39
  • Lowest Price: $2.96
  • Annual Return: -89.71%

2023

  • Opening Price: $3.45
  • Closing Price: $6.92
  • Highest Price: $8.46
  • Lowest Price: $3.11
  • Annual Return: 100.66%

2024

  • Opening Price: $5.62
  • Closing Price: $5.91
  • Highest Price: $10.68
  • Lowest Price: $3.34
  • Annual Return: 5.12%

Potential returns for investors purchasing 10 FIL tokens during this period:

  • 2022: -$292.19
  • 2023: -$24.66
  • 2024: -$46.42

Recent Market Cycle: Should I Buy Filecoin Now? (2025 to 2026)

In recent years, FIL has entered a pronounced downtrend, with the token experiencing significant depreciation. Market sentiment remains cautious regarding FIL’s near-term recovery prospects.

2025

  • Opening Price: $5.09
  • Closing Price: $1.49
  • Highest Price: $5.09
  • Lowest Price: $1.28
  • Annual Return: -70.63%

2026 (To Date)

  • Opening Price: $1.46
  • Closing Price: $0.9812
  • Highest Price: $1.46
  • Lowest Price: $0.9288
  • Annual Return: -32.70%

Potential returns for investors purchasing 10 FIL tokens during this recent period:

  • 2025: -$41.06
  • 2026 (To Date): -$4.77

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

Through analysis of Filecoin’s historical price data and potential returns across multiple market cycles, the evidence reveals a pronounced long-term decline from its 2021 peak of $182.86 to current levels below $1.00. Investors who entered at various points have experienced substantial losses, indicating that despite the project’s technical innovation in decentralized storage solutions, market adoption and token economics have not supported price appreciation. The persistent downtrend from 2025 through 2026 suggests continued weakness. Current price levels reflect a challenging risk-reward environment for prospective buyers evaluating FIL at this juncture.

FIL-5.7%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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