In the current crypto assets market, Bitcoin and Ethereum, as leaders, are at historical highs. However, not all crypto assets can share this glory. The performance of FIL (Filecoin) is concerning, currently hovering around $2.7.



Market analysis shows that the price trend of FIL is highly correlated with Bitcoin and Ethereum, but it appears to be in a more fragile state. If these two major crypto assets experience any decline, FIL may suffer a more severe blow, and its price could plummet rapidly.

What worries investors even more is that if the cryptocurrency market enters a bear market, the value of Bitcoin and Ethereum may be halved, while the decline of FIL may be even more severe. Some predictions suggest that in extreme cases, the price of FIL could even drop to around $0.2, which would be one-tenth of the current price.

Despite some market participants actively promoting FIL, an increasing number of investors are skeptical about it. They question whether this continued optimism towards FIL is based on solid market fundamentals or merely driven by the marketing needs of certain stakeholders.

In this market environment, investors need to stay alert and carefully assess the investment risks of various Crypto Assets. For tokens like FIL that are highly correlated with mainstream market trends but are showing weak performance, extra caution is required. At the same time, it is important to be wary of overly optimistic market predictions, adhere to rational analysis, and make informed investment decisions.
BTC-2.02%
ETH-5.22%
FIL-5.66%
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nft_widowvip
· 08-16 18:21
Once the Bear Market arrives, no one can escape.
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EyeOfTheTokenStormvip
· 08-16 16:56
Another finished Mining project? The fall signals are already full.
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RugpullTherapistvip
· 08-14 06:47
Is there still someone who believes in fil?
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LiTingshunvip
· 08-13 22:56
Steadfast HODL💎
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HackerWhoCaresvip
· 08-13 18:49
Don't say anymore, Short Position is the way to go.
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RektRecordervip
· 08-13 18:47
suckers never get jealous
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ZenZKPlayervip
· 08-13 18:41
Squatting for a fall below 2 dollars
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MidsommarWalletvip
· 08-13 18:37
I won't buy even if it falls to 0.2.
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HappyMinerUnclevip
· 08-13 18:32
Cut Loss and run fast is the winner!
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