Filecoin (FIL) has experienced a significant increase in price, rising from 50U to over 230U in April. However, it is currently hovering around 70U, causing some hesitation among investors. Those who entered the market at a high price may be starting to panic and wonder if FIL can continue to rise. It is important not to get caught in these low moments.

The reason for FIL's decline is simple: the high price led to high mining costs, making it difficult for some people to stake and pay for gas. However, currently, staking and gas fees have decreased significantly. Therefore, I believe that an increase in FIL's price is imminent.

At the same time, it is important to understand the value of FIL. As the blockchain market continues to grow, there is an increasing number of competitors vying for the cryptocurrency market's attention. However, Filecoin has started conducting in-depth research on underlying technology and will continuously adjust based on its technological advantages, economic model, miner and market consensus, and strategic deployments.

For a long time, IPFS has been committed to promoting the development of the IPFS ecosystem and Web 3.0. With the widespread adoption of IPFS applications, it is expected to have better development. This sets FIL apart from Bitcoin (BTC) and Ethereum (ETH). FIL is the only currency with practical applications, while BTC and ETH are merely virtual currencies. Therefore, in my opinion, an increase in FIL's price is an inevitable trend.

So, is it still a good time to enter the market at this point? Absolutely, yes. Earlier, the issuing price was 20U, skyrocketing to over 230U and then slowly declining. This provided many non-miners with an opportunity. Many miners entered the market within the range of 100 to 200U. However, the market didn't progress as expected, and the lowest point dropped to 54U. This situation caused many investors to lose faith in FIL and shift their focus to BTC and ETH. Furthermore, governmental crackdowns on BTC and ETH led to a redirection of mining efforts towards FIL.

Yet, FIL has proven its strength overshadowing other mainstream currencies. Therefore, low prices are more suitable for preparation and positioning. FIL still has greater potential than other blockchain currencies, with greater appreciation potential than BTC and Ethereum. Objectively speaking, regardless of the current positions of BTC and Ethereum, they are essentially mining activities that consume energy. Even if their prices go higher, they lack practical application value and contribute to energy pollution. If they are not tackled, then who will be?

Filecoin mining, on the other hand, consumes data and operates similarly to regular servers. As Filecoin helps accelerate the construction of national large-scale data centers, it does not face the same risks as BTC mining in terms of governmental crackdowns.

Distributed storage, which Filecoin represents, is the future development trend of the Internet. If you truly recognize the potential and value of the future storage market, you will naturally not be too concerned about the short-term coin price. Additionally, FIL is a long-term investment product. Mining in the bear market and trading in the bull market are always the right strategies. Now that the cryptocurrency market has gone through a bull cycle, FIL's price is slowly recovering, making it a suitable time to enter the market. Witnesses are essential to success. So, are you a witness or a participant?

Currently, mining can be done with just a smartphone for Bitcoin, Ethereum, and FIL. No need to purchase mining machines, and the output is publicly transparent and daily. The operation is simple, with daily withdrawals. Mining FIL does not require staking or gas fees; just install the app.