$FIL much!!
Give you five reasons, listen and judge for yourself.
**First, it has dropped significantly.** Four years of one-sided decline, more than ninety points dropped, everything that shouldn't have died is dead. Those still in the market are either dead bulls or pretending to be dead.
**Second, miners can't hold on any longer.** Hashrate has dropped by 40%, small miners have shut down and surrendered, the supply side is contracting. The signal that the cycle is at the bottom is this.
**Third, FVM has just started.** The story of storage + computing has just begun, and the growth rate is evident. The hardest part is going from zero to one; going from one to one hundred is just a matter of time.
**Fourth, AI needs storage.** Where do the data for large models go? Decentralized storage is a clear demand. Filecoin is the leader in the field, and when the wind blows, it will be the first to take off.
**Fifth, Grayscale is still in.** The FIL trust has not closed, indicating that institutions have not given up. Compliance risks are weakening, and funds will eventually flow back.
Stop loss below the previous low, losing a few points. The first target is the neckline, the second target is the previous high.
These five reasons, ponder them yourself.