To be honest, looking at FIL's current price, I feel a bit dazed.
When it was 238 dollars, how many people were shouting 'the stars and the sea'? And now? Less than 1 dollar. From 238 to 1, a drop of over 99%, this level of decline would be considered an 'epic disaster' in any market, right?
But strangely, I feel more grounded.
If we can't go back to 238, then let's first look at 23.8!
This is not me bragging; it is my basic respect for this project. FIL was able to reach 238 back in the day, not by chance, but because of its solid position as a leader in the storage sector. Now that the price has dropped like this, has the fundamentals changed? No. IPFS is still here, the ecosystem is still here, and the demand for storage is still growing. With a market value of 7 billion, to be honest, it's really not high for a sector leader.
I think this position can't be much worse than it is now.
At most, there might be a minor drop; a major collapse is basically impossible. Why? Because those who needed to run have already run, and those who needed to cut losses have already done so. Those who are still in the market are either true believers or are just playing dead. The selling pressure is almost exhausted.
With a market value of around 7 billion, I believe it should hold. This is not just a number, but a psychological barrier. Now it's about whether we can first break through the 10 billion mark. Once we surpass that psychological barrier, market attention will be drawn back.
The FIL project has been cultivated for so long, survived the bear market, and endured skepticism. Although the price is dismal now, it's true that the darkest hour is just before dawn, and this saying fits perfectly here.
Projects that have been cultivated over the long term will eventually see the light.
At the current price of 1 yuan for FIL, I can't say it's a golden opportunity, but at least, I think it's worth it.