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Filecoin's Long Arc: Asia's Storage Bid Meets a Sub-Dollar FIL HONG KONG — Filecoin is once again trading on the wrong side of a dollar, and that uncomfortable handle is forcing Asian capital allocators to ask the longer question: is FIL a decaying 2021 story, or the cheapest exposure to a decentralised data-storage tier that the region quietly keeps building on?
At print, FIL changes hands near $0.97, with a market capitalisation just shy of $762 million and roughly $88 million in twenty-four-hour turnover.
That is a long way down from the $237 all-time high set in April 2021, and only a few cents above the $0.83 trough printed in April.
For the funds in Causeway Bay and Marunouchi that were burned on the 2021 cycle, the chart still reads as a recovery in name only. The technical picture explains the hesitancy.
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