The recent state of FIL can be summed up in one sentence:
No matter how you stir things up, there's no emotion.
Not rising with the market,
Not falling with the market,
Even those who scold it have started to decrease.
This is not the market treating it well,
Instead — the market no longer expects it to tell a story.
1. The problem with FIL has never been 'useless'
You must first acknowledge one thing:
👉 FIL is truly getting the job done.
Decentralized storage
Long-term data storage
On-chain cold data
These demands have always existed,
and it won't disappear.
So the problem with FIL has never been 'is there demand',
Instead — this demand has long been digested by the market.
Two, why does FIL's price enter the 'low volatility zone'?
Because its narrative has already completed a full cycle:
Early stage: huge vision
Mid-term: landing execution
Later stage: functionality is accepted, but the imagination space shrinks
When a project reaches this stage,
The most typical performance of the price is only one:
👉 No longer providing premium.
The market has started to view it in a very realistic way:
What is the cost?
Where is the profit?
Are there any alternatives?
This is a dimensional reduction strike for the price.
Three, what is the most common outcome for old narrative coins?
It's not going to zero,
It's not a surge either.
But rather:
👉 Long-term horizontal + occasionally driven by emotions.
You will find:
FIL only reacts when the 'overall market warms up'
But never ignites itself
Also rarely becomes the main line
This is not a bad project,
This is the fate of mature projects.
Four, does FIL still have a chance?
Yes, but the prerequisites are very harsh.
FIL can truly be brought back to the center stage only in two situations:
1️⃣ Storage demand has a structural explosion
2️⃣ Storage is directly incorporated into a larger financial/settlement system
Before this,
It is more like a:
👉 It's a 'necessity' put into storage, not a commodity in a display cabinet.
Five, why do some funds prefer this type of coin?
Because this kind of coin has a characteristic:
👉 It does not rely on your emotions to survive.
Will not surge due to trending searches
It won't die out due to a cold scene
For certain positions,
This kind of 'boredom' is actually a form of safety.
Six, who is most likely to take FIL away?
Not those who chase hotspots,
But rather:
Likes to do cyclical allocations
Do not expect it to surprise you
Treat it as a 'functional asset'
This type of capital comes in,
Will not give you explosive gains,
It will only give you a stable presence.
Seven, my judgment on FIL
👉 FIL is not without hope, it's just that this round of play has already ended.
It will continue to exist,
Continues to operate,
It continues to be used.
But when it is truly repriced by the market next time,
It definitely does not rely on emotions,
Instead, it relies on a new round of changes in demand structure.
💬
You think FIL is this kind of 'old narrative coin',
It's time to give up completely,
Should it still be given some attention when it is ignored by everyone?
If the market goes to the second half, will you take another look at it? $FIL
