Filecoin surged over 61% in the last 24 hours, fueled by strong DePIN and AI storage narratives driving market demand.
An analyst sees potential for Filecoin to extend its rally toward the $5 level if momentum is sustained.

The recent surge in the price of Filecoin (FIL) has captured the attention of many investors. In the past 24 hours, this decentralized storage token has seen a 61.86% increase, breaking through the $2.17 level, according to CoinMarketCap data.

This sharp increase occurred amid positive momentum in the Decentralized Physical Infrastructure Network (DePIN) sector and the increasing use of artificial intelligence (AI)-based data storage on the Filecoin network.

While most major assets, such as Bitcoin and Ethereum, are experiencing pressure due to outflows from ETFs, FIL has surged and become one of the best-performing assets in the crypto market.

This increase not only reflects positive sentiment but also signals a shift in investor focus toward digital infrastructure projects. Many see Filecoin as a key player in supporting Web3 architecture and secure AI data storage.

Rising Momentum Hints at a Strong Breakout for FIL

According to analysis from CryptoBull, FIL is currently within a descending channel pattern, which has served as a key consolidation area for the past few weeks.

If a breakout does occur, the analyst predicts the token could surge to $5 in a relatively short time. This technical pattern is often considered an early sign of a strong move after selling pressure subsides.

Source: CryptoBull on X

However, investors are also cautioned against the extreme volatility that typically accompanies such sharp increases. On the other hand, soaring transaction volumes and increased demand from the DePIN project suggest that FIL’s surge is not entirely driven by speculation.

Many storage service providers are now integrating Filecoin-based systems for AI-related data needs, increasing the natural demand for the token.

Filecoin Strengthens Its Role in DeFi and Privacy Tech

On the other hand, Filecoin is also expanding its reach through new technological collaborations. Last July, the project introduced Quick Sync, a temporary file sharing and login-free chat service that runs entirely on the Filecoin network.

The service allows users to store encrypted data anonymously and automatically deletes it after one hour, ensuring maximum privacy protection. This move further strengthens Filecoin’s image as a modern storage solution that prioritizes security and efficiency.

Furthermore, CNF previously reported that USDFC adoption on the Filecoin network continues to increase. This stablecoin is now used by storage providers as a means of payment and transaction settlement within the ecosystem.

DeFi users are also increasingly utilizing USDFC to obtain liquidity and yield opportunities on platforms connected to Filecoin. This increased activity reflects that Filecoin is not just a data storage project, but has evolved into a complete financial ecosystem.

The rise of this ecosystem appears to be starting to impact the price. With the combination of growing real-world usage and the current DePIN narrative, the market appears to be reassessing FIL’s long-term potential.

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Filed under: Bitcoin - @ November 7, 2025 7:26 am