Analyst: Filecoin's revenue yesterday was only $4, which is severely disconnected from its fully diluted valuation of $17.16 billion.

FIL-0,27%

BlockBeats News, February 24 — Crypto analyst Ted Pillows posted on social media that "Filecoin generated only $4 in revenue yesterday, while its fully diluted valuation (FDV) is as high as $1.716 billion.

The FIL token has fallen 99.8% from its all-time high, meaning that if you had invested $10,000 at that time, it would now be worth only about $20."

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

XRP Clings to $1.41 Support as Traders Eye $1.46 Rebound Amid Descending Trendline Pressure

Even though there has recently been a break-down, XRP is still above one of the critical support levels implying that it might stabilize. Any upward movement of more than $1.46 would result in fresh buying pressure whereas frequent rejection would maintain price in a state of

CryptoNewsLand4m ago

Shiba Inu Stabilizes After Key Support Reclaim, Signaling a Potential Rally

Key Insights: Shiba Inu price shows early signs of stabilization after a key support level reclaim, signaling potential relief. Oversold conditions are easing, creating a favorable scenario for a short-term recovery rally in Shiba Inu. Holding above the value area low increases the

CryptoNewsLand55m ago

Pepe Coin Holds Firm Near $0.0543 Resistance Amid Tight 24H Trading Range

PEPE is trading narrowly around $0.0543, showing a 3.1% daily increase, with support at $0.0541 and resistance at $0.0543. The token demonstrates consistent short-term performance, gaining 2.7% against BTC and ETH, reflecting a balanced market structure.

CryptoNewsLand1h ago

Ethena Quietly Pivoted – Is ENA Now the “AWS of Stablecoins”?

Ethena (ENA) may have just changed its business model, and most of the market barely reacted. AI agent Aiixbt shared on X that the project has stepped away from directly competing in the stablecoin wars.  Instead of fighting for market share with USDe, Ethena is now offering white-label

CaptainAltcoin1h ago

QNT Price Stalls at $65 as 4H Momentum Cools and $60–$61 Liquidity Zone Draws Attention

QNT is trading at $65.28 which is a -1.2 percent decline in 24 hours but is clinging to the $65.10 support level. In the short run, there is an instant resistance at $66.71, which prevents upward short-term trades on the 4-hour chart. A Fair Value Gap of between $60-$61 is still a major l

CryptoNewsLand1h ago

IOTA Coils After Trendline Break as $0.07156 Resistance Caps 40% Expansion Setup

IOTA is trading at a price of $.06965, which is 2.4 percent higher than the price 24 hours ago and it is trading above a currently broken downward trendline. The short-term resistance is at $0.07156, and the support is strongly at $0.06769. Price continues to squeeze within a narrow

CryptoNewsLand1h ago
Comment
0/400
零壹丶vip
· 6h ago
Stupid thing
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)