Filecoin (FIL), a leading cryptocurrency in the decentralized storage sector, is showing strong signs of recovery in November 2025. Although the price is still well below its previous cycle peak, market sentiment has clearly turned. Investors are now focusing more on projects with real-world applications.
What makes investors optimistic about FIL’s future? Here are some highlights.
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Demand for Filecoin trading surges in November
filecoin (FIL) is a decentralized blockchain project designed to create an open market for data storage. It enables users to rent or lease storage capacity globally, eliminating the need for centralized providers like Google Drive, Amazon S3, or Dropbox.
According to BeInCrypto data, the price of Filecoin has increased approximately 60% During the first week of November, with a 24-hour trading volume Exceeding $1.4 billion.
Historically, such high trade volumes have only occurred a few times in the past couple of years. Every time volume exceeds $1 billion, a strong price rise follows, as we saw in February 2024 and December 2024.
The return of $1 billion daily trading volume in November reflects rising market activity and renewed investor interest. Market sentiment has also changed dramatically.
Investors increasingly prefer projects with practical use cases that have survived multiple cycles. This trend explains the recent gains in altcoins such as Zcash (ZEC), dash (dash)and Internet computer (ICP).
“Look, Filecoin woke up after months of silence. It rose more than fifty percent in twenty-four hours Demin And AI storage narratives collide. For many years, people dismissed it as legacy infrastructure, but the truth is that AI needs massive, decentralized, and fast storage space. FIL was purpose-built before it was cool,” says investor Justin Wu He said.
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Grayscale’s Filecoin (FIL) holdings have reached a new high
More evidence of Filecoin’s growing recognition can be seen in Grayscale’s actions. Grayscale Investments – one of the world’s largest cryptocurrency funds – has been steadily accumulating FIL over the past two years. In November, its holdings reached an all-time high of more than 2.2 million tokens.
Interestingly, Grayscale continued to increase its FIL position even as the token price dropped from over $10 to under $2. For the fund, the decline appears to have been an opportunity to accumulate more of this altcoin.
the Filecoin grayscale box It is one of the first investment vehicles that allows investors to gain exposure to Filecoin (FIL) in the form of a security. It provides a way to participate in the performance of FIL without directly dealing with the challenges of purchasing, storing, or protecting the token.
Currently, Grayscale Filecoin Trust is trading at over $3 per share – higher than FIL’s spot market price. Meanwhile, the net asset value per share remains below the reliable market price, a situation that has persisted for years. This means that the fund’s shares are trading at a premium, which means that investors are willing to pay more than the actual value of the assets held by the fund.
Analysts suggests Institutional investors often accept such premiums because they believe the underlying asset is worth that price – or perhaps more.
Despite these positive signs, Galaxy Research Reports FIL remains one of the worst performing altcoins among the top 100, having fallen by as much as 99% from its peak. Therefore, the recovery journey may take time and is unlikely to happen overnight.
