Filecoin storage utilization rate a paltry 7%, FIL bulls are giving up, $ROE looks promising

The recent sluggish performance of Filecoin (FIL) has caught the attention of many investors. Despite promising technological advancements, Filecoin’s storage utilization rate stands at a meager 7%, raising questions about the network’s viability. 

This discouraging trend is causing bullish FIL investors to reconsider their stakes and explore other promising opportunities – one of them being Borroe’s ($ROE) token.

$ROE looks promising – Here’s why

In contrast to the wavering faith in FIL, the $ROE token, backed by the innovative Borroe platform, is catching the eyes of crypto investors. There are numerous reasons why $ROE is emerging as a more favorable option.

For one, Borroe offers a unique platform that blends the world of decentralized finance (DeFi) and non-fungible tokens (NFTs). It provides an avenue for businesses to tokenize their future income and get instant access to funding, while investors get the opportunity to earn profits by investing in these digital assets. This unique business model creates a lucrative ecosystem that’s already showing a lot of potential.

The platform is revolutionizing the Web3 industry by providing unique access to funding for innovative Web3 businesses. Funding is more affordable and quicker than traditional means, but for many such businesses, such as content creators or social media influencers, access to traditional capital is nearly impossible. 

At the same time, buyers on the platform fund these loan NFTs to support their favorite brands. The buyers receive, in exchange, a portion of the businesses’ future income as gains, and the entire loan is returned at a predetermined date. 

Borroe’s NFT marketplace provides lower-risk, high-return investment opportunities for investors while providing access to capital to businesses without impacting their ownership and control.  

Furthermore, Borroe has received stellar ratings from renowned blockchain auditing firms, solidifying its position as a trustworthy and reliable platform. Such endorsements significantly boost investor confidence in an industry where security is paramount.

With Filecoin’s underperformance and Borroe’s promising prospects, it’s no surprise that investors are shifting their interest towards $ROE. Offering a blend of security, transparency, and lucrative investment opportunities, $ROE stands as a beacon of potential in the ever-volatile crypto landscape.

Join $ROE Presale Now 

Filecoin storage utilization surpasses a paltry 7%

In the world of decentralized storage, Filecoin’s underutilization paints a worrying picture. According to a recent report by Messari, despite boasting a hefty 12.2 exbibytes of raw storage capacity, the network only averages a disappointing 954.2 pebibytes worth of storage deals, constituting a paltry 7% utilization rate. 

The low amount of uptake is partly due to higher storage costs compared to centralized alternatives, such as Amazon Web Services.

Moreover, the platform’s recent revenue performance leaves much to be desired. In the past quarter, the protocol generated just 2.5 million Filecoin, equating to a revenue of $11.5 million. This reflects a staggering 40.7% year-on-year decline, further exacerbated by the bearish cryptocurrency market of 2022, which hit the FIL token’s price hard.

Despite efforts to counter this trend, the overall scenario remains lackluster, especially due to near-zero fee storage offered by many other providers to drive adoption. The lack of significant utilization and revenue decline are serious concerns, pushing many FIL bulls to reconsider their stakes.

Bottom line

In an industry as dynamic as cryptocurrencies, investor sentiment can quickly shift from one token to another. The underwhelming performance of Filecoin has led many to look for more promising options, like Borroe’s ($ROE). With its unique blend of DeFi and NFTs, robust security, high transparency, and strong community engagement, Borroe represents a compelling alternative.

If you, too, are looking for an opportunity with strong potential, consider joining the $ROE presale today. It’s an exciting opportunity to be a part of a pioneering platform that aims to revolutionize the DeFi and NFT sectors.

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Mark Peterson

Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.

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