The price of FIL has dropped, which is in line with official expectations and Filecoin design goals. It must be said that this stability has a lot to do with the pledge mechanism of Filecoin, forming an adjustment closed loop. Generally speaking, miners generally need to increase their computing power, but the increased computing power needs to be pledged. At present, the main source of pledged coins is to buy them in the secondary market.

Therefore, there will be: the price of currency decreases → the cost of computing power growth is low → buying more computing power for growth → the price of currency increases;

Currency price rises → the cost of computing power growth is high → computing power growth is prolonged, demand decreases → currency price falls.