At approximately $0.69 per FIL and a circulating market capitalization of about $576 million, the token has room for a substantial recovery if Filecoin converts its large storage infrastructure into durable, paid demand. A reasonable medium-term base range is therefore approximately $3.60–$6.00, while a high-end, adoption-driven ceiling is closer to $24–$60. A return to the 2021 price near $237 is mathematically possible but would require a market capitalization far beyond Filecoin’s current fundamentals and above its previous peak valuation on a circulating-supply basis.