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#BZZ To be honest, the recent doubling trend of FIL is mostly due to large funds rebuilding positions. Now the key is to see which position the pullback can hold.
You might not believe it, but I used to criticize this coin too—dropping 99% from its peak, who wouldn’t curse? But after calming down and studying the fundamentals, in the storage sector, FIL's status in the community is indeed unchallenged. It was just that the previous market cap bubble was too exaggerated, it really wasn't worth that price.
The drop has actually brought out the value. However, I'm not in a hurry to get in; I need to wait for the market to stabilize first. If the overall environment warms up, I will seriously consider re-positioning in FIL—after all, there aren't many opportunities to give a reasonable valuation to a truly leading project.