"The market price of the integral reward"? What is that supposed to mean? Filecoin is just a medium of exchange for people buying and selling storage services. Filecoin does not offer anything specific and its platform has to compete with plenty of mature, efficient alternatives.

> the value of the coin is driven by the interest in the tech it provides.

What "tech" does it provide? Not IPFS, for sure, that already was under development and could have come to fruition as a regular open source project. A decentralized market for storage, "proof-of-spacetime"? These might be interesting. But again, if we want to fund these things there are surely better/cheaper ways to do it. $250 million is a lot of money for the tech that was developed so far.

More importantly: there is nothing about the "tech" that requires $FIL to make it work. The market dynamics will be the same whether they used FIL, DAI, ETH, wrapped BTC or even a dollar-pegged token they decided to issue. People are not going to pay more or less for their storage because the price of the token went up or down.

> Currently at $22, not bad for a random coin.

These are the kind of statements that almost make me side with the buttcoiners. At this point, with all the speculation, market manipulation and naive FOMO "investing", there is no useful information to be had from the price of the token.