Filecoin Market Cap Hits $3.25 Billion (FIL)

Filecoin (FIL) traded up 0% against the U.S. dollar during the 24-hour period ending at 0:00 AM Eastern on May 24th. In the last seven days, Filecoin has traded 1.6% lower against the U.S. dollar. Filecoin has a market cap of $3.25 billion and $177.70 million worth of Filecoin was traded on exchanges in the last day. One Filecoin coin can currently be bought for about $5.84 or 0.00008498 BTC on exchanges.

Here’s how other cryptocurrencies have performed in the last day:

• KILT Protocol (KILT) traded up 10.1% against the dollar and now trades at $0.29 or 0.00000427 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 0.5% against the dollar and now trades at $0.0098 or 0.00000014 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Filecoin Profile

Filecoin’s launch date was October 14th, 2020. Filecoin’s total supply is 1,960,472,185 coins and its circulating supply is 556,222,613 coins. The official message board for Filecoin is filecoin.io/blog. Filecoin’s official Twitter account is @filecoin and its Facebook page is accessible here. Filecoin’s official website is filecoin.io.

According to CryptoCompare, “FileCoin (FIL) is a decentralized storage network that allows users to store and retrieve data from storage providers around the world, incentivized by the native FIL cryptocurrency. The protocol is designed to make file storage and retrieval more secure, reliable, and cost-effective than traditional centralized storage systems, using Proof of Replication (PoRep) and Proof of Spacetime (PoSt) cryptographic proofs. Filecoin was created by Protocol Labs, founded in 2014, who are also the creators of IPFS and libp2p. Filecoin provides a secure, decentralized, and cost-effective alternative to traditional centralized storage systems.”

Filecoin Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Filecoin directly using U.S. dollars. Investors seeking to acquire Filecoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Filecoin using one of the aforementioned exchanges.

FIL/USD price chart by TradingView