Filecoin (FIL) Market Capitalization Tops $1.51 Billion

Filecoin (FIL) traded 11.5% lower against the U.S. dollar during the 24-hour period ending at 8:00 AM Eastern on April 7th. Over the last seven days, Filecoin has traded down 15.4% against the U.S. dollar. Filecoin has a total market cap of $1.51 billion and approximately $376.61 million worth of Filecoin was traded on exchanges in the last day. One Filecoin coin can now be purchased for about $2.33 or 0.00003011 BTC on cryptocurrency exchanges.

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

• 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 7.2% lower against the dollar and now trades at $76,806.68 or 0.99308795 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 7.5% lower against the dollar and now trades at $76,202.86 or 0.98528072 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Filecoin Coin Profile

Filecoin’s genesis date was October 14th, 2020. Filecoin’s total supply is 1,959,575,332 coins and its circulating supply is 647,302,636 coins. Filecoin’s official Twitter account is @filecoin and its Facebook page is accessible here. The official website for Filecoin is filecoin.io. Filecoin’s official message board is filecoin.io/blog.

According to CryptoCompare, “Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (also called “Filecoin”), which miners earn by providing storage to clients. Conversely, clients spend Filecoin hiring miners to store or distribute data. Filecoin miners compete to mine blocks with sizable rewards, but Filecoin mining power is proportional to active storage, which directly provides a useful service to clients.”

Filecoin Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Filecoin directly using US dollars. Investors seeking to acquire Filecoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. 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