Filecoin (FIL) Trading Down 3.6% This Week

Filecoin (FIL) traded down 4.9% against the U.S. dollar during the 24 hour period ending at 7:00 AM E.T. on February 22nd. One Filecoin coin can currently be bought for $3.37 or 0.00003481 BTC on popular cryptocurrency exchanges. Filecoin has a market capitalization of $2.15 billion and approximately $197.78 million worth of Filecoin was traded on exchanges in the last day. During the last seven days, Filecoin has traded 3.6% lower against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Taiko (TAIKO) traded 4% lower against the dollar and now trades at $1.04 or 0.00001072 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 down 2.2% 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.
• SolvBTC (SOLVBTC) traded 2.2% lower against the dollar and now trades at $96,432.99 or 0.99697042 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2.3% lower against the dollar and now trades at $95,836.28 or 0.99080137 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Filecoin

Filecoin’s launch date was October 14th, 2020. Filecoin’s total supply is 1,959,624,952 coins and its circulating supply is 637,522,970 coins. Filecoin’s official message board is filecoin.io/blog. Filecoin’s official website is filecoin.io. Filecoin’s official Twitter account is @filecoin and its Facebook page is accessible here.

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 possible to buy alternative cryptocurrencies such as Filecoin directly using U.S. dollars. Investors seeking to acquire Filecoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Filecoin using one of the exchanges listed above.

FIL/USD price chart by TradingView