Filecoin (FIL) Achieves Market Capitalization of $1.98 Billion

Filecoin (FIL) traded up 1.5% against the U.S. dollar during the 1 day period ending at 0:00 AM E.T. on September 5th. Filecoin has a total market cap of $1.98 billion and $69.40 million worth of Filecoin was traded on exchanges in the last day. During the last week, Filecoin has traded 7% lower against the U.S. dollar. One Filecoin coin can currently be purchased for about $3.39 or 0.00005991 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during 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 down 2.2% 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.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 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 up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 3.2% against the dollar and now trades at $0.0518 or 0.00000092 BTC.
• P2P Solutions foundation (P2PS) traded 2% higher against the dollar and now trades at $154.60 or 0.00272880 BTC.

About Filecoin

Filecoin launched on October 14th, 2020. Filecoin’s total supply is 1,959,985,801 coins and its circulating supply is 583,922,458 coins. Filecoin’s official Twitter account is @filecoin and its Facebook page is accessible here. Filecoin’s official website is filecoin.io. Filecoin’s official message board is filecoin.io/blog.

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.”

Buying and Selling Filecoin

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

FIL/USD price chart by TradingView