Filecoin Market Cap Reaches $2.72 Billion (FIL)

Filecoin (FIL) traded 21.9% lower against the dollar during the one day period ending at 7:00 AM Eastern on December 20th. Over the last seven days, Filecoin has traded 34% lower against the dollar. Filecoin has a total market cap of $2.72 billion and $1.10 billion worth of Filecoin was traded on exchanges in the last 24 hours. One Filecoin coin can now be purchased for about $4.44 or 0.00004773 BTC on popular exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 up 1.2% 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.BBN (SOLVBTC.BB) traded 7.3% lower against the dollar and now trades at $94,422.78 or 1.01559575 BTC.
• SolvBTC (SOLVBTC) traded 8.9% lower against the dollar and now trades at $92,916.05 or 0.99938963 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.

About Filecoin

Filecoin’s launch date was October 14th, 2020. Filecoin’s total supply is 1,959,729,291 coins and its circulating supply is 613,254,379 coins. The official website for Filecoin is filecoin.io. Filecoin’s official message board is filecoin.io/blog. 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.”

Buying and Selling Filecoin

It is usually not currently 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 Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Filecoin using one of the aforementioned exchanges.

FIL/USD price chart by TradingView