Filecoin (FIL) Market Capitalization Achieves $2.56 Billion

Filecoin (FIL) traded up 2.6% against the dollar during the one day period ending at 15:00 PM E.T. on June 27th. One Filecoin coin can now be purchased for about $4.52 or 0.00007359 BTC on exchanges. In the last seven days, Filecoin has traded up 1.7% against the dollar. Filecoin has a total market capitalization of $2.56 billion and $103.73 million worth of Filecoin was traded on exchanges in the last day.

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

• KILT Protocol (KILT) traded 3.4% higher against the dollar and now trades at $0.21 or 0.00000349 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 down 2.2% 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.
• 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 0.4% against the dollar and now trades at $0.0112 or 0.00000018 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 launched on October 14th, 2020. Filecoin’s total supply is 1,960,166,522 coins and its circulating supply is 565,583,221 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 (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 buy alternative cryptocurrencies such as Filecoin directly using U.S. dollars. Investors seeking to trade Filecoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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