Filecoin Market Capitalization Tops $2.24 Billion (FIL)

Filecoin (FIL) traded up 1.6% against the US dollar during the 24 hour period ending at 17:00 PM ET on October 30th. One Filecoin coin can now be purchased for $3.76 or 0.00005187 BTC on major exchanges. Filecoin has a total market cap of $2.24 billion and approximately $100.40 million worth of Filecoin was traded on exchanges in the last 24 hours. Over the last week, Filecoin has traded up 2.4% against the US dollar.

Here is how similar 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 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 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 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded up 0.5% against the dollar and now trades at $72,475.59 or 0.99999600 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.7% higher against the dollar and now trades at $72,403.80 or 0.99900540 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Filecoin

Filecoin was first traded on October 14th, 2020. Filecoin’s total supply is 1,959,900,181 coins and its circulating supply is 595,143,043 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 presently possible to buy alternative cryptocurrencies such as Filecoin directly using US dollars. Investors seeking to trade Filecoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, 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