Filecoin (FIL) Hits Market Cap of $2.04 Billion

Filecoin (FIL) traded down 1.4% against the U.S. dollar during the 1-day period ending at 16:00 PM E.T. on November 2nd. Filecoin has a market cap of $2.04 billion and $58.42 million worth of Filecoin was traded on exchanges in the last day. Over the last seven days, Filecoin has traded down 0.7% against the U.S. dollar. One Filecoin coin can currently be bought for approximately $3.42 or 0.00004926 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over 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 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 1.2% higher 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.
• SolvBTC (SOLVBTC) traded 0.2% higher against the dollar and now trades at $69,426.74 or 0.99873392 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 0.1% against the dollar and now trades at $69,375.30 or 0.99799394 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Filecoin

Filecoin launched on October 14th, 2020. Filecoin’s total supply is 1,959,899,143 coins and its circulating supply is 596,257,959 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.”

Filecoin Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Filecoin directly using US dollars. Investors seeking to trade Filecoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Filecoin using one of the exchanges listed above.

FIL/USD price chart by TradingView