Filecoin Trading Up 0.7% Over Last Week (FIL)

Filecoin (FIL) traded down 1.7% against the US dollar during the 1-day period ending at 16:00 PM Eastern on October 21st. During the last seven days, Filecoin has traded 0.7% higher against the US dollar. Filecoin has a market capitalization of $2.29 billion and approximately $113.07 million worth of Filecoin was traded on exchanges in the last day. One Filecoin coin can currently be bought for $3.86 or 0.00005702 BTC on major 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 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.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 17.9% against the dollar and now trades at $0.0944 or 0.00000140 BTC.
• P2P Solutions foundation (P2PS) traded 0.7% lower against the dollar and now trades at $173.49 or 0.00256030 BTC.

Filecoin Coin Profile

Filecoin was first traded on October 14th, 2020. Filecoin’s total supply is 1,959,906,409 coins and its circulating supply is 592,805,684 coins. The official website for Filecoin is filecoin.io. Filecoin’s official Twitter account is @filecoin and its Facebook page is accessible here. 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 purchase alternative cryptocurrencies such as Filecoin directly using US dollars. Investors seeking to acquire Filecoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. 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