Filecoin (FIL) Achieves Market Capitalization of $1.83 Billion

Filecoin (FIL) traded up 2.3% against the dollar during the one day period ending at 8:00 AM Eastern on March 14th. Filecoin has a total market cap of $1.83 billion and $128.31 million worth of Filecoin was traded on exchanges in the last day. Over the last week, Filecoin has traded down 10.3% against the dollar. One Filecoin coin can now be bought for about $2.84 or 0.00003416 BTC on cryptocurrency exchanges.

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

• Taiko (TAIKO) traded down 4.1% against the dollar and now trades at $0.64 or 0.00000766 BTC.
• 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 2.2% lower 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.
• SolvBTC (SOLVBTC) traded up 0.2% against the dollar and now trades at $82,969.59 or 0.99702722 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.4% against the dollar and now trades at $82,336.98 or 0.98942529 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Filecoin

Filecoin’s launch date was October 14th, 2020. Filecoin’s total supply is 1,959,608,392 coins and its circulating supply is 643,726,847 coins. Filecoin’s official message board is filecoin.io/blog. Filecoin’s official Twitter account is @filecoin and its Facebook page is accessible here. Filecoin’s official website is filecoin.io.

According to CryptoCompare, “Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (also called “Filecoin”), which miners earn by providing storage to clients. Conversely, clients spend Filecoin hiring miners to store or distribute data. Filecoin miners compete to mine blocks with sizable rewards, but Filecoin mining power is proportional to active storage, which directly provides a useful service to clients.”

Buying and Selling Filecoin

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Filecoin using one of the exchanges listed above.

FIL/USD price chart by TradingView