Filecoin (FIL) Trading Down 11% Over Last Week

Filecoin (FIL) traded 3.9% lower against the dollar during the twenty-four hour period ending at 8:00 AM ET on April 3rd. Filecoin has a total market capitalization of $1.73 billion and approximately $182.82 million worth of Filecoin was traded on exchanges in the last day. One Filecoin coin can currently be purchased for $2.68 or 0.00003223 BTC on popular cryptocurrency exchanges. In the last week, Filecoin has traded 11% lower against the dollar.

Here is how other cryptocurrencies have performed in 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 2.2% lower 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.
• SolvBTC (SOLVBTC) traded 2% lower against the dollar and now trades at $83,018.09 or 0.99846860 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 1.7% against the dollar and now trades at $82,826.03 or 0.99661307 BTC.
• Lumi Credits (LUMI) traded up 8.9% 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.

Filecoin Profile

Filecoin launched on October 14th, 2020. Filecoin’s total supply is 1,959,582,421 coins and its circulating supply is 647,135,072 coins. The official message board for Filecoin is filecoin.io/blog. Filecoin’s official website is filecoin.io. Filecoin’s official Twitter account is @filecoin and its Facebook page is accessible here.

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.”

Filecoin Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Filecoin directly using U.S. dollars. Investors seeking to acquire Filecoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini 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