Filecoin Reaches Market Cap of $2.51 Billion (FIL)

Filecoin (FIL) traded 1.5% lower against the US dollar during the 24-hour period ending at 16:00 PM E.T. on June 28th. Filecoin has a total market capitalization of $2.51 billion and $104.58 million worth of Filecoin was traded on exchanges in the last day. During the last week, Filecoin has traded 0.4% higher against the US dollar. One Filecoin coin can currently be purchased for about $4.43 or 0.00007369 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded 2.7% lower against the dollar and now trades at $0.21 or 0.00000346 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 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 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 0.8% against the dollar and now trades at $0.0113 or 0.00000019 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Filecoin Coin Profile

Filecoin was first traded on October 14th, 2020. Filecoin’s total supply is 1,960,164,995 coins and its circulating supply is 565,860,034 coins. Filecoin’s official message board is filecoin.io/blog. Filecoin’s official Twitter account is @filecoin and its Facebook page is accessible here. The official website for Filecoin is filecoin.io.

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 currently possible to purchase alternative cryptocurrencies such as Filecoin directly using U.S. dollars. Investors seeking to trade Filecoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly 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