Filecoin Reaches Market Cap of $2.25 Billion (FIL)

Filecoin (FIL) traded down 0.5% against the U.S. dollar during the one day period ending at 11:00 AM Eastern on October 22nd. During the last seven days, Filecoin has traded 1.4% higher against the U.S. dollar. One Filecoin coin can now be purchased for approximately $3.80 or 0.00005626 BTC on major cryptocurrency exchanges. Filecoin has a total market capitalization of $2.25 billion and $104.34 million worth of Filecoin was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• 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 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.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 0% lower against the dollar and now trades at $0.0944 or 0.00000141 BTC.
• P2P Solutions foundation (P2PS) traded 1.1% lower against the dollar and now trades at $170.68 or 0.00252604 BTC.

Filecoin Coin Profile

Filecoin launched on October 14th, 2020. Filecoin’s total supply is 1,959,906,146 coins and its circulating supply is 592,874,070 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 (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 buy alternative cryptocurrencies such as Filecoin directly using US dollars. Investors seeking to acquire Filecoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Filecoin using one of the exchanges listed above.

FIL/USD price chart by TradingView