Filecoin Reaches Market Capitalization of $2.93 Billion (FIL)

Filecoin (FIL) traded 8.5% lower against the US dollar during the 24 hour period ending at 7:00 AM Eastern on January 13th. One Filecoin coin can now be bought for approximately $4.71 or 0.00005184 BTC on cryptocurrency exchanges. In the last seven days, Filecoin has traded down 22.3% against the US dollar. Filecoin has a total market cap of $2.93 billion and approximately $222.82 million worth of Filecoin was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

  • 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 3.6% lower against the dollar and now trades at $90,698.06 or 0.99770428 BTC.
  • SolvBTC.BBN (SOLVBTC.BB) traded 3.7% lower against the dollar and now trades at $89,969.33 or 0.98968804 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 0.1% lower 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 1,959,689,197 coins and its circulating supply is 621,077,053 coins. Filecoin’s official Twitter account is @filecoin and its Facebook page is accessible here. The official message board for Filecoin is filecoin.io/blog. 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 U.S. dollars. Investors seeking to acquire Filecoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Filecoin using one of the aforementioned exchanges.

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