Filecoin (FIL) Achieves Market Capitalization of $1.83 Billion

Filecoin (FIL) traded 2.3% higher against the US dollar during the 1 day period ending at 8:00 AM E.T. on March 14th. One Filecoin coin can currently be purchased for about $2.84 or 0.00003416 BTC on cryptocurrency exchanges. Over the last seven days, Filecoin has traded down 10.3% against the US dollar. Filecoin has a market cap of $1.83 billion and $128.31 million worth of Filecoin was traded on exchanges in the last 24 hours.

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

• Taiko (TAIKO) traded down 4.1% against the dollar and now trades at $0.64 or 0.00000766 BTC.
• 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 2.2% lower 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.
• 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 0.2% higher against the dollar and now trades at $82,969.59 or 0.99702722 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.4% lower 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.

Filecoin Profile

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

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 possible to buy alternative cryptocurrencies such as Filecoin directly using US dollars. Investors seeking to trade 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 aforementioned exchanges.

FIL/USD price chart by TradingView