Filecoin Hits 24 Hour Trading Volume of $474.49 Million (FIL)

Filecoin (FIL) traded 7.7% higher against the US dollar during the 1-day period ending at 11:00 AM ET on March 29th. One Filecoin coin can currently be purchased for $9.88 or 0.00014254 BTC on cryptocurrency exchanges. Filecoin has a total market capitalization of $5.23 billion and $474.49 million worth of Filecoin was traded on exchanges in the last day. During the last week, Filecoin has traded up 13.5% against the US dollar.

Here’s how other cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded 0.3% lower against the dollar and now trades at $0.44 or 0.00000636 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 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 0.3% higher against the dollar and now trades at $0.0093 or 0.00000013 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 1,960,783,780 coins and its circulating supply is 529,262,396 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. 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 US dollars. Investors seeking to acquire Filecoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Filecoin using one of the aforementioned exchanges.

FIL/USD price chart by TradingView