Filecoin (FIL) Trading Down 3% Over Last Week

Filecoin (FIL) traded up 8.4% against the dollar during the one day period ending at 13:00 PM Eastern on May 2nd. Filecoin has a market cap of $3.20 billion and approximately $188.74 million worth of Filecoin was traded on exchanges in the last 24 hours. One Filecoin coin can currently be bought for approximately $5.85 or 0.00009886 BTC on major cryptocurrency exchanges. In the last seven days, Filecoin has traded 3% lower against the dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded 8.7% higher against the dollar and now trades at $0.30 or 0.00000508 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 2.2% lower 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 1.2% higher 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 3.7% against the dollar and now trades at $0.0100 or 0.00000017 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Filecoin

Filecoin was first traded on October 14th, 2020. Filecoin’s total supply is 1,960,519,342 coins and its circulating supply is 546,711,767 coins. Filecoin’s official Twitter account is @filecoin and its Facebook page is accessible here. Filecoin’s official message board 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 presently possible to buy alternative cryptocurrencies such as Filecoin directly using U.S. dollars. Investors seeking to acquire Filecoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Filecoin using one of the exchanges listed above.

FIL/USD price chart by TradingView