Filecoin (FIL) Market Cap Reaches $3.24 Billion

Filecoin (FIL) traded up 3.2% against the dollar during the 1 day period ending at 14:00 PM E.T. on May 24th. In the last week, Filecoin has traded down 0.8% against the dollar. One Filecoin coin can currently be bought for approximately $5.83 or 0.00008434 BTC on popular cryptocurrency exchanges. Filecoin has a total market cap of $3.24 billion and $256.85 million worth of Filecoin was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• KILT Protocol (KILT) traded up 0.6% against the dollar and now trades at $0.27 or 0.00000394 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 0.4% lower against the dollar and now trades at $0.0099 or 0.00000014 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Filecoin

Filecoin launched on October 14th, 2020. Filecoin’s total supply is 1,960,472,847 coins and its circulating supply is 555,883,006 coins. The official website for Filecoin is filecoin.io. The official message board for Filecoin is filecoin.io/blog. Filecoin’s official Twitter account is @filecoin and its Facebook page is accessible here.

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.”

Filecoin Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Filecoin directly using US dollars. Investors seeking to acquire Filecoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini 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