Filecoin (FIL) Hits Market Cap of $2.13 Billion

Filecoin (FIL) traded 7.2% lower against the U.S. dollar during the 1-day period ending at 14:00 PM E.T. on October 1st. During the last seven days, Filecoin has traded 4.7% lower against the U.S. dollar. Filecoin has a total market capitalization of $2.13 billion and $180.76 million worth of Filecoin was traded on exchanges in the last 24 hours. One Filecoin coin can currently be bought for about $3.61 or 0.00005791 BTC on exchanges.

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

• 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.
• 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher 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.
• MVP Coin (MVP) traded 7.4% higher against the dollar and now trades at $0.0472 or 0.00000076 BTC.
• P2P Solutions foundation (P2PS) traded down 2.6% against the dollar and now trades at $162.81 or 0.00260930 BTC.

About Filecoin

Filecoin’s launch date was October 14th, 2020. Filecoin’s total supply is 1,959,943,037 coins and its circulating supply is 590,175,624 coins. The official message board for Filecoin is filecoin.io/blog. Filecoin’s official Twitter account is @filecoin and its Facebook page is accessible here. Filecoin’s official website 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 U.S. dollars. Investors seeking to acquire Filecoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. 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