Filecoin Price Reaches $3.57 (FIL)

Filecoin (FIL) traded down 7.6% against the dollar during the twenty-four hour period ending at 21:00 PM ET on October 1st. In the last week, Filecoin has traded 8.2% lower against the dollar. Filecoin has a market capitalization of $2.11 billion and $186.94 million worth of Filecoin was traded on exchanges in the last day. One Filecoin coin can now be bought for approximately $3.57 or 0.00005836 BTC on popular cryptocurrency exchanges.

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

• 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 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 up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 9.8% lower against the dollar and now trades at $0.0444 or 0.00000073 BTC.
• P2P Solutions foundation (P2PS) traded 5.8% lower against the dollar and now trades at $159.62 or 0.00260696 BTC.

About Filecoin

Filecoin’s genesis date was October 14th, 2020. Filecoin’s total supply is 1,959,942,331 coins and its circulating supply is 590,203,370 coins. The official message board for Filecoin is filecoin.io/blog. Filecoin’s official website is filecoin.io. 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.”

Buying and Selling Filecoin

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