Filecoin (FIL) Trading Down 6% This Week

Filecoin (FIL) traded 5.6% higher against the U.S. dollar during the 24 hour period ending at 20:00 PM Eastern on November 5th. In the last week, Filecoin has traded 6% lower against the U.S. dollar. Filecoin has a market capitalization of $2.07 billion and $93.01 million worth of Filecoin was traded on exchanges in the last 24 hours. One Filecoin coin can now be bought for approximately $3.46 or 0.00004879 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed in 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 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.
• Hokkaidu Inu (HOKK) traded up 1.2% 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.
• SolvBTC (SOLVBTC) traded 4.2% higher against the dollar and now trades at $70,585.08 or 0.99507076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 3.6% against the dollar and now trades at $70,265.04 or 0.99055899 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Filecoin Coin Profile

Filecoin’s genesis date was October 14th, 2020. Filecoin’s total supply is 1,959,896,883 coins and its circulating supply is 596,816,839 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 possible to purchase alternative cryptocurrencies such as Filecoin directly using US dollars. Investors seeking to trade Filecoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Filecoin using one of the aforementioned exchanges.

FIL/USD price chart by TradingView