Filecoin (FIL) Reaches Market Capitalization of $2.29 Billion

Filecoin (FIL) traded 0% higher against the dollar during the 1 day period ending at 9:00 AM E.T. on October 21st. One Filecoin coin can currently be bought for $3.86 or 0.00005694 BTC on major exchanges. During the last week, Filecoin has traded 4.7% higher against the dollar. Filecoin has a total market cap of $2.29 billion and $131.10 million worth of Filecoin was traded on exchanges in the last day.

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

• 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 up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% 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 down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 17.8% against the dollar and now trades at $0.0944 or 0.00000139 BTC.
• P2P Solutions foundation (P2PS) traded up 1.1% against the dollar and now trades at $173.23 or 0.00255735 BTC.

About Filecoin

Filecoin was first traded on October 14th, 2020. Filecoin’s total supply is 1,959,906,708 coins and its circulating supply is 592,767,826 coins. Filecoin’s official Twitter account is @filecoin and its Facebook page is accessible here. Filecoin’s official website is filecoin.io. Filecoin’s official message board is filecoin.io/blog.

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 acquire Filecoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. 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