Filecoin 24-Hour Volume Reaches $93.01 Million (FIL)

Filecoin (FIL) traded 5.6% higher against the dollar during the twenty-four hour period ending at 20:00 PM E.T. on November 5th. Over the last seven days, Filecoin has traded 6% lower against the dollar. One Filecoin coin can now be purchased for about $3.46 or 0.00004879 BTC on popular exchanges. 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.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• 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 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.
• 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 3.6% higher against the dollar and now trades at $70,265.04 or 0.99055899 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Filecoin 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 website for Filecoin is filecoin.io. Filecoin’s official message board 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.”

Buying and Selling Filecoin

It is usually not currently possible to buy alternative cryptocurrencies such as Filecoin directly using U.S. dollars. Investors seeking to acquire Filecoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Filecoin using one of the aforementioned exchanges.

FIL/USD price chart by TradingView