Filecoin (FIL) Trading 30.1% Lower This Week

Filecoin (FIL) traded 2.6% lower against the U.S. dollar during the 1 day period ending at 7:00 AM E.T. on February 6th. During the last week, Filecoin has traded 30.1% lower against the U.S. dollar. One Filecoin coin can now be purchased for approximately $3.27 or 0.00003315 BTC on major exchanges. Filecoin has a market capitalization of $2.05 billion and approximately $151.36 million worth of Filecoin was traded on exchanges in the last day.

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

• GMX (GMX) traded up 0.6% against the dollar and now trades at $17.10 or 0.00017348 BTC.
• 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 0.3% higher against the dollar and now trades at $98,520.36 or 0.99944674 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.6% higher against the dollar and now trades at $98,170.70 or 0.99589966 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Filecoin Profile

Filecoin’s launch date was October 14th, 2020. Filecoin’s total supply is 1,959,672,798 coins and its circulating supply is 628,055,653 coins. The official message board for Filecoin is filecoin.io/blog. The official website for Filecoin 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.”

Filecoin Coin Trading

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

FIL/USD price chart by TradingView