Filecoin (FIL) Trading Up 7.9% Over Last Week

Filecoin (FIL) traded up 1.2% against the US dollar during the one day period ending at 7:00 AM Eastern on November 14th. Filecoin has a market capitalization of $2.40 billion and $456.97 million worth of Filecoin was traded on exchanges in the last 24 hours. One Filecoin coin can now be bought for about $4.01 or 0.00004388 BTC on popular exchanges. Over the last week, Filecoin has traded up 7.9% against the US dollar.

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 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 4.1% higher against the dollar and now trades at $90,915.35 or 0.99472391 BTC.
• SolvBTC (SOLVBTC) traded 3.9% higher against the dollar and now trades at $90,734.13 or 0.99274108 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 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Filecoin Coin Profile

Filecoin was first traded on October 14th, 2020. Filecoin’s total supply is 1,959,864,313 coins and its circulating supply is 598,967,810 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 presently possible to buy alternative cryptocurrencies such as Filecoin directly using US dollars. Investors seeking to acquire Filecoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. 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