Filecoin (FIL) Hits 1-Day Trading Volume of $81.97 Million

Filecoin (FIL) traded up 0.5% against the U.S. dollar during the 1 day period ending at 7:00 AM Eastern on October 24th. In the last week, Filecoin has traded up 10.7% against the U.S. dollar. Filecoin has a total market cap of $1.09 billion and approximately $81.97 million worth of Filecoin was traded on exchanges in the last 24 hours. One Filecoin coin can currently be bought for approximately $1.56 or 0.00001405 BTC on 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 2.2% lower 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 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 1.7% higher against the dollar and now trades at $111,046.91 or 0.99853790 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 0.6% against the dollar and now trades at $108,915.56 or 0.99193272 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 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Filecoin Coin Profile

Filecoin’s launch date was October 14th, 2020. Filecoin’s total supply is 1,958,868,824 coins and its circulating supply is 700,421,251 coins. Filecoin’s official Twitter account is @filecoin and its Facebook page is accessible here. The official website for Filecoin is filecoin.io. Filecoin’s official message board is filecoin.io/blog.

According to CryptoCompare, “Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (also called “Filecoin”), which miners earn by providing storage to clients. Conversely, clients spend Filecoin hiring miners to store or distribute data. Filecoin miners compete to mine blocks with sizable rewards, but Filecoin mining power is proportional to active storage, which directly provides a useful service to clients.”

Buying and Selling Filecoin

It is usually not possible to buy alternative cryptocurrencies such as Filecoin directly using US dollars. Investors seeking to acquire Filecoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, 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