Filecoin (FIL) Price Down 15% Over Last Week

Filecoin (FIL) traded down 5.5% against the dollar during the 1-day period ending at 9:00 AM E.T. on February 9th. One Filecoin coin can currently be purchased for $0.90 or 0.00001316 BTC on major exchanges. Filecoin has a market cap of $679.63 million and approximately $81.83 million worth of Filecoin was traded on exchanges in the last 24 hours. During the last week, Filecoin has traded down 15% against the dollar.

Here’s how similar cryptocurrencies have performed during 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 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 2.2% lower 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 down 1.4% against the dollar and now trades at $69,855.72 or 1.01696368 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Filecoin

Filecoin launched on October 14th, 2020. Filecoin’s total supply is 1,958,314,056 coins and its circulating supply is 751,948,532 coins. The official message board for Filecoin is filecoin.io/blog. Filecoin’s official website is filecoin.io. Filecoin’s official Twitter account is @filecoin and its Facebook page is accessible here.

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.”

Filecoin Coin Trading

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