Filecoin Price Up 66.4% Over Last 7 Days (FIL)

Filecoin (FIL) traded 16.4% lower against the dollar during the 1-day period ending at 8:00 AM E.T. on November 9th. During the last week, Filecoin has traded up 66.4% against the dollar. One Filecoin coin can now be bought for $2.77 or 0.00002715 BTC on major cryptocurrency exchanges. Filecoin has a market cap of $1.96 billion and $1.61 billion worth of Filecoin was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:

• 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 down 2.2% 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 (SOLVBTC) traded 0.6% lower against the dollar and now trades at $101,463.86 or 0.99292381 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 down 0.1% 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 1,958,827,170 coins and its circulating supply is 707,425,416 coins. Filecoin’s official website is filecoin.io. Filecoin’s official Twitter account is @filecoin and its Facebook page is accessible here. The official message board for Filecoin 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 GDAX, Changelly or Coinbase. 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