Filecoin (FIL) Market Capitalization Achieves $2.00 Billion

Filecoin (FIL) traded 1.4% higher against the U.S. dollar during the 24-hour period ending at 8:00 AM E.T. on March 6th. Filecoin has a market cap of $2.00 billion and approximately $147.73 million worth of Filecoin was traded on exchanges in the last 24 hours. Over the last week, Filecoin has traded down 5% against the U.S. dollar. One Filecoin coin can currently be purchased for approximately $3.12 or 0.00003465 BTC on exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Taiko (TAIKO) traded up 0.6% against the dollar and now trades at $0.83 or 0.00000924 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 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 0.1% lower against the dollar and now trades at $90,063.12 or 1.00050775 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.1% against the dollar and now trades at $89,466.68 or 0.99388194 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Filecoin

Filecoin launched on October 14th, 2020. Filecoin’s total supply is 1,959,614,537 coins and its circulating supply is 642,432,121 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 possible to purchase alternative cryptocurrencies such as Filecoin directly using US dollars. Investors seeking to trade Filecoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Filecoin using one of the exchanges listed above.

FIL/USD price chart by TradingView