Filecoin (FIL) Hits Market Cap of $1.42 Billion

Filecoin (FIL) traded down 1.6% against the US dollar during the 24-hour period ending at 14:00 PM Eastern on November 24th. Filecoin has a market capitalization of $1.42 billion and approximately $103.78 million worth of Filecoin was traded on exchanges in the last day. One Filecoin coin can currently be purchased for approximately $4.36 or 0.00026314 BTC on cryptocurrency exchanges. Over the last seven days, Filecoin has traded up 0.6% against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

  • KILT Protocol (KILT) traded 2.7% higher against the dollar and now trades at $0.43 or 0.00002614 BTC.
  • Aidi Finance (BSC) (AIDI) traded 2.4% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 2.9% higher against the dollar and now trades at $0.0456 or 0.00000275 BTC.
  • CareCoin (CARES) traded up 2.9% against the dollar and now trades at $0.0565 or 0.00000341 BTC.
  • OmniaVerse (OMNIA) traded 2.8% higher against the dollar and now trades at $0.0012 or 0.00000007 BTC.
  • 2G Carbon Coin (2GCC) traded 0.4% higher against the dollar and now trades at $1,421.20 or 0.08567188 BTC.
  • Kitty Inu (KITTY) traded up 2.9% against the dollar and now trades at $80.09 or 0.00482820 BTC.
  • Lunar (LNR) traded up 14.2% against the dollar and now trades at $0.0614 or 0.00000370 BTC.
  • Hokkaidu Inu (HOKK) traded up 3.7% against the dollar and now trades at $0.0004 or 0.00000003 BTC.
  • QANplatform (QANX) traded 2.9% higher against the dollar and now trades at $4,914.12 or 0.29622965 BTC.

Filecoin Coin Profile

Filecoin launched on October 14th, 2020. Filecoin’s total supply is 326,106,450 coins. The official message board for Filecoin is filecoin.io/blog. Filecoin’s official Twitter account is @protocollabs and its Facebook page is accessible here. The official website for Filecoin is filecoin.io.

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 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 Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Filecoin using one of the exchanges listed above.

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