Filecoin Price Reaches $13.86 on Exchanges (FIL)

Filecoin (FIL) traded 6.2% lower against the US dollar during the 1 day period ending at 13:00 PM E.T. on May 5th. One Filecoin coin can currently be purchased for $13.86 or 0.00037498 BTC on major exchanges. Filecoin has a market capitalization of $2.76 billion and approximately $551.88 million worth of Filecoin was traded on exchanges in the last 24 hours. In the last week, Filecoin has traded 22.7% lower against the US dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

  • JUMPN (JST) traded 1,419.5% higher against the dollar and now trades at $18.79 or 0.00047441 BTC.
  • Tether (USDT) traded 0% higher against the dollar and now trades at $1.00 or 0.00002706 BTC.
  • Wrapped Cardano (WADA) traded 13.5% higher against the dollar and now trades at $0.88 or 0.00002221 BTC.
  • XRP (XRP) traded 2.5% lower against the dollar and now trades at $0.60 or 0.00001624 BTC.
  • Wrapped LUNA Token (WLUNA) traded 3.8% lower against the dollar and now trades at $81.05 or 0.00219274 BTC.
  • Enegra (EGX) (EGX) traded 1.4% lower against the dollar and now trades at $172.37 or 0.00466315 BTC.
  • Polkadot (DOT) traded 4.1% lower against the dollar and now trades at $14.49 or 0.00039213 BTC.
  • PLC Ultima (PLCU) traded 1.1% lower against the dollar and now trades at $71,594.14 or 1.93687535 BTC.
  • Shiba Inu (SHIB) traded down 2.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Lido stETH (STETH) traded 0.6% lower against the dollar and now trades at $2,947.45 or 0.07417648 BTC.

About Filecoin

Filecoin’s genesis date was July 19th, 2017. Filecoin’s total supply is 199,022,400 coins. Filecoin’s official Twitter account is @Filecoin and its Facebook page is accessible here. Filecoin’s official website 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. “

Filecoin Coin Trading

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