About Filecoin
Filecoin (FIL) is a cryptocurrency that powers the Filecoin network, a decentralized peer-to-peer file storage network that aims to let anyone store, retrieve, and host digital information. FIL tokens are used as payment for these services and as an economic incentive to ensure files are stored reliably over time.
Trading Insights
Buyer Ratio
Traders
4.3K
-50.29%
Buyers
3K
-57.75%
Sellers
2.2K
-38.46%
Searched
16K
Market Stats
Market Cap
£1.43B
FDV
£3.96B
Circ. Supply
707M FIL
Max Supply
Not enough data
Total Supply
2B FIL
Performance
Popularity
#46
Dominance
0.06%
Volume (24H)
£1.61B
-40.72%
Volume (7D)
£18.60B
Volume (30D)
£62.16B
All time high
£180.63
Price Change (1Y)
-38.2%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Additional details
Recent trends
The price of Filecoin has decreased by 8.65% in the last hour and decreased by 20.26% in the past 24 hours. Filecoin’s price has also risen by 57.68% in the past week. The current price is £2.04 per FIL with a 24-hour trading volume of £1.61B. Currently, Filecoin is valued at 98.87% below its all time high of £180.63. This all-time high was the highest price paid for Filecoin since its launch.
The current circulating supply of Filecoin is 707,382,964 FIL which means that Filecoin has as total market cap of £1,430,068,368.59.
Market details
FIL vs markets
↘ 53.9%
FIL vs BTC
↘ 51.04%
FIL vs ETH
↘ 41.56%
Tags
mineable
ai-big-data
distributed-computing
filesharing
+8
Network & Addresses
Network | Address | |
|---|---|---|
Filecoin | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | £2.04 | ↘ 20.26% |
1 Day | £2.52 | ↘ 20.26% |
1 Week | £1.27 | ↗ 57.68% |
1 Month | £1.73 | ↗ 13.87% |
1 Year | £3.31 | ↘ 38.20% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Filecoin (FIL) is a decentralized storage system that aims to store a variety of information. It is an open protocol supported by a blockchain that records commitments made by the network's participants, with transactions made using FIL, the blockchain's native currency. Filecoin is open-source and aims to be decentralized, with governance in the hands of the community. The platform provides an opportunity for developers to create cloud file storage services. FIL, Filecoin's native currency, powers the entire network and all processes. Clients exchange transactions in FIL tokens, and miners place FIL as collateral, guaranteeing their services. Filecoin seeks to address the challenge of inefficient file storage and retrieval by providing an efficient set of tools and its core development, IPFS.
Filecoin operates through a system involving three parties: clients, storage miners, and retrieval miners. Clients exchange for storing or retrieving data, placing an order on the online storage market where a deal is concluded with storage miners. Storage miners store the client’s data and are compensated. They place files in free sectors of a hard drive, all actions are recorded in the blockchain, and clients receive private keys. Retrieval miners extract data at a client's request. Clients place a trade on the off-chain Retrieval Market. Filecoin is based on IPFS where all data is stored on a peer-to-peer blockchain. Users choose miners to store personal data and exchange for placement in FIL tokens. Miners execute trades, receive participation fees and FIL compensation. The more storage miners offer, the higher the chances of getting compensated.
Filecoin news
Trending articles
Social stats
Popularity in posts
#75
Contributors
716
Posts
716
% About Filecoin
0.24%
Articles
17
Hold times
0 days
X (Twitter)
43.47% bullish
Sentiment
4.3 ★
Highlights
716 unique individuals are talking about Filecoin and it is ranked #75 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Filecoin has an average sentiment score of 4.3 out of 5. Finally, Filecoin is becoming less newsworthy, with 17 news articles published about Filecoin.
On Twitter, people are mostly neutral about Filecoin. There were 47.07% of tweets with bullish sentiment compared to 8.28% of tweets with a bearish sentiment about Filecoin. 52.93% of tweets were neutral about Filecoin. These sentiments are based on 10247 tweets.
On Reddit, Filecoin was mentioned in 590 Reddit posts and there were 1521 comments about Filecoin. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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