Cryptocurrency Filecoin Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Filecoin's (CRYPTO: FIL) price has decreased by 5.71% over the past 24 hours to $4.57, contrary to its performance over the past week where it has experienced an up-trend of 15.0%. The trading volume for the coin has risen 197.0% over the past week while the circulating supply has decreased 0.23% to 433.56 million, which makes up an estimated 22.1% of its max supply of 1.96 billion. The current market cap ranking for FIL is #31 at $1.98 billion.
July 04, 2023 | 7:00 pm
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Filecoin's price has decreased by 5.71% over the past 24 hours, despite a weekly uptrend of 15%. The trading volume has risen 197% over the past week, while the circulating supply has decreased 0.23%.
The decrease in Filecoin's price over the past 24 hours, despite a weekly uptrend, suggests a potential short-term bearish trend. The increase in trading volume could indicate heightened interest in the asset, but the decrease in circulating supply could put upward pressure on the price. However, the overall market sentiment appears to be negative in the short term.
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