Cryptocurrency Filecoin Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Filecoin's (CRYPTO: FIL) price has decreased by 3.11% over the past 24 hours to $4.23, continuing its downward trend over the past week of -8.0%. The trading volume for the coin has decreased 59.0% over the past week, while the overall circulating supply of the coin has increased 0.43% to over 434.94 million. The current market cap ranking for FIL is #31 at $1.84 billion.
July 11, 2023 | 7:00 pm
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NEGATIVE IMPACT
Filecoin's price has decreased by 3.11% over the past 24 hours, continuing its downward trend over the past week of -8.0%. The trading volume for the coin has decreased 59.0% over the past week.
The decrease in Filecoin's price and trading volume indicates a bearish trend. The increase in circulating supply could further pressure the price as it suggests a higher availability of the coin. The overall market sentiment for Filecoin appears to be negative in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100