Cryptocurrency Filecoin Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
In the past 24 hours, the price of cryptocurrency Filecoin (CRYPTO: FIL) has fallen by 3.41% to $3.93, continuing its negative trend over the past week with a 3.0% loss. The trading volume for the coin has decreased by 15.0% over the past week, while the circulating supply has increased by 0.77% to 442.50 million, which is 22.56% of its max supply of 1.96 billion. Filecoin's current market cap ranking is #33 at $1.74 billion.
August 15, 2023 | 7:00 pm
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NEGATIVE IMPACT
Filecoin's price has fallen by 3.41% in the past 24 hours and 3.0% over the past week. The trading volume has decreased by 15.0% while the circulating supply has increased by 0.77%.
The decrease in Filecoin's price and trading volume, along with the increase in circulating supply, indicates a negative short-term impact on the asset. The increased supply could be putting downward pressure on the price, while the decreased trading volume could indicate less demand.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100