Cryptocurrency Filecoin Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
In the past 24 hours, the price of Filecoin (CRYPTO: FIL) has dropped by 4.19% to $3.31, continuing its negative trend over the past week with a total loss of 11.0%. The trading volume for the coin has decreased by 10.0% over the past week, while the circulating supply has increased by 0.28% to 443.17 million, which is 22.59% of its max supply of 1.96 billion. Filecoin's current market cap ranking is #33 at $1.46 billion.

August 24, 2023 | 7:00 pm
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NEGATIVE IMPACT
Filecoin's price has dropped by 4.19% in the past 24 hours and 11.0% over the past week. The trading volume has decreased by 10.0% over the past week, while the circulating supply has increased by 0.28%.
The price of Filecoin has been on a downward trend, which is likely to continue given the decrease in trading volume and increase in circulating supply. This suggests a lack of demand for the coin, which is bearish for its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100