Cryptocurrency Filecoin Up More Than 18% In 24 hours
Portfolio Pulse from Benzinga Insights
Filecoin (CRYPTO: FIL) has seen a significant increase of 18.4% in its price over the last 24 hours, reaching $7.85. Over the past week, FIL has gained 30.0%, rising from $5.76. Despite the recent surge, the price is still far below its all-time high of $236.84. The trading volume has spiked by 215.0% this week, and the circulating supply has grown by 0.79% to over 490.22 million coins, representing 25.0% of the maximum supply. Filecoin's market cap is currently ranked #25, valued at $3.79 billion.
January 01, 2024 | 3:00 pm
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Filecoin's price has surged by 18.4% in the past 24 hours and by 30% over the past week, with a significant increase in trading volume and a slight increase in circulating supply. The market cap is now at $3.79 billion, ranking it 25th.
The substantial price increase and spike in trading volume for Filecoin indicate strong market interest and momentum, which could attract more investors in the short term. The growth in circulating supply is modest and unlikely to dampen the positive price movement. The market cap ranking provides additional visibility and could further support the price in the short term.
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IMPORTANCE 85
RELEVANCE 100