Cryptocurrency Filecoin Down More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Filecoin (CRYPTO: FIL) has experienced a 6.52% price drop over the past 24 hours, continuing a weekly decline of 26%. The trading volume has decreased by 57%, while the circulating supply has increased by 0.83%. Filecoin's current market cap is $2.65 billion, ranking it 35th in the market.
January 09, 2024 | 7:02 pm
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Filecoin (FIL) has seen a significant price decrease of 6.52% in the last 24 hours and a 26% decrease over the past week, indicating a bearish trend. The trading volume has also declined substantially.
The sharp decline in price and trading volume for Filecoin suggests a bearish sentiment among investors. The increase in circulating supply without a corresponding price increase may further dilute the value, potentially leading to a continued short-term downtrend.
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