Cryptocurrency Filecoin Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Filecoin (CRYPTO: FIL) has seen a 3.18% decrease in price over the last 24 hours, continuing a negative trend with a 1.0% loss over the past week. The trading volume for Filecoin has increased by 5.0% in the same period, with its circulating supply now at 501.63 million, representing 25.58% of its maximum supply. Filecoin's market cap ranks #39 at $2.46 billion.
February 01, 2024 | 7:02 pm
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NEGATIVE IMPACT
Filecoin (FIL) experienced a 3.18% decrease in price over the last 24 hours, with a 1.0% loss over the past week. Its trading volume has increased by 5.0%, and the circulating supply has risen to 501.63 million.
The decrease in Filecoin's price over both the last 24 hours and the past week suggests a negative short-term trend for FILUSD. The increase in trading volume and circulating supply indicates growing interest and liquidity, but the price drop suggests that this may not be enough to counteract the current downward pressure on the price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100