Cryptocurrency Filecoin Rises More Than 13% In 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Filecoin (FIL) has seen a significant price increase of 13.55% in the last 24 hours, reaching $8.48. Over the past week, FIL's price has risen over 3.0%, from $8.38. The coin's all-time high is $236.84. Trading volume for FIL has increased by 10.0% over the past week, and its circulating supply has grown by 0.71% to over 516.06 million, representing approximately 26.32% of its maximum supply of 1.96 billion. Filecoin's market cap ranking is currently #28, with a valuation of $4.39 billion.
February 29, 2024 | 7:00 pm
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Filecoin (FIL) has experienced a 13.55% price increase in the last 24 hours, reaching $8.48, with a weekly gain of over 3%. The trading volume has risen by 10%, and the circulating supply has increased to over 516.06 million. Filecoin's market cap is now $4.39 billion, ranking it #28.
The significant price increase of 13.55% in the last 24 hours, coupled with a weekly gain of over 3%, indicates strong market momentum for Filecoin (FIL). The increase in trading volume by 10% suggests growing investor interest, which could further drive up the price in the short term. The rise in circulating supply is modest and unlikely to dilute the value significantly, given the current demand. The market cap ranking improvement to #28 reflects the positive market sentiment towards FIL, making it a potentially attractive asset for short-term investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100