Cryptocurrency Filecoin Up More Than 12% In 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Filecoin (FIL) has seen a significant increase, rising 12.04% in the last 24 hours to $11.41, and marking a 40% gain over the past week from $8.13. The trading volume surged by 84% in the same period, while the circulating supply decreased by 1.39%, now at 26.53% of its max supply. Filecoin's market cap ranks it 23rd at $5.85 billion.
March 08, 2024 | 7:02 pm
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Filecoin (FIL) experienced a 12.04% increase in the last 24 hours, reaching $11.41, and a 40% gain over the past week. The trading volume has significantly increased, and the circulating supply has slightly decreased.
The significant increase in Filecoin's price and trading volume, coupled with a decrease in circulating supply, suggests a strong demand for FIL. This could potentially lead to further short-term price increases as supply tightens and interest in the coin grows.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100