Cryptocurrency Filecoin Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Filecoin (FIL) experienced a 4.65% decrease in price over the last 24 hours, now at $10.2, despite a weekly uptrend of 4.0%. The trading volume has decreased by 5.0% over the past week, while the circulating supply increased by 0.42%, reaching 524.13 million. Filecoin's market cap ranks #25 at $5.34 billion.
March 14, 2024 | 3:00 pm
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Filecoin (FIL) price dropped by 4.65% in the last 24 hours to $10.2, despite a recent uptrend. The trading volume decreased by 5%, and the circulating supply increased to 524.13 million.
The short-term price drop of 4.65% in Filecoin, despite its weekly gains, indicates a potential negative impact on investor sentiment and could lead to further short-term declines. The decrease in trading volume suggests lower market activity, which might contribute to price volatility. However, the increase in circulating supply could have a dilutive effect on the price.
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