Cryptocurrency Filecoin's Price Increased More Than 10% Within 24 hours
Portfolio Pulse from Benzinga Insights
Filecoin (CRYPTO: FIL) saw a price increase of 10.27% in the last 24 hours, reaching $9.11, despite a 13.0% decrease over the past week from $10.28. The coin's all-time high is $236.84. Trading volume decreased by 4.0% over the past week, while circulating supply rose by 0.71% to over 525.93 million, representing 26.82% of its max supply. Filecoin's market cap ranks #27 at $4.78 billion.
March 21, 2024 | 3:02 pm
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Filecoin (FIL) experienced a 10.27% price increase to $9.11 over the last 24 hours, countering a weekly 13% decline. The coin's market cap is now $4.78 billion, ranking it #27.
The significant 24-hour price increase of Filecoin (FIL) suggests a positive short-term momentum for the cryptocurrency, potentially attracting more investors and traders. Despite the recent weekly loss, the increase in circulating supply and the coin's substantial market cap position it as a notable asset in the crypto market. The short-term impact is likely positive due to the rebound in price, but investors should remain cautious of volatility.
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