Cryptocurrency Filecoin's Price Increased More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Filecoin (FIL) saw a price increase of 4.11% over the past 24 hours to $6.19, despite a weekly trend of a 2.0% loss from $6.37. The coin's all-time high is $236.84. Trading volume decreased by 34.0% over the past week, while the circulating supply increased by 2.18% to over 539.96 million, representing 27.54% of its max supply of 1.96 billion. Filecoin's market cap is currently ranked #32 at $3.34 billion.
April 19, 2024 | 7:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Filecoin (FIL) experienced a 4.11% price increase to $6.19 over the last 24 hours, despite a weekly downward trend. The trading volume has decreased, but the circulating supply has grown, affecting its market cap and ranking.
The price increase of Filecoin (FIL) over the past 24 hours, despite a decrease in trading volume and a recent weekly loss, indicates a potential short-term bullish sentiment among investors. The increase in circulating supply without a corresponding drop in price suggests a stable demand. However, the overall market cap and ranking provide a broader perspective on its performance relative to other cryptocurrencies, which could influence investor perception and thus the price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100