Cryptocurrency Filecoin's Price Increased More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Filecoin (FIL) saw a price increase of 3.57% in the last 24 hours to $5.74, despite a weekly trend showing a 10% decrease from $6.12. The coin's all-time high is $236.84. Trading volume for FIL has risen by 7% over the past week, and its circulating supply has grown by 0.52% to 546.51 million, representing 27.88% of its max supply of 1.96 billion. Filecoin's market cap ranks it 34th at $3.13 billion.
May 01, 2024 | 7:03 pm
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Filecoin (FIL) experienced a 3.57% price increase over the last 24 hours, moving against its recent weekly trend of a 10% decrease. The trading volume has increased by 7%, and the circulating supply has grown by 0.52%.
The short-term price increase of Filecoin (FIL) despite a weekly downtrend suggests a potential reversal or positive market reaction to the increased trading volume and circulating supply. The significant increase in trading volume and slight increase in supply could indicate growing investor interest and support for the price level, potentially leading to further short-term gains.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100