Cryptocurrency Filecoin Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Filecoin (CRYPTO: FIL) has experienced a 3.19% price drop in the last 24 hours, continuing a week-long decline of 15%. Trading volume has decreased by 23% and the circulating supply has slightly fallen. The current market cap is $2.84 billion, ranking FIL at #38.
June 17, 2024 | 7:01 pm
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Filecoin (CRYPTO: FIL) has seen a 3.19% price drop in the last 24 hours, continuing a 15% decline over the past week. Trading volume has decreased by 23%, and the circulating supply has slightly fallen. The current market cap is $2.84 billion, ranking FIL at #38.
The continuous decline in Filecoin's price, along with a significant drop in trading volume, indicates a bearish trend. The decrease in circulating supply is minor but adds to the negative sentiment. These factors suggest a likely short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100