Cryptocurrency Filecoin Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Filecoin (CRYPTO: FIL) has fallen 3.19% in the past 24 hours to $3.59, despite an 8.0% gain over the past week. Trading volume decreased by 22.0% over the week, while circulating supply increased by 0.08%. Filecoin's market cap is $2.07 billion, ranking it #41.
August 14, 2024 | 7:02 pm
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NEGATIVE IMPACT
Filecoin (CRYPTO: FIL) has experienced a 3.19% price drop in the past 24 hours, contrasting with its 8.0% gain over the past week. Trading volume has decreased by 22.0%, while circulating supply has slightly increased by 0.08%.
The recent 3.19% price drop in Filecoin, coupled with a significant decrease in trading volume, suggests a short-term negative impact on its price. The slight increase in circulating supply also adds to the downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100