Cryptocurrency Filecoin Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Filecoin (FIL) has experienced a 5.12% price drop in the last 24 hours, continuing a week-long decline of 12%. Despite the price drop, trading volume increased by 1%, and the circulating supply rose by 0.59%. Filecoin's market cap is $2.09 billion, ranking it #42.
August 30, 2024 | 3:01 pm
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NEGATIVE IMPACT
Filecoin's price has dropped 5.12% in the last 24 hours, continuing a week-long decline of 12%. Despite the price drop, trading volume increased by 1%, and the circulating supply rose by 0.59%.
The 5.12% drop in Filecoin's price over the last 24 hours, along with a 12% decline over the past week, indicates a negative trend. The increase in trading volume and circulating supply suggests market activity but does not offset the negative price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100