Cryptocurrency Filecoin Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Filecoin (FIL) has experienced a 4.15% price drop in the last 24 hours, continuing a weekly decline. Trading volume decreased by 38%, while circulating supply slightly increased. FIL ranks #44 in market cap at $2.10 billion.
October 09, 2024 | 3:03 pm
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Filecoin's price has dropped 4.15% in the last 24 hours, continuing a weekly decline. Trading volume has decreased by 38%, while circulating supply increased slightly. FIL ranks #44 in market cap.
The 4.15% price drop in 24 hours, along with a 38% decrease in trading volume, indicates a negative short-term sentiment for Filecoin. The slight increase in circulating supply adds to the pressure. These factors suggest a likely continued downward trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100