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    Cryptocurrencies Filecoin
    USD
    $4.37318 $ 4.37318
    +¥5204,24 4.5% 1D
    1D 1M 1Y ALL
    Updated:
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    Market Cap (USD)
    1.43B
    24H Volume
    96.96M
    Circulating Supply
    327.46M FIL
    Max Supply
    1.97B FIL
    All Time High
    236.84
    Rank
    34

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    • About Filecoin (FIL)

      Filecoin (FIL) is an open-source, user-oriented to the public cryptocurrency and digital payment system. The Filecoin (FIL) system aims to create a data storage and retrieval method based on the blockchain system. It was created by the protocol laboratory based on the interstellar file system.

      Filecoin (FIL) raised $52 million and $200 million in ICO pre-sales and ICO sales respectively.

      Filecoin (FIL) was launched on the mainnet at 148888 on October 15, 2020 at 14:00 (UTC).


      How does Filecoin (FIL) Work?

      Filecoin (FIL) is a decentralized storage network that acts as an incentive layer over the IPFS network.

      Filecoin (FIL) uses idle hard disk space and bandwidth to provide data storage and retrieval services in the open market, so that anyone can participate as a storage provider and make profit by using the idle capacity of the hard disk.

      The Filecoin blockchain has a built-in self-healing process, which can detect failed storage nodes and redistribute the files stored to reliable nodes.

      Filecoin network uses FIL tokens to encourage various node types to make contributions to the network.


      What is Filecoin (FIL)?

      Filecoin (FIL) is a peer-to-peer network that stores files. It has a built-in economic incentive mechanism to ensure reliable storage of files over time.

      In Filecoin (FIL), users pay to store their files on the storage miner. The storage miner is the computer responsible for storing files and proving that it has stored them correctly over time. Anyone who wants to store their files or wants to get paid for storing files of other users can join Filecoin (FIL). The available storage space and the price of the storage space are not controlled by any one company. Instead, Filecoin (FIL) promotes an open market for storing and retrieving files that anyone can participate in.

      Filecoin (FIL) includes blockchain and native cryptocurrency (FIL). Storage miners earn FIL units by storing files. Filecoin's blockchain records transactions to send and receive FILs, as well as certificates from storage miners, proving that they have correctly stored files.


      Filecoin (FIL) Crypto Wallet

      In addition to placing FIL in the Gate.io exchange to facilitate trading, FIL can also be placed in a crypto wallet.

      In order for investors to interact with the blockchain network, they need a crypto wallet. A Crypto wallet is a digital storage form of cryptocurrency.

      Hardware, software and paper wallets are the three main crypto wallets. Depending on their mode of operation, they may be described as cold wallets or hot wallets.

      Hardware wallets are the most secure, but software wallets are easier to access and convenient. Paper wallets are made of paper and are now obsolete and unstable.

      Hardware wallet: Hardware wallet is a storage option that allows investors to protect their crypto assets in offline locations. The hardware wallet appears in the form of a USB device and requires a key for authorization before accessing funds. The advantage of this type of wallet is that it is difficult for hackers to access encrypted assets because they are stored offline.

      Paper wallet: paper wallet is a real wallet with two-dimensional code written on it. Some wallets allow you to download code to generate a new address when you are not connected to the Internet. They cannot be cracked, but a large number of defects make them dangerous. Unable to send part of the funds is a big problem. As a result, it cannot be used again.

      Software wallets: software wallets are the most convenient way to store encrypted assets because they are easy to access. The software wallet uses a 24 word recovery phrase to enable users to recover their funds in case of mobile device problems. This wallet option allows users to access their funds at any time.

      The wallets supported by Filecoin (FIL) include Metamask, Trust, imToken, etc.
      Expand
    • Filecoin Market

      Currency Price 24H Change Action
      FIL /USDT
      5X Margin
      $4.37318 +4.5% Trade
      FIL /USDT
      Futures
      $4.364 +3.73% Trade
      FIL /USDT
      Spot
      $4.37318 +4.5% Trade

    Filecoin FAQs

    • 1. What determines the price of Filecoin?
      There are two schools of thought in determining the price of Filecoin.

      By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Filecoin, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Filecoin from a long term perspective.

      By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Filecoin on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Filecoin as well.

      HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Filecoin and the cryptocurrency market as a whole.
    • 2. What is the highest price of Filecoin in history?
      Filecoin achieved the all-time high of $236.84 in 2021-04-01, and is currently trading at $4.37.
    • 3. What is the lowest price of Filecoin in history?
      In 2022-10-13, Filecoin reached the all-time low of $4.06.
    • 4. Should I buy Filecoin now?
      It is important to remember that Filecoin, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.

    Filecoin News

    News
    Announcements
    How can investors seek and earn from arbitrage opportunities in a volatile market filled with collapses?

    How can investors seek and earn from arbitrage opportunities in a volatile market filled with collapses?

    Abstract Though the CPI is lower than what’s expected, which has temporarily boosted Bitcoin and the US stock market, we may still be mired in a bear market. It is particularly vital that we grasp our wealth code and find a relatively reliable and sta...
    Source: Gate.blog Posted: 2022-11-24
    Market Trend|Solana Loses 45% In A Week, FTX Founder Files For Bankruptcy, The US Government Now Owns More BTC Than Individual Whales

    Market Trend|Solana Loses 45% In A Week, FTX Founder Files For Bankruptcy, The US Government Now Owns More BTC Than Individual Whales

    Despite the seemingly ephemeral break in the bear market across the past few weeks following the acceleration in institutional adoption and green candlesticks, the market has been plunged into jeopardy once again, with a majority of the top fifty assets plummeting in value throughout the past week....
    Source: Gate.blog Posted: 2022-11-11
    Filecoin launches Web3 data-storage solution for carbon offsets

    Filecoin launches Web3 data-storage solution for carbon offsets

    This free storage utility aims to address the shortcomings of traditional storage solutions for all types of digital environmental assets, said the company.
    Source: cointelegraph Posted: 2022-10-25
    Australian Regulator Cracks Down on Firm's Bitcoin, Ethereum, Filecoin Funds

    Australian Regulator Cracks Down on Firm's Bitcoin, Ethereum, Filecoin Funds

    ASIC blocked client access to three different crypto funds, alleging Holon hadn’t properly considered its target markets.
    Source: decrypt Posted: 2022-10-17
    Compute North, A Bitcoin Mining Firm, Files For Chapter 11 Bankruptcy

    Compute North, A Bitcoin Mining Firm, Files For Chapter 11 Bankruptcy

    TL: DR Compute North has declared Chapter 11 bankruptcy in the U.S. court in Houston, citing the collapse of crypto prices, rising electricity costs, and supply chain challenges. Compute North has over 200 creditors, assets reaching $500 million, and liabilities....
    Source: Gate.blog Posted: 2022-10-06
    Filesharing Crypto Project Filecoin Reports Strong Fundamental Growth Ahead of FVM Launch

    Filesharing Crypto Project Filecoin Reports Strong Fundamental Growth Ahead of FVM Launch

    Some 20,000 individual users are said to be using Filecoin to store over 50 million data objects used by dApps.
    Source: coindesk Posted: 2022-09-26
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