Cryptocurrency Filecoin Decreases More Than 7% Within 24 hours

Over the past 24 hours, Filecoin’s FIL/USD price has fallen 7.63% to $7.85. This is opposite to its positive trend over the past week where it has experienced a 55.0% gain, moving from $5.02 to its current price.

The chart below compares the price movement and volatility for Filecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Filecoin’s trading volume has climbed 458.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has increased 3.57%. This brings the circulating supply to 389.51 million, which makes up an estimated 19.81% of its max supply of 1.97 billion. According to our data, the current market cap ranking for FIL is #27 at $3.07 billion.

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This article was generated by Benzinga’s automated content engine and reviewed by an editor.