Coins: 10053 Exchanges: 856 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Filecoin price

Filecoin Price (FIL)

$7.42

4.20%
Rank #46

Filecoin Price Chart (FIL/USD)

Last updated 22 Feb 2024, 14:14PM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Binance FIL / USDT $4.25 0.02% $13,279,441
2 Huobi Global FIL / USDT $4.24 0.05% $8,930,140
3 Digifinex FIL / USDT $4.24 0.02% $5,824,600
4 OKX FIL / USDT $4.25 0.02% $5,759,384
5 Bitrue FIL / USDT $4.24 0.02% $4,058,758
6 LBank FIL / USDT $4.24 0.02% $2,816,049
7 XT.COM FIL / USDT $4.24 0.02% $2,638,592
8 Gate.io FIL / USDT $4.25 0.01% $2,005,469
9 Bit.com FIL / USDT $6.06 0.28% $1,337,610
10 Bitget FIL / USDT $4.24 0.06% $1,281,981
11 CITEX FIL / USDT $4.25 0.02% $1,199,165
12 Coinbase Exchange FIL / USD $4.25 0.07% $1,178,531
13 CoinW FIL / USDT $4.24 0.11% $1,075,908
14 Toobit FIL / USDT $4.29 0.07% $1,072,978
15 Binance FIL / BUSD $4.24 0.02% $1,040,471
16 BingX FIL / USDT $4.24 0.24% $993,595
17 LBank FIL / USDC $5.22 0.07% $665,834
18 KuCoin FIL / USDT $4.24 0.01% $489,822
19 BitMart FIL / USDT $4.25 0.11% $467,910
20 Upbit FIL / BTC $4.23 0.39% $461,531
21 BTSE FIL / USD $4.25 0.09% $431,729
22 Binance FIL / BTC $4.25 0.07% $397,785
23 Bybit (Spot) FIL / USDT $4.24 0.05% $350,690
24 Fameex FIL / USDT $4.24 0.24% $325,245
25 OKX FIL / ETH $4.67 0.17% $320,978
26 AscendEX (BitMax) FIL / USDT $4.25 0.16% $299,279
27 Bitget FIL / BTC $4.43 0.53% $183,524
28 Binance FIL / BNB $3.33 0.08% $171,676
29 QMall FIL / USDT $4.24 0.04% $169,846
30 Binance FIL / TRY $3.21 0.22% $169,087
31 CoinTR FIL / USDT $4.24 0.26% $146,799
32 Huobi Global FIL / USDD $5.50 0.09% $140,374
33 Coinbase Exchange FIL / BTC $4.24 0.14% $125,484
34 BigONE FIL / USDT $4.23 0.82% $121,761
35 Deepcoin FIL / USDT $4.24 0.09% $113,348
36 Hotbit FIL / USDT $4.36 0.55% $112,419
37 MEXC Global FIL / USDT $4.25 0.05% $111,587
38 Bitget FIL / USDC $4.30 0.38% $106,767
39 Binance FIL / ETH $3.09 0.08% $105,990
40 CITEX FIL / BTC $5.93 0.94% $100,707
41 Kraken FIL / ETH $4.35 0.85% $100,328
42 BtcTurk PRO FIL / TRY $4.26 0.03% $96,614
43 Bitfinex FIL / USD $4.31 0.14% $93,986
44 AEX FIL / USDT $3.92 0.08% $92,795
45 WhiteBIT FIL / USDT $4.25 0.11% $85,173
46 Bitrue FIL / BUSD $4.29 0.23% $74,680
47 OKX FIL / BTC $4.23 0.14% $73,432
48 CoinTiger FIL / USDT $5.41 0.06% $70,529
49 Kraken FIL / USD $4.24 0.07% $64,880
50 Bitvavo FIL / EUR $4.24 0.23% $56,397

FIL Price Statistics

$7
24H Range
$8
  • Filecoin Price Now $7
  • 24h Low / 24h High $7 / $8
  • Trading Volume $588,509,531
  • Market Cap Rank #28
  • Market Cap $3,802,383,582
  • Volume / Market Cap 0.1548
  • All-Time High $237 -96.87%
    Apr 01, 2021
  • All-Time Low $3 180.57%
    Dec 16, 2022


Understanding Filecoin Cryptocurrency

Introduction

Filecoin is a decentralized cryptocurrency that aims to build a decentralized storage network. It operates on the InterPlanetary File System (IPFS), a protocol designed to make the web faster, safer, and more open. Filecoin is built on blockchain technology, which provides transparency, security, and immutability.

How Filecoin Works

Filecoin incentivizes users to provide storage space on their computers and allocate it to the network. This storage space can be in the form of hard drive space or cloud storage. Users are rewarded with Filecoin tokens for providing their storage resources.When someone needs to store a file on the Filecoin network, they submit a storage deal request along with a certain amount of Filecoin tokens. Miners on the network, who have available storage space, can accept these storage deals. Once a deal is accepted, the file is divided into pieces and stored across multiple storage miners.To retrieve the file, the requester pays Filecoin tokens to the miners who stored the file. The network ensures that the file is always accessible by making multiple copies and distributing them across different miners. This redundancy ensures high availability and reliability of stored files.

Benefits of Filecoin

Filecoin provides several key benefits to its users. Firstly, it offers decentralized storage, ensuring that files are not dependent on a single, centralized entity. This decentralized approach reduces the risk of data loss or censorship.Secondly, Filecoin allows users to monetize their excess storage space. By renting out their spare storage, individuals can earn Filecoin tokens, which can be exchanged for other cryptocurrencies or fiat currencies.Furthermore, Filecoin's approach to storage is more cost-effective compared to traditional cloud storage providers. The decentralized network eliminates the need for expensive data centers, reducing storage costs for users.

Conclusion

Filecoin is a promising cryptocurrency with a unique value proposition. By leveraging blockchain and the IPFS, it tackles the challenges associated with centralized storage systems. Its decentralized and incentivized approach provides individuals with the opportunity to monetize their storage resources and creates a more robust and reliable data storage infrastructure.