Filecoin (FIL) is a cryptocurrency launched in 2020. Users are able to generate FIL through the process of mining. Filecoin has a current supply of 1,959,534,660 with 659,239,633 in circulation. The last known price of Filecoin is 2.59612647 USD and is down -2.07 over the last 24 hours. It is currently trading on 594 active market(s) with $98,105,752.59 traded over the last 24 hours. More information can be found at https://filecoin.io/.
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TL;DR Renewed investor interest in AI-related tokens has triggered strong price increases for assets like TAO (+14.19%), (+9.67%) and FIL (+6.47%). This surge is linked to Nvidia's recent visit to China and Bitcoin's current market stability.
The crypto market registered a marginal uptick over the past 24 hours, entering a period of relative calmness after witnessing considerable movement over the past week. The market cap dropped to $2.5 trillion before rising to $2.71 trillion and then correcting to the $2.65 trillion zone.
The crypto market's volatility continues, compounded by the absence of bullish signals from broader financial markets. While altcoins are becoming less dependent on external developments, they are increasingly relying on internal network progress to drive price movement.
The crypto market has registered a marginal increase as most cryptocurrencies, including Bitcoin (BTC), remained steady over the weekend. The crypto market cap currently sits at $2.69 trillion.