Understanding FIL (Filecoin) Market Performance
FIL, the native cryptocurrency of the Filecoin network, currently trades at approximately $2.3157, showing a -3.85% change in value. As the 50th ranked cryptocurrency by market capitalization, FIL plays a significant role in decentralized storage solutions.
Key FIL Metrics
- Circulating Supply: 648,331,491 FIL
- 24H Trading Volume: 60,684,400 FIL
- 24H Price Range: Significant volatility with +5.97% price amplitude
- BTC Correlation: -0.46 (showing inverse relationship with Bitcoin)
- All-Time High: Reached in April 2021
- Investment Return: Currently shows -91.34% from peak
👉 Discover how Filecoin compares to other storage tokens
Filecoin Market Dynamics
Liquidity Indicators
The 24H turnover rate (a measure of trading frequency) helps investors understand market activity. This metric calculates as:
(24H Trading Volume / Circulating Market Cap) * 100%
Historical Price Trends
- 30-Day Range: Shows typical monthly volatility
- 90-Day Range: Reveals longer-term price movements
- ATH Drop: Percentage decline from all-time high
Trading Platform Comparison
| Exchange | Latest Price (¥) | 24H Volume | 24H Value (¥) | Market Share |
|---|---|---|---|---|
| Data currently unavailable | – | – | – | – |
👉 Explore top platforms for FIL trading
FIL Historical Performance
Monthly Performance Trends
While specific monthly data isn’t currently available, Filecoin has shown:
– Significant spikes during bull markets
– Correlation with broader crypto market trends
– Unique movements based on network adoption metrics
Annual Price Extremes
- Record High: Achieved during the 2021 crypto bull run
- Record Low: Touched during market corrections
Frequently Asked Questions
Q: What factors influence FIL’s price?
A: Filecoin’s value responds to network storage demand, crypto market trends, and decentralized storage competition.
Q: How does Filecoin’s circulating supply affect its price?
A: With 648 million FIL circulating (and maximum supply capped), scarcity principles apply, though adoption rate remains crucial.
Q: Why does FIL show negative correlation with Bitcoin?
A: The -0.46 correlation suggests FIL sometimes moves opposite to BTC, possibly due to its utility-focused nature versus BTC’s store-of-value role.
Q: What does the -91.34% investment return indicate?
A: This shows current price compared to all-time high, reflecting the crypto market’s cyclical nature.
Q: How reliable are Filecoin’s price predictions?
A: Like all cryptocurrencies, FIL’s future price depends on adoption, technology developments, and market conditions – predictions carry high uncertainty.
Q: Where can I track real-time FIL data?
A: Reputable crypto analytics platforms provide updated metrics, though investors should verify information across multiple sources.
Important Disclaimer
All financial data and market information provided serves educational purposes only. Cryptocurrency investments carry substantial risk, and readers should conduct thorough independent research before making financial decisions. No content here constitutes investment advice or recommendations.