Cryptocurrency Filecoin Falls More Than 5% In 24 hours

from filecoin FIL/USD price has decreased by 5.71% in the last 24 hours to $4.57. This is contrary to the coin's performance over the past week, where it experienced a 15.0% uptrend, moving from $4.04 to its current price.

The chart below compares Filecoin's price movement and volatility over the past 24 hours (left) to its price movement over the past week (right). The gray bands are the Bollinger Bands, which measure the volatility of daily and weekly price movements. The wider the bands, or the larger the gray area at any given time, the higher the volatility.

Trading volume for the coin has risen 197.0% over the past week, pulling away from the circulating supply of the coin, which has declined 0.23%. This brings the circulating supply to 433.56 million, which is about 22.1% of its peak supply of 1.960 million. Based on our data, the current market cap rank for FIL is #31 at $1.98 billion.

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

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