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Filecoin (FIL)
Current Price and Data (May 20, 2025, 08:53):
* Current Price (approx): 2.87 - 2.89 USD
* Market Cap (approx): 1.91 - 1.92 Billion USD
* 24-Hour Trading Volume (approx): 123 - 159 Million USD
* Circulating Supply (approx): 667 - 668 Million FIL
* Total Supply : 1.96 Billion FIL
* Ranking : Around 48-50
Key Data:
* Filecoin saw its all-time high price on March 31, 2021 at around 237 USD.
* There has been a decrease of around 45-54% in the price of FIL in the last 1 year. However, there has been an increase of around 8-25% in the last 1 month. This data reflects the volatility of the cryptocurrency market.
Filecoin Advantages:
* Decentralization: Since data is not stored in a single point, it is more resistant to censorship and a single point of failure.
* Cost Effectiveness: Thanks to the competitive market, storage costs can be more affordable than traditional cloud storage solutions.
* Security: Data integrity and confidentiality are ensured with cryptographic proofs and end-to-end encryption.
* Efficiency: It is aimed to use resources more efficiently by evaluating unused storage areas.
Conclusion:
Filecoin offers an innovative solution in the field of decentralized storage. Being built on the IPFS protocol and bringing storage providers and customers together with economic incentives increases the potential of the project.