Filecoin (FIL) is a decentralized storage network designed to turn cloud storage into an algorithmic market. It allows users to rent out their spare storage space, creating a decentralized marketplace for storage. This article provides an in-depth look at FIL's latest price, historical trends, and key metrics to help you understand its market behavior.
Current FIL Market Overview
As of the latest data, FIL is trading at approximately $2.3973. It has shown a positive movement of +8.37% in recent trading sessions. The coin holds the 51st position in global market capitalization rankings.
Key metrics include:
- Circulating Supply: 648,331,491 FIL
- 24H Trading Volume: Data not available (NaN)
- Market Capitalization: Not specified in the latest update
- 24H High and Low: Specific values are currently unavailable
The turnover rate, which indicates the frequency of trading within 24 hours, is a key indicator of liquidity. However, precise figures for recent trading volume and value are not provided in the source data.
Historical Price Performance
FIL has experienced significant volatility since its inception. The all-time high price was recorded on April 2, 2021, though the exact value is not specified in the current data. Conversely, the historical low was noted on June 23, 2025, with details yet to be updated.
The investment return currently stands at -91.03%, reflecting the challenges and fluctuations faced by the asset over time. The correlation with Bitcoin is -0.46, suggesting a degree of independence from BTC's price movements.
Monthly and Annual Trends
Historical data from 2019 and 2020 show varying monthly performances, but specific percentage changes are not detailed in the provided information. Annual highs and lows provide context for long-term trends, emphasizing the importance of tracking these metrics for informed decision-making.
Trading Platforms and Pairs
FIL is traded on multiple exchanges, each contributing to its overall trading volume and liquidity. The distribution of trading pairs across different platforms affects price discovery and market efficiency. For the most accurate and real-time trading data, consider using reliable market analysis tools. 👉 Explore real-time market tools
Market Analysis and Insights
Understanding FIL's price movements requires analyzing both technical indicators and fundamental factors. Key aspects to consider include:
- Network Activity: Adoption rates and usage of the Filecoin network.
- Market Sentiment: News, developments, and community engagement.
- Technical Developments: Upgrades and improvements to the protocol.
These elements collectively influence FIL's market performance and investor confidence.
Frequently Asked Questions
What is Filecoin (FIL)?
Filecoin is a decentralized storage network that allows users to buy and sell unused storage space. It aims to create a efficient and secure marketplace for data storage using blockchain technology.
How is FIL's price determined?
FIL's price is determined by supply and demand dynamics on various cryptocurrency exchanges. Factors include market sentiment, network usage, and overall crypto market trends.
What was FIL's all-time high price?
FIL reached its all-time high on April 2, 2021. The exact price is not specified in the current data, but it represents a peak in its historical performance.
Why is FIL's investment return negative?
The negative investment return reflects price declines from previous highs. Market volatility, project developments, and broader economic conditions contribute to these fluctuations.
How can I track FIL's real-time price?
You can monitor FIL's real-time price and trading volume on major cryptocurrency tracking websites and exchanges. These platforms provide up-to-date data and analytical tools.
What factors influence FIL's price?
Key factors include network adoption, technological advancements, market sentiment, regulatory news, and overall conditions in the cryptocurrency market.
Conclusion
Filecoin (FIL) remains a significant player in the decentralized storage sector. Its price history shows considerable volatility, with periods of highs and lows. For investors and enthusiasts, staying informed through reliable data sources and market analysis is crucial. 👉 Get advanced market insights
Remember, cryptocurrency investments involve risks, and it's essential to conduct thorough research and consider professional advice before making any financial decisions.