Filecoin (FIL) price, chart, coin profile and news

Find the latest Filecoin (FIL) price, coin profile, news and history to get you started with Filecoin trading and investing.

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Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

What is Filecoin?

Filecoin aims to decentralise web storage, providing an alternative to cloud computing services like Amazon Web Services as well as content delivery networks like Cloudflare. Filecoin allows almost anyone to provide storage in return for cryptocurrency. This means the Filecoin network is made up of a wide range of storage providers, from dedicated companies with fully fledged data centres to home users offering up the spare space on their home PC.

Filecoin is essentially a network of miners who provide storage and retrieval services, and clients, who utilise the storage available. It runs on the InterPlanetary File System (IPFS) protocol which connects users in a peer-to-peer manner. For instance, a server farm might take advantage of the Filecoin network to make money off its unused storage space, while a video streaming platform might pay to store its content there. Payment is settled in FIL, the native token of the Filecoin platform.

Filecoin (FIL) is the 43rd largest cryptocurrency in the world by market cap, valued at $1,667,522,361. The current price of Filecoin is $8.09, which is 2.646% higher than yesterday. Prices have ranged between $8.18 and $7.46 over the past 24 hours. All prices are listed in US dollars and accurate as of May 19, 2022 07:05 UTC.

Filecoin (FIL) price

Use our graph to track the performance of (FIL) over time.

Filecoin at a glance

Information last updated May 19, 2022 07:05 UTC.
Coin symbol FIL
Coin Marketcap US$1,667,522,361
Total FIL supply 1,969,431,111
Circulating FIL 205,949,444
Current price US$8.09
All time high US$236.84
Notable team members Juan Benet
Partnerships Flow, Protocol Labs, NEAR
Industry Decentralised cloud storage
Token uses Rewards, payments
Network Filecoin

Filecoin price performance over time

Historical prices compared with the price of US$8.09.

1 hour 0.17%
24 hours 2.65%
7 days -4.97%
14 days -48.43%
30 days -58.78%
60 days -55.39%
200 days -86.50%
1 year -91.95%

Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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