Filecoin (FIL) shot up nearly 100% this week and was trading 31% higher at $10.93 at press time.
FIL surged at press time even as major coins declined and the global cryptocurrency market cap fell 0.9% to $1.1 trillion.
Filecoin (FIL) Price Performance
Time-frame
% Change (+/-)
24-hour
31%
24-hour against Bitcoin (CRYPTO: BTC)
35.1%
24-hour against Ethereum (CRYPTO: ETH)
33.4%
7-day
99.3%
30-day
112.4%
YTD-performance
-69%
See Also: How To Get Free Crypto
The Filecoin Factors
Filecoin was trending among retail investors on Stocktwits at press time. The token was the top 24-hour gainer on CoinMarketCap and also topped the trending list on the price tracking website. It was also noted as trending on CoinGecko.
The 24-hour trading volume for FIL jumped 32.2% to $2.12 billion, according to CoinMarketCap.
Coinglass data indicated that $12.01 million …
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