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Filecoin is a blockchain-based peer-to-peer digital storage marketplace. You can rent out the unused hard disk space on the protocol created by Protocol Labs, INC. Protocol Labs, INC is founded in San Francisco by Stanford graduate Juan Bennet. Filecoin's protocol is a key improvement in decentralized internet by providing an option for cloud storage services in competition with big corporates.
With a total market cap of over $2.3 billion, Filecoin is the No. 29 cryptocurrency by market size. The currency symbol for Filecoin is FIL. There will only ever be 1.96 billion Filecoin tokens issued. So far 410 million tokens (20.9% of the total supply) have been issued.
Filecoin here refers to the mainnet token that went live approximately 15 October 2020 at 14:45 UTC.
We found savings accounts offering up to 3.5% APR on Filecoin deposits and loans as low as 11.7% APY against Filecoin used as collateral. Check out our Filecoin staking yields table and Filecoin loan rates table for further details.
The technical price analysis for Filecoin below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Filecoin.
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