Rank # 83

Filecoin

(FIL)

$0.973

-3.0%

Market Cap

$741,406,122

Circulating Supply

762,198,863

24 Hour High

$1.004

24 Hour Low

$0.954

24h

7d

30d

-3.0%

11.9%

1.8%

The Filecoin network achieves staggering economies of scale by allowing anyone worldwide to participate as storage providers. It also makes storage resemble a commodity or utility by decoupling hard-drive space from additional services. On this robust global market the price of storage will be driven by supply and demand, not corporate pricing departments, and miners will compete on factors like reputation for reliability as well as price.