Rank # 48

Filecoin

(FIL)

$3.73

3.4%

Market Cap

$2,230,168,478

Circulating Supply

597,444,636

24 Hour High

$3.83

24 Hour Low

$3.57

24h

7d

30d

3.4%

2.6%

1.7%

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.