Filecoin (FIL) traded up 2.7% against the U.S. dollar during the 1 day period ending at 8:00 AM ET on August 8th. Filecoin has a total market capitalization of $584.85 million and approximately $57.71 million worth of Filecoin was traded on exchanges in the last day. Over the last week, Filecoin has traded up 0.6% against the U.S. dollar. Filecoin miners compete to mine blocks with sizable rewards, but Filecoin mining power is proportional to active storage, which directly provides a useful service to clients. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Filecoin using one of the aforementioned exchanges.