Siacoin (SC) Reaches Market Cap of $604.85 Million

Siacoin (SC) traded 1.5% higher against the U.S. dollar during the 24 hour period ending at 21:00 PM ET on March 28th. One Siacoin coin can now be purchased for $0.0107 or 0.00000015 BTC on popular exchanges. In the last seven days, Siacoin has traded 16.9% higher against the U.S. dollar. Siacoin has a total market capitalization of $604.85 million and approximately $52.11 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 2.1% against the dollar and now trades at $70,886.94 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 9.3% higher against the dollar and now trades at $0.22 or 0.00000313 BTC.
• Bitcoin Cash (BCH) traded up 6.2% against the dollar and now trades at $570.32 or 0.00804629 BTC.
• Litecoin (LTC) traded 0.9% lower against the dollar and now trades at $94.50 or 0.00133328 BTC.
• UNUS SED LEO (LEO) traded down 0.4% against the dollar and now trades at $6.04 or 0.00008527 BTC.
• Ethereum Classic (ETC) traded up 1.9% against the dollar and now trades at $32.54 or 0.00045914 BTC.
• Arweave (AR) traded 3.6% lower against the dollar and now trades at $42.03 or 0.00059294 BTC.
• Monero (XMR) traded down 2.2% against the dollar and now trades at $135.68 or 0.00191423 BTC.
• Conflux (CFX) traded up 1% against the dollar and now trades at $0.49 or 0.00000684 BTC.
• Bitcoin SV (BSV) traded up 4.7% against the dollar and now trades at $94.35 or 0.00133114 BTC.

Siacoin Profile

Siacoin (CRYPTO:SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch date was June 1st, 2015. Siacoin’s total supply is 56,791,965,000 coins and its circulating supply is 56,766,299,666 coins. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here. Siacoin’s official website is sia.tech. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here.

According to CryptoCompare, “Siacoin (SC) is the native token of the Sia network, a decentralized storage platform facilitating global disk storage contributions to create a secure and private alternative to centralized cloud storage. Users can rent storage from hosts using Siacoin, with transactions managed by smart storage contracts on the Sia blockchain. These contracts ensure that hosts are paid only after securely storing a client’s file for a specified duration, incentivizing reliable storage. The concept for Sia and Siacoin was conceived by David Vorick and Luke Champine, founders of Skynet Labs, at an MIT hackathon in 2013. Skynet Labs, formerly Nebulous, continues to evolve the platform, aiming to build a decentralized internet through its application hosting and storage.”

Buying and Selling Siacoin

It is usually not currently possible to buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView