Siacoin (SC) 24 Hour Trading Volume Hits $3.71 Million

Siacoin (SC) traded 0.5% higher against the US dollar during the 1 day period ending at 18:00 PM ET on June 27th. One Siacoin coin can now be purchased for $0.0047 or 0.00000008 BTC on cryptocurrency exchanges. Siacoin has a market cap of $273.06 million and $3.71 million worth of Siacoin was traded on exchanges in the last day. Over the last seven days, Siacoin has traded up 3.2% against the US dollar.

Here’s how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 1.1% against the dollar and now trades at $61,481.14 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.2% against the dollar and now trades at $0.13 or 0.00000203 BTC.
• Bitcoin Cash (BCH) traded up 3% against the dollar and now trades at $388.49 or 0.00632029 BTC.
• Litecoin (LTC) traded 2.5% higher against the dollar and now trades at $72.94 or 0.00118665 BTC.
• UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $5.77 or 0.00009391 BTC.
• Ethereum Classic (ETC) traded 1.2% higher against the dollar and now trades at $24.00 or 0.00039040 BTC.
• Monero (XMR) traded 1.4% higher against the dollar and now trades at $166.60 or 0.00271033 BTC.
• Arweave (AR) traded 0.9% higher against the dollar and now trades at $26.62 or 0.00043302 BTC.
• Bitcoin SV (BSV) traded 0.9% higher against the dollar and now trades at $45.40 or 0.00073868 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It was first traded on June 1st, 2015. Siacoin’s total supply is 57,578,625,000 coins and its circulating supply is 57,551,099,742 coins. The official website for Siacoin is sia.tech. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible 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.”

Siacoin Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView