Siacoin (SC) One Day Trading Volume Tops $12.66 Million

Siacoin (SC) traded 1.8% higher against the dollar during the 24 hour period ending at 23:00 PM Eastern on July 23rd. Siacoin has a market cap of $303.51 million and $12.66 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can now be bought for about $0.0053 or 0.00000008 BTC on popular cryptocurrency exchanges. During the last week, Siacoin has traded 1.4% higher against the dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 2.3% lower against the dollar and now trades at $66,061.58 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.7% against the dollar and now trades at $0.13 or 0.00000199 BTC.
• Bitcoin Cash (BCH) traded down 4.2% against the dollar and now trades at $368.72 or 0.00558146 BTC.
• Litecoin (LTC) traded 0.8% higher against the dollar and now trades at $72.71 or 0.00110060 BTC.
• UNUS SED LEO (LEO) traded up 0.7% against the dollar and now trades at $5.83 or 0.00008820 BTC.
• Ethereum Classic (ETC) traded down 2.3% against the dollar and now trades at $23.82 or 0.00036057 BTC.
• Monero (XMR) traded up 0.4% against the dollar and now trades at $161.13 or 0.00243914 BTC.
• Arweave (AR) traded 1.9% lower against the dollar and now trades at $31.38 or 0.00047496 BTC.
• Bitcoin SV (BSV) traded 2.6% lower against the dollar and now trades at $44.71 or 0.00067672 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its genesis date was June 1st, 2015. Siacoin’s total supply is 57,769,755,000 coins and its circulating supply is 57,740,361,723 coins. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. The official website for Siacoin is sia.tech. 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.”

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView