Siacoin (SC) Hits Market Capitalization of $237.35 Million

Siacoin (SC) traded 0.4% higher against the U.S. dollar during the 1 day period ending at 20:00 PM Eastern on September 7th. One Siacoin coin can now be bought for approximately $0.0041 or 0.00000008 BTC on major cryptocurrency exchanges. Over the last seven days, Siacoin has traded 3.1% lower against the U.S. dollar. Siacoin has a total market capitalization of $237.35 million and approximately $2.48 million worth of Siacoin was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 0.4% against the dollar and now trades at $54,119.97 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.8% higher against the dollar and now trades at $0.0952 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded 1.5% higher against the dollar and now trades at $299.18 or 0.00552807 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $5.45 or 0.00010076 BTC.
• Litecoin (LTC) traded 1.9% lower against the dollar and now trades at $61.96 or 0.00114479 BTC.
• Monero (XMR) traded up 1.5% against the dollar and now trades at $168.52 or 0.00311377 BTC.
• Ethereum Classic (ETC) traded 1.4% higher against the dollar and now trades at $17.60 or 0.00032514 BTC.
• Arweave (AR) traded down 1.8% against the dollar and now trades at $19.63 or 0.00036275 BTC.
• Bitcoin SV (BSV) traded 1.1% lower against the dollar and now trades at $44.16 or 0.00081605 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin 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 57,769,785,000 coins and its circulating supply is 57,740,391,700 coins. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. Siacoin’s official website is sia.tech.

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 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 GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView