Siacoin Tops 24-Hour Trading Volume of $4.76 Million (SC)

Siacoin (SC) traded up 2% against the US dollar during the 24 hour period ending at 17:00 PM Eastern on September 17th. Siacoin has a total market cap of $244.82 million and $4.76 million worth of Siacoin was traded on exchanges in the last day. During the last seven days, Siacoin has traded down 1.7% against the US dollar. One Siacoin coin can now be purchased for about $0.0042 or 0.00000007 BTC on popular cryptocurrency exchanges.

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

• Bitcoin (BTC) traded up 4.1% against the dollar and now trades at $60,331.05 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.5% against the dollar and now trades at $0.10 or 0.00000168 BTC.
• Bitcoin Cash (BCH) traded 1.4% higher against the dollar and now trades at $314.58 or 0.00521426 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $5.71 or 0.00009459 BTC.
• Litecoin (LTC) traded up 2.1% against the dollar and now trades at $63.62 or 0.00105452 BTC.
• Monero (XMR) traded up 0.5% against the dollar and now trades at $171.81 or 0.00284771 BTC.
• Ethereum Classic (ETC) traded 2.1% higher against the dollar and now trades at $18.05 or 0.00029921 BTC.
• Arweave (AR) traded down 0.5% against the dollar and now trades at $18.64 or 0.00030891 BTC.
• Bitcoin SV (BSV) traded 3.2% higher against the dollar and now trades at $47.35 or 0.00078483 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

Siacoin 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. 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.”

Buying and Selling Siacoin

It is usually not possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. 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