Siacoin Hits Market Capitalization of $310.64 Million (SC)

Siacoin (SC) traded 1.8% lower against the U.S. dollar during the 24 hour period ending at 10:00 AM ET on January 21st. During the last seven days, Siacoin has traded down 10% against the U.S. dollar. One Siacoin coin can now be purchased for about $0.0054 or 0.00000005 BTC on popular exchanges. Siacoin has a market capitalization of $310.64 million and $44.14 million worth of Siacoin was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 2.9% against the dollar and now trades at $103,430.06 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1% higher against the dollar and now trades at $0.38 or 0.00000364 BTC.
• Litecoin (LTC) traded down 1.1% against the dollar and now trades at $119.65 or 0.00115685 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $9.63 or 0.00009311 BTC.
• Bitcoin Cash (BCH) traded 1.5% lower against the dollar and now trades at $438.85 or 0.00424294 BTC.
• Ethereum Classic (ETC) traded down 0.1% against the dollar and now trades at $26.57 or 0.00025690 BTC.
• Monero (XMR) traded 3.3% higher against the dollar and now trades at $215.96 or 0.00208797 BTC.
• IOTA (MIOTA) traded 5.3% lower against the dollar and now trades at $0.33 or 0.00000316 BTC.
• Bitcoin SV (BSV) traded down 1.8% against the dollar and now trades at $52.11 or 0.00050382 BTC.
• Arweave (AR) traded down 5.4% against the dollar and now trades at $14.49 or 0.00014010 BTC.

About Siacoin

Siacoin (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. The official website for Siacoin 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.”

Buying and Selling Siacoin

It is usually not currently 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, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView