Siacoin Price Hits $0.0046 on Top Exchanges (SC)

Siacoin (SC) traded 1.1% lower against the US dollar during the 1-day period ending at 10:00 AM E.T. on November 1st. One Siacoin coin can now be bought for $0.0046 or 0.00000006 BTC on popular cryptocurrency exchanges. In the last week, Siacoin has traded 5.1% lower against the US dollar. Siacoin has a total market cap of $263.92 million and approximately $3.85 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 0.9% against the dollar and now trades at $70,476.19 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.6% against the dollar and now trades at $0.16 or 0.00000231 BTC.
• Bitcoin Cash (BCH) traded down 5.4% against the dollar and now trades at $353.12 or 0.00501047 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $6.05 or 0.00008589 BTC.
• Litecoin (LTC) traded 1.7% lower against the dollar and now trades at $70.14 or 0.00099529 BTC.
• Monero (XMR) traded 1.4% lower against the dollar and now trades at $156.92 or 0.00222654 BTC.
• Ethereum Classic (ETC) traded 3.2% lower against the dollar and now trades at $18.59 or 0.00026380 BTC.
• Arweave (AR) traded 2.5% lower against the dollar and now trades at $15.65 or 0.00022208 BTC.
• Bitcoin SV (BSV) traded 3.6% lower against the dollar and now trades at $50.65 or 0.00071871 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

SC is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It launched on 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 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.

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

SC/USD price chart by TradingView