Siacoin 24 Hour Trading Volume Reaches $4.30 Million (SC)

Siacoin (SC) traded 0.6% higher against the dollar during the twenty-four hour period ending at 10:00 AM Eastern on November 5th. Siacoin has a total market cap of $245.67 million and approximately $4.30 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can currently be purchased for approximately $0.0043 or 0.00000006 BTC on major exchanges. In the last week, Siacoin has traded down 10.4% against the dollar.

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

• Bitcoin (BTC) traded 2.2% higher against the dollar and now trades at $69,828.35 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 13% higher against the dollar and now trades at $0.18 or 0.00000252 BTC.
• Bitcoin Cash (BCH) traded up 1.9% against the dollar and now trades at $342.63 or 0.00490678 BTC.
• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $6.05 or 0.00008669 BTC.
• Litecoin (LTC) traded 0.2% lower against the dollar and now trades at $66.48 or 0.00095211 BTC.
• Monero (XMR) traded up 0.5% against the dollar and now trades at $161.23 or 0.00230896 BTC.
• Ethereum Classic (ETC) traded 2.1% higher against the dollar and now trades at $18.14 or 0.00025979 BTC.
• Bitcoin SV (BSV) traded up 2.9% against the dollar and now trades at $47.32 or 0.00067759 BTC.
• Arweave (AR) traded up 1.1% against the dollar and now trades at $13.87 or 0.00019863 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

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 57,769,785,000 coins and its circulating supply is 57,740,391,700 coins. 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. 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 GDAX, Gemini or Coinbase. 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