Siacoin (SC) One Day Trading Volume Tops $39.61 Million

Siacoin (SC) traded down 19.8% against the U.S. dollar during the one day period ending at 8:00 AM ET on November 21st. During the last seven days, Siacoin has traded 6.3% higher against the U.S. dollar. Siacoin has a total market capitalization of $246.69 million and $39.61 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can now be purchased for approximately $0.0044 or 0.00000012 BTC on exchanges.

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

• Bitcoin (BTC) traded down 0.2% against the dollar and now trades at $37,162.43 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.6% lower against the dollar and now trades at $0.0766 or 0.00000206 BTC.
• Litecoin (LTC) traded up 1.3% against the dollar and now trades at $71.34 or 0.00191977 BTC.
• Bitcoin Cash (BCH) traded up 1.5% against the dollar and now trades at $233.01 or 0.00627016 BTC.
• UNUS SED LEO (LEO) traded 0.4% higher against the dollar and now trades at $3.94 or 0.00010615 BTC.
• Monero (XMR) traded 0.7% higher against the dollar and now trades at $164.90 or 0.00443715 BTC.
• Ethereum Classic (ETC) traded down 1.6% against the dollar and now trades at $19.26 or 0.00051833 BTC.
• DEI (DEI) traded 6.6% lower against the dollar and now trades at $0.0113 or 0.00000030 BTC.
• Bitcoin SV (BSV) traded down 0% against the dollar and now trades at $48.20 or 0.00129704 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. It launched on June 1st, 2015. Siacoin’s total supply is 55,712,175,000 coins and its circulating supply is 55,687,698,406 coins. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here. Siacoin’s official website 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 presently 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 Coinbase, GDAX or Gemini. 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