Siacoin 24 Hour Trading Volume Tops $5.89 Million (SC)

Siacoin (SC) traded 0% higher against the US dollar during the 1 day period ending at 9:00 AM ET on April 27th. Siacoin has a total market capitalization of $417.93 million and $5.89 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can currently be purchased for approximately $0.0073 or 0.00000012 BTC on exchanges. Over the last week, Siacoin has traded up 2.4% against the US dollar.

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

• Bitcoin (BTC) traded down 1.2% against the dollar and now trades at $63,059.00 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.5% lower against the dollar and now trades at $0.15 or 0.00000231 BTC.
• Bitcoin Cash (BCH) traded down 1% against the dollar and now trades at $472.60 or 0.00749453 BTC.
• Litecoin (LTC) traded down 3.2% against the dollar and now trades at $84.73 or 0.00134360 BTC.
• UNUS SED LEO (LEO) traded 1.5% lower against the dollar and now trades at $5.81 or 0.00009218 BTC.
• Ethereum Classic (ETC) traded 0.8% higher against the dollar and now trades at $26.80 or 0.00042505 BTC.
• Monero (XMR) traded 0.7% lower against the dollar and now trades at $120.38 or 0.00190898 BTC.
• Arweave (AR) traded 0.2% lower against the dollar and now trades at $32.11 or 0.00050925 BTC.
• Bitcoin SV (BSV) traded 0.1% lower against the dollar and now trades at $65.23 or 0.00103442 BTC.
• eCash (XEC) traded down 1.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Siacoin Profile

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 57,051,585,000 coins and its circulating supply is 57,024,855,112 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. Siacoin’s official website 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 possible to buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView