Siacoin (SC) Trading Up 3.4% Over Last Week

Siacoin (SC) traded 2.9% lower against the U.S. dollar during the 24 hour period ending at 10:00 AM ET on May 9th. Siacoin has a total market capitalization of $398.04 million and approximately $7.01 million worth of Siacoin was traded on exchanges in the last day. Over the last week, Siacoin has traded up 3.4% against the U.S. dollar. One Siacoin coin can now be purchased for approximately $0.0070 or 0.00000011 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 1.5% lower against the dollar and now trades at $61,117.61 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.7% against the dollar and now trades at $0.15 or 0.00000240 BTC.
• Bitcoin Cash (BCH) traded 3.4% lower against the dollar and now trades at $445.23 or 0.00729617 BTC.
• Litecoin (LTC) traded down 0.8% against the dollar and now trades at $81.30 or 0.00133230 BTC.
• UNUS SED LEO (LEO) traded 0.5% higher against the dollar and now trades at $5.94 or 0.00009728 BTC.
• Ethereum Classic (ETC) traded 3.2% lower against the dollar and now trades at $26.95 or 0.00044162 BTC.
• Arweave (AR) traded up 1.4% against the dollar and now trades at $38.03 or 0.00062317 BTC.
• Monero (XMR) traded 1.9% higher against the dollar and now trades at $130.25 or 0.00213452 BTC.
• Bitcoin SV (BSV) traded 2% lower against the dollar and now trades at $62.80 or 0.00102914 BTC.
• eCash (XEC) traded down 2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Siacoin Profile

Siacoin (CRYPTO:SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It was first traded on June 1st, 2015. Siacoin’s total supply is 57,234,315,000 coins and its circulating supply is 57,208,137,900 coins. 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. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible 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 buy alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to acquire Siacoin should first buy 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 buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView