Siacoin Tops 24-Hour Trading Volume of $2.79 Million (SC)

Siacoin (SC) traded 4.8% lower against the U.S. dollar during the 24 hour period ending at 20:00 PM Eastern on July 3rd. One Siacoin coin can currently be bought for approximately $0.0044 or 0.00000007 BTC on major cryptocurrency exchanges. Siacoin has a market cap of $253.67 million and $2.79 million worth of Siacoin was traded on exchanges in the last day. In the last week, Siacoin has traded down 4.9% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded down 2.9% against the dollar and now trades at $60,350.70 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.1% lower against the dollar and now trades at $0.12 or 0.00000197 BTC.
• Bitcoin Cash (BCH) traded 2.2% lower against the dollar and now trades at $373.36 or 0.00618650 BTC.
• Litecoin (LTC) traded 4.9% lower against the dollar and now trades at $72.18 or 0.00119597 BTC.
• UNUS SED LEO (LEO) traded up 0.6% against the dollar and now trades at $5.81 or 0.00009635 BTC.
• Ethereum Classic (ETC) traded 2.9% lower against the dollar and now trades at $22.58 or 0.00037422 BTC.
• Monero (XMR) traded 1.4% lower against the dollar and now trades at $165.93 or 0.00274948 BTC.
• Arweave (AR) traded down 9.1% against the dollar and now trades at $26.28 or 0.00043541 BTC.
• Bitcoin SV (BSV) traded down 4.4% against the dollar and now trades at $42.65 or 0.00070663 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin 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 57,605,385,000 coins and its circulating supply is 57,576,942,844 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. 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 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 Gemini, Changelly or Coinbase. 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