Siacoin (SC) Price Hits $0.0052

Siacoin (SC) traded up 3.2% against the US dollar during the 1 day period ending at 22:00 PM E.T. on July 16th. One Siacoin coin can currently be bought for $0.0052 or 0.00000008 BTC on major cryptocurrency exchanges. Over the last week, Siacoin has traded 21.7% higher against the US dollar. Siacoin has a market cap of $300.27 million and $29.75 million worth of Siacoin was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 1.8% higher against the dollar and now trades at $65,779.56 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.9% higher against the dollar and now trades at $0.13 or 0.00000192 BTC.
• Bitcoin Cash (BCH) traded down 0.9% against the dollar and now trades at $394.10 or 0.00599131 BTC.
• Litecoin (LTC) traded 1.3% higher against the dollar and now trades at $73.92 or 0.00112381 BTC.
• UNUS SED LEO (LEO) traded down 1.9% against the dollar and now trades at $5.78 or 0.00008780 BTC.
• Ethereum Classic (ETC) traded 0.2% lower against the dollar and now trades at $23.79 or 0.00036170 BTC.
• Monero (XMR) traded up 0.5% against the dollar and now trades at $161.60 or 0.00245669 BTC.
• Arweave (AR) traded 11.9% higher against the dollar and now trades at $31.36 or 0.00047682 BTC.
• Bitcoin SV (BSV) traded up 4.3% against the dollar and now trades at $46.59 or 0.00070834 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

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 57,769,755,000 coins and its circulating supply is 57,740,361,723 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.”

Siacoin Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX 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