Siacoin (SC) Trading Up 4.7% Over Last 7 Days

Siacoin (SC) traded up 2.9% against the U.S. dollar during the 24-hour period ending at 10:00 AM Eastern on July 23rd. During the last week, Siacoin has traded 4.7% higher against the U.S. dollar. Siacoin has a total market cap of $307.06 million and $27.56 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can currently be bought for approximately $0.0053 or 0.00000008 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 0.6% higher against the dollar and now trades at $67,336.94 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2% lower against the dollar and now trades at $0.13 or 0.00000199 BTC.
• Bitcoin Cash (BCH) traded 1% lower against the dollar and now trades at $383.82 or 0.00570530 BTC.
• Litecoin (LTC) traded up 1.1% against the dollar and now trades at $72.92 or 0.00108390 BTC.
• UNUS SED LEO (LEO) traded down 0.3% against the dollar and now trades at $5.76 or 0.00008556 BTC.
• Ethereum Classic (ETC) traded 4.7% higher against the dollar and now trades at $24.48 or 0.00036393 BTC.
• Monero (XMR) traded 0.8% lower against the dollar and now trades at $160.80 or 0.00239017 BTC.
• Arweave (AR) traded 1.8% lower against the dollar and now trades at $31.35 or 0.00046596 BTC.
• Bitcoin SV (BSV) traded down 0.5% against the dollar and now trades at $45.58 or 0.00067752 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

SC 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. 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 currently possible to purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView