Siacoin (SC) Price Tops $0.0044 on Top Exchanges

Siacoin (SC) traded down 0.3% against the U.S. dollar during the 24-hour period ending at 15:00 PM ET on August 4th. One Siacoin coin can now be bought for $0.0044 or 0.00000007 BTC on popular exchanges. Siacoin has a total market cap of $251.84 million and $4.65 million worth of Siacoin was traded on exchanges in the last 24 hours. Over the last week, Siacoin has traded down 19.4% against the U.S. dollar.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 1.6% lower against the dollar and now trades at $59,319.61 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.4% lower against the dollar and now trades at $0.10 or 0.00000177 BTC.
• Bitcoin Cash (BCH) traded 3% lower against the dollar and now trades at $348.81 or 0.00588025 BTC.
• UNUS SED LEO (LEO) traded up 0% against the dollar and now trades at $5.66 or 0.00009547 BTC.
• Litecoin (LTC) traded 0.5% higher against the dollar and now trades at $63.53 or 0.00107105 BTC.
• Ethereum Classic (ETC) traded down 1% against the dollar and now trades at $19.21 or 0.00032378 BTC.
• Monero (XMR) traded down 0.7% against the dollar and now trades at $149.52 or 0.00252056 BTC.
• Arweave (AR) traded 3.2% lower against the dollar and now trades at $21.62 or 0.00036447 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 2.9% lower against the dollar and now trades at $40.96 or 0.00069058 BTC.

About Siacoin

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.”

Siacoin Coin Trading

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, Coinbase or GDAX. 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