Siacoin Trading Down 17.7% This Week (SC)

Siacoin (SC) traded 3.4% lower against the dollar during the 1-day period ending at 21:00 PM ET on August 7th. During the last seven days, Siacoin has traded 17.7% lower against the dollar. Siacoin has a market cap of $239.14 million and $4.44 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can now be purchased for approximately $0.0041 or 0.00000007 BTC on popular exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 0.5% lower against the dollar and now trades at $55,790.18 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.5% against the dollar and now trades at $0.0967 or 0.00000173 BTC.
• Bitcoin Cash (BCH) traded 2% higher against the dollar and now trades at $319.07 or 0.00571912 BTC.
• UNUS SED LEO (LEO) traded down 3.2% against the dollar and now trades at $5.78 or 0.00010355 BTC.
• Litecoin (LTC) traded down 2.1% against the dollar and now trades at $56.66 or 0.00101566 BTC.
• Monero (XMR) traded up 0.1% against the dollar and now trades at $148.21 or 0.00265650 BTC.
• Ethereum Classic (ETC) traded up 0.9% against the dollar and now trades at $18.23 or 0.00032671 BTC.
• Arweave (AR) traded 2% lower against the dollar and now trades at $19.89 or 0.00035647 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 4.3% against the dollar and now trades at $38.84 or 0.00069624 BTC.

About Siacoin

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. 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 buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView