Siacoin Market Capitalization Reaches $250.83 Million (SC)

Siacoin (SC) traded down 1.6% against the dollar during the one day period ending at 19:00 PM Eastern on August 15th. One Siacoin coin can now be bought for approximately $0.0043 or 0.00000008 BTC on major cryptocurrency exchanges. Over the last week, Siacoin has traded 2.6% lower against the dollar. Siacoin has a total market cap of $250.83 million and $3.23 million worth of Siacoin was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 1.7% lower against the dollar and now trades at $57,777.86 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.2% against the dollar and now trades at $0.10 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded down 0.9% against the dollar and now trades at $335.69 or 0.00580864 BTC.
• UNUS SED LEO (LEO) traded up 0.2% against the dollar and now trades at $5.87 or 0.00010158 BTC.
• Litecoin (LTC) traded up 2.1% against the dollar and now trades at $65.36 or 0.00113104 BTC.
• Ethereum Classic (ETC) traded down 1.3% against the dollar and now trades at $18.63 or 0.00032245 BTC.
• Monero (XMR) traded down 1.4% against the dollar and now trades at $149.13 or 0.00258055 BTC.
• Arweave (AR) traded up 0.7% against the dollar and now trades at $21.28 or 0.00036830 BTC.
• Bitcoin SV (BSV) traded down 0.6% against the dollar and now trades at $43.14 or 0.00074645 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

SC is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch date was June 1st, 2015. Siacoin’s total supply is 57,769,785,000 coins and its circulating supply is 57,740,391,700 coins. Siacoin’s official website 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 acquire Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView