Siacoin One Day Volume Tops $1.04 Million (SC)

Siacoin (SC) traded down 1.6% against the dollar during the 24-hour period ending at 17:00 PM ET on August 19th. During the last week, Siacoin has traded down 1.4% against the dollar. One Siacoin coin can currently be bought for approximately $0.0044 or 0.00000007 BTC on cryptocurrency exchanges. Siacoin has a market cap of $251.53 million and $1.04 million worth of Siacoin was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 0.5% lower against the dollar and now trades at $59,064.66 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.5% against the dollar and now trades at $0.10 or 0.00000170 BTC.
• Bitcoin Cash (BCH) traded up 0.2% against the dollar and now trades at $337.42 or 0.00571265 BTC.
• UNUS SED LEO (LEO) traded up 4.2% against the dollar and now trades at $5.99 or 0.00010146 BTC.
• Litecoin (LTC) traded up 0.8% against the dollar and now trades at $66.71 or 0.00112939 BTC.
• Monero (XMR) traded 2.3% higher against the dollar and now trades at $153.73 or 0.00260279 BTC.
• Ethereum Classic (ETC) traded 1.3% higher against the dollar and now trades at $18.98 or 0.00032139 BTC.
• Arweave (AR) traded down 0.1% against the dollar and now trades at $21.29 or 0.00036046 BTC.
• Bitcoin SV (BSV) traded 1.9% lower against the dollar and now trades at $42.09 or 0.00071253 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It was first traded on June 1st, 2015. Siacoin’s total supply is 57,769,785,000 coins and its circulating supply is 57,740,391,700 coins. 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. 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 buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView