Siacoin (SC) Tops One Day Volume of $3.84 Million

Siacoin (SC) traded up 0.1% against the US dollar during the 1-day period ending at 23:00 PM ET on September 16th. One Siacoin coin can now be bought for approximately $0.0042 or 0.00000007 BTC on exchanges. Siacoin has a market cap of $244.16 million and approximately $3.84 million worth of Siacoin was traded on exchanges in the last 24 hours. During the last week, Siacoin has traded up 0.4% against the US dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 0.6% against the dollar and now trades at $58,111.31 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.4% lower against the dollar and now trades at $0.0998 or 0.00000172 BTC.
• Bitcoin Cash (BCH) traded down 0.1% against the dollar and now trades at $312.98 or 0.00538586 BTC.
• UNUS SED LEO (LEO) traded down 3% against the dollar and now trades at $5.69 or 0.00009789 BTC.
• Litecoin (LTC) traded up 0.5% against the dollar and now trades at $63.10 or 0.00108578 BTC.
• Monero (XMR) traded down 0.2% against the dollar and now trades at $170.75 or 0.00293836 BTC.
• Ethereum Classic (ETC) traded up 0.7% against the dollar and now trades at $17.83 or 0.00030675 BTC.
• Arweave (AR) traded 1% higher against the dollar and now trades at $19.05 or 0.00032775 BTC.
• Bitcoin SV (BSV) traded up 1.2% against the dollar and now trades at $46.42 or 0.00079880 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

Siacoin (CRYPTO: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. 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.

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

SC/USD price chart by TradingView