Siacoin (SC) Hits 24 Hour Volume of $6.90 Million

Siacoin (SC) traded up 3.5% against the U.S. dollar during the 24-hour period ending at 9:00 AM ET on September 20th. Siacoin has a market capitalization of $262.93 million and $6.90 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can currently be bought for approximately $0.0046 or 0.00000007 BTC on popular cryptocurrency exchanges. Over the last week, Siacoin has traded 6.9% higher against the U.S. dollar.

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

• Bitcoin (BTC) traded down 0.5% against the dollar and now trades at $62,881.96 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.1% lower against the dollar and now trades at $0.11 or 0.00000167 BTC.
• Bitcoin Cash (BCH) traded 1.2% lower against the dollar and now trades at $336.93 or 0.00535819 BTC.
• UNUS SED LEO (LEO) traded 3.7% higher against the dollar and now trades at $5.87 or 0.00009342 BTC.
• Litecoin (LTC) traded down 0.1% against the dollar and now trades at $65.62 or 0.00104354 BTC.
• Monero (XMR) traded 1.7% higher against the dollar and now trades at $177.77 or 0.00282708 BTC.
• Ethereum Classic (ETC) traded 0.7% higher against the dollar and now trades at $18.84 or 0.00029957 BTC.
• Arweave (AR) traded down 1.2% against the dollar and now trades at $20.25 or 0.00032207 BTC.
• Bitcoin SV (BSV) traded 0.1% lower against the dollar and now trades at $48.73 or 0.00077489 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

Siacoin 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.”

Siacoin Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to acquire Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView