Siacoin (SC) Price Hits $0.0050 on Exchanges

Siacoin (SC) traded up 0.1% against the U.S. dollar during the 24-hour period ending at 18:00 PM Eastern on September 27th. During the last seven days, Siacoin has traded 10.7% higher against the U.S. dollar. One Siacoin coin can now be bought for about $0.0050 or 0.00000008 BTC on major cryptocurrency exchanges. Siacoin has a market capitalization of $291.07 million and $4.50 million worth of Siacoin was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 1.3% higher against the dollar and now trades at $65,829.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 5.9% against the dollar and now trades at $0.12 or 0.00000188 BTC.
• Bitcoin Cash (BCH) traded up 2.1% against the dollar and now trades at $359.20 or 0.00545647 BTC.
• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $5.83 or 0.00008862 BTC.
• Litecoin (LTC) traded up 3.9% against the dollar and now trades at $70.61 or 0.00107255 BTC.
• Ethereum Classic (ETC) traded up 3.2% against the dollar and now trades at $20.83 or 0.00031636 BTC.
• Monero (XMR) traded 0.5% lower against the dollar and now trades at $163.46 or 0.00248312 BTC.
• Arweave (AR) traded up 3.5% against the dollar and now trades at $23.49 or 0.00035684 BTC.
• Bitcoin SV (BSV) traded 3.1% higher against the dollar and now trades at $53.08 or 0.00080630 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

Siacoin (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. 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 purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini 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