Siacoin Market Capitalization Tops $294.11 Million (SC)

Siacoin (SC) traded up 1% against the dollar during the one day period ending at 17:00 PM ET on September 28th. Siacoin has a market capitalization of $294.11 million and approximately $16.44 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can currently be bought for $0.0051 or 0.00000008 BTC on major exchanges. Over the last week, Siacoin has traded up 5.7% against the dollar.

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

• Bitcoin (BTC) traded down 0.3% against the dollar and now trades at $65,575.31 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 4.3% against the dollar and now trades at $0.13 or 0.00000197 BTC.
• Bitcoin Cash (BCH) traded down 2.1% against the dollar and now trades at $351.97 or 0.00536696 BTC.
• UNUS SED LEO (LEO) traded down 0% against the dollar and now trades at $5.83 or 0.00008887 BTC.
• Litecoin (LTC) traded 1.4% lower against the dollar and now trades at $69.70 or 0.00106289 BTC.
• Ethereum Classic (ETC) traded down 1% against the dollar and now trades at $20.59 or 0.00031397 BTC.
• Monero (XMR) traded 3.3% lower against the dollar and now trades at $158.06 or 0.00241010 BTC.
• Arweave (AR) traded 5.5% lower against the dollar and now trades at $22.21 or 0.00033866 BTC.
• Bitcoin SV (BSV) traded 1.9% lower against the dollar and now trades at $52.14 or 0.00079498 BTC.
• Nervos Network (CKB) traded up 6.3% against the dollar and now trades at $0.0183 or 0.00000028 BTC.

Siacoin 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. 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.”

Buying and Selling Siacoin

It is usually not presently possible to buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView