Siacoin Reaches Market Cap of $281.00 Million (SC)

Siacoin (SC) traded down 3.3% against the U.S. dollar during the 1 day period ending at 20:00 PM Eastern on October 23rd. Over the last week, Siacoin has traded 2.6% lower against the U.S. dollar. One Siacoin coin can now be purchased for $0.0049 or 0.00000007 BTC on cryptocurrency exchanges. Siacoin has a total market capitalization of $281.00 million and $5.08 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 0.9% lower against the dollar and now trades at $66,684.07 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.3% higher against the dollar and now trades at $0.14 or 0.00000210 BTC.
• Bitcoin Cash (BCH) traded 2.6% lower against the dollar and now trades at $348.03 or 0.00521907 BTC.
• UNUS SED LEO (LEO) traded 1.4% higher against the dollar and now trades at $6.08 or 0.00009112 BTC.
• Litecoin (LTC) traded up 0.3% against the dollar and now trades at $70.07 or 0.00105072 BTC.
• Monero (XMR) traded 0.2% lower against the dollar and now trades at $156.69 or 0.00234974 BTC.
• Ethereum Classic (ETC) traded down 2.1% against the dollar and now trades at $18.63 or 0.00027936 BTC.
• Arweave (AR) traded down 2.5% against the dollar and now trades at $18.00 or 0.00026988 BTC.
• Bitcoin SV (BSV) traded 3% lower against the dollar and now trades at $46.89 or 0.00070321 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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 launched on 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 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. 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 presently possible to buy alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to acquire Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView