Siacoin Achieves Market Capitalization of $221.96 Million (SC)

Siacoin (SC) traded 1.6% lower against the dollar during the twenty-four hour period ending at 10:00 AM E.T. on February 10th. Siacoin has a total market capitalization of $221.96 million and $1.50 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can now be purchased for approximately $0.0040 or 0.00000004 BTC on major cryptocurrency exchanges. During the last seven days, Siacoin has traded 3.4% lower against the dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 0.7% higher against the dollar and now trades at $97,155.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.8% against the dollar and now trades at $0.25 or 0.00000259 BTC.
• UNUS SED LEO (LEO) traded 0.3% higher against the dollar and now trades at $9.86 or 0.00010117 BTC.
• Litecoin (LTC) traded up 9.3% against the dollar and now trades at $118.32 or 0.00121392 BTC.
• Bitcoin Cash (BCH) traded 0.6% higher against the dollar and now trades at $329.93 or 0.00338512 BTC.
• Monero (XMR) traded up 1.4% against the dollar and now trades at $221.28 or 0.00227031 BTC.
• Ethereum Classic (ETC) traded 1.2% higher against the dollar and now trades at $20.59 or 0.00021130 BTC.
• IOTA (MIOTA) traded up 4% against the dollar and now trades at $0.23 or 0.00000238 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 0.4% against the dollar and now trades at $39.38 or 0.00040403 BTC.

Siacoin 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 59,604,375,676 coins and its circulating supply is 56,025,636,522 coins. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here. 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.

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

SC/USD price chart by TradingView