Siacoin (SC) Reaches One Day Volume of $6.11 Million

Siacoin (SC) traded down 1.6% against the U.S. dollar during the one day period ending at 12:00 PM E.T. on May 10th. Siacoin has a market cap of $397.15 million and approximately $6.11 million worth of Siacoin was traded on exchanges in the last day. In the last week, Siacoin has traded down 2.1% against the U.S. dollar. One Siacoin coin can currently be purchased for about $0.0069 or 0.00000011 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 1.1% lower against the dollar and now trades at $60,992.03 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.5% lower against the dollar and now trades at $0.14 or 0.00000238 BTC.
• Bitcoin Cash (BCH) traded down 3.5% against the dollar and now trades at $432.19 or 0.00708582 BTC.
• Litecoin (LTC) traded down 1.3% against the dollar and now trades at $80.26 or 0.00131584 BTC.
• UNUS SED LEO (LEO) traded up 0.3% against the dollar and now trades at $5.96 or 0.00009771 BTC.
• Ethereum Classic (ETC) traded 1.6% lower against the dollar and now trades at $26.81 or 0.00043948 BTC.
• Arweave (AR) traded 4.6% higher against the dollar and now trades at $42.32 or 0.00069384 BTC.
• Monero (XMR) traded 0.6% higher against the dollar and now trades at $132.85 or 0.00217816 BTC.
• Bitcoin SV (BSV) traded down 1.4% against the dollar and now trades at $62.38 or 0.00102279 BTC.
• eCash (XEC) traded 2.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Siacoin Coin Profile

Siacoin (SC) 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 57,238,125,000 coins and its circulating supply is 57,212,057,714 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 trade Siacoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView