Siacoin (SC) Market Capitalization Tops $249.01 Million

Siacoin (SC) traded 1.2% higher against the US dollar during the 1 day period ending at 17:00 PM ET on September 10th. One Siacoin coin can now be bought for approximately $0.0043 or 0.00000007 BTC on major cryptocurrency exchanges. Siacoin has a total market capitalization of $249.01 million and $2.54 million worth of Siacoin was traded on exchanges in the last 24 hours. Over the last week, Siacoin has traded 5.1% higher against the US dollar.

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

• Bitcoin (BTC) traded 0% lower against the dollar and now trades at $57,632.74 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.7% lower against the dollar and now trades at $0.10 or 0.00000178 BTC.
• Bitcoin Cash (BCH) traded 1.8% higher against the dollar and now trades at $329.36 or 0.00571482 BTC.
• UNUS SED LEO (LEO) traded 3.2% higher against the dollar and now trades at $5.65 or 0.00009810 BTC.
• Litecoin (LTC) traded down 0.2% against the dollar and now trades at $61.45 or 0.00106627 BTC.
• Monero (XMR) traded down 2.7% against the dollar and now trades at $167.80 or 0.00291153 BTC.
• Ethereum Classic (ETC) traded up 0.6% against the dollar and now trades at $18.54 or 0.00032174 BTC.
• Arweave (AR) traded 5.3% lower against the dollar and now trades at $19.80 or 0.00034357 BTC.
• Bitcoin SV (BSV) traded up 9.2% against the dollar and now trades at $50.66 or 0.00087894 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 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. 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. Siacoin’s official website 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.”

Siacoin Coin Trading

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

SC/USD price chart by TradingView