Siacoin (SC) Trading 2.3% Higher This Week

Siacoin (SC) traded 0.4% lower against the U.S. dollar during the 1 day period ending at 7:00 AM E.T. on December 27th. During the last week, Siacoin has traded 2.3% higher against the U.S. dollar. One Siacoin coin can now be purchased for approximately $0.0014 or 0.00000002 BTC on major exchanges. Siacoin has a market capitalization of $80.92 million and approximately $4.92 million worth of Siacoin was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

• Arweave (AR) traded up 0.4% against the dollar and now trades at $3.48 or 0.00003976 BTC.
• Bitcoin (BTC) traded down 1.3% against the dollar and now trades at $87,460.62 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.8% lower against the dollar and now trades at $0.12 or 0.00000141 BTC.
• Bitcoin Cash (BCH) traded 0.9% higher against the dollar and now trades at $611.12 or 0.00699026 BTC.
• Monero (XMR) traded 3.9% higher against the dollar and now trades at $457.14 or 0.00522898 BTC.
• Zcash (ZEC) traded up 14.2% against the dollar and now trades at $511.28 or 0.00584823 BTC.
• UNUS SED LEO (LEO) traded 1.1% lower against the dollar and now trades at $8.37 or 0.00009579 BTC.
• Litecoin (LTC) traded 1.2% higher against the dollar and now trades at $77.97 or 0.00089189 BTC.
• Ethereum Classic (ETC) traded 0.3% higher against the dollar and now trades at $11.86 or 0.00013570 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

Siacoin (CRYPTO:SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its genesis date was June 6th, 2015. Siacoin’s total supply is 62,217,525,676 coins and its circulating supply is 56,025,636,522 coins. 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. Siacoin’s official message board is sia.tech/blog. Siacoin’s official Twitter account is @siafoundation and its Facebook page is accessible here.

According to CryptoCompare, “Sia is an actively developed decentralized storage platform. Users all over the world contribute disk storage from their computers to form a decentralized network.Anybody with siacoins can rent storage from hosts on Sia. This is accomplish via “smart” storage contracts stored on the Sia blockchain. The smart contract provides a payment to the host only after the host has kept the file for a given amount of time. If the host loses the file, the host does not get paid.The distrubuted nature of the Sia network enables many optimizations in latency, throughput, reliability, and security. The decentralized nature of the Sia network enables anyone with storage to get paid, lowering the barrier to entry and reducing the overall price of cloud storage.The Sia cryptocurrency is live! You can rent storage using siacoins and hosts providing storage to the network receive compensation in the form of siacoins. The storage platform itself is still in beta, and only uploads that are 500mb or less in size are supported by the wallet.”

Buying and Selling Siacoin

It is usually not currently 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 Changelly, 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