Siacoin (SC) 24 Hour Trading Volume Hits $2.39 Million

Siacoin (SC) traded up 1.3% against the US dollar during the 1 day period ending at 7:00 AM Eastern on July 31st. One Siacoin coin can now be bought for about $0.0005 or 0.00000001 BTC on exchanges. Siacoin has a market cap of $28.45 million and $2.39 million worth of Siacoin was traded on exchanges in the last day. Over the last week, Siacoin has traded down 12% against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Arweave (AR) traded down 0.9% against the dollar and now trades at $1.71 or 0.00002681 BTC.
• Bitcoin (BTC) traded 1.3% lower against the dollar and now trades at $63,756.19 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.6% lower against the dollar and now trades at $0.0695 or 0.00000109 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $9.72 or 0.00015247 BTC.
• Zcash (ZEC) traded 3.1% lower against the dollar and now trades at $459.85 or 0.00721269 BTC.
• Monero (XMR) traded down 2.4% against the dollar and now trades at $350.03 or 0.00549018 BTC.
• Bitcoin Cash (BCH) traded 1.5% lower against the dollar and now trades at $207.34 or 0.00325210 BTC.
• Litecoin (LTC) traded 0.5% lower against the dollar and now trades at $44.93 or 0.00070479 BTC.
• Ethereum Classic (ETC) traded down 2% against the dollar and now trades at $6.65 or 0.00010427 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

SC is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch date was June 5th, 2015. Siacoin’s total supply is 62,217,525,676 coins and its circulating supply is 56,025,636,522 coins. Siacoin’s official message board is sia.tech/blog. Siacoin’s official Twitter account is @siafoundation 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, “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. Discord, YouTubeWhitepaper”

Siacoin Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first purchase 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 purchase Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView