Siacoin (SC) Reaches One Day Volume of $2.50 Million

Siacoin (SC) traded 1.7% higher against the US dollar during the one day period ending at 7:00 AM Eastern on August 8th. Siacoin has a total market cap of $28.45 million and approximately $2.50 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can currently be bought for about $0.0005 or 0.00000001 BTC on popular cryptocurrency exchanges. Over the last week, Siacoin has traded 0.5% higher against the US dollar.

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

• Arweave (AR) traded 0.2% lower against the dollar and now trades at $1.80 or 0.00002767 BTC.
• Bitcoin (BTC) traded down 0.1% against the dollar and now trades at $64,925.13 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.2% against the dollar and now trades at $0.0704 or 0.00000108 BTC.
• UNUS SED LEO (LEO) traded down 0.7% against the dollar and now trades at $9.70 or 0.00014940 BTC.
• Zcash (ZEC) traded down 2.4% against the dollar and now trades at $498.05 or 0.00767118 BTC.
• Monero (XMR) traded 1.9% higher against the dollar and now trades at $376.58 or 0.00580016 BTC.
• Bitcoin Cash (BCH) traded up 0.1% against the dollar and now trades at $216.36 or 0.00333238 BTC.
• Litecoin (LTC) traded down 0.4% against the dollar and now trades at $45.53 or 0.00070120 BTC.
• Ethereum Classic (ETC) traded 0% lower against the dollar and now trades at $6.51 or 0.00010020 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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 genesis 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 Twitter account is @siafoundation and its Facebook page is accessible here. The official website for Siacoin is sia.tech. The official message board for Siacoin is sia.tech/blog. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed 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. Discord, YouTubeWhitepaper”

Buying and Selling Siacoin

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

SC/USD price chart by TradingView