Siacoin Achieves Market Cap of $388.86 Million (SC)

Siacoin (SC) traded 0.1% lower against the dollar during the 1 day period ending at 12:00 PM ET on June 1st. One Siacoin coin can now be bought for about $0.0068 or 0.00000010 BTC on cryptocurrency exchanges. Siacoin has a market capitalization of $388.86 million and approximately $3.77 million worth of Siacoin was traded on exchanges in the last day. During the last week, Siacoin has traded down 6.2% against the dollar.

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

• Bitcoin (BTC) traded 0.8% higher against the dollar and now trades at $67,742.02 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.8% against the dollar and now trades at $0.16 or 0.00000237 BTC.
• Bitcoin Cash (BCH) traded up 1.6% against the dollar and now trades at $461.65 or 0.00681480 BTC.
• Litecoin (LTC) traded up 0.7% against the dollar and now trades at $83.55 or 0.00123340 BTC.
• UNUS SED LEO (LEO) traded up 0.6% against the dollar and now trades at $5.95 or 0.00008779 BTC.
• Ethereum Classic (ETC) traded up 0.4% against the dollar and now trades at $29.69 or 0.00043822 BTC.
• Arweave (AR) traded down 0.3% against the dollar and now trades at $43.78 or 0.00064632 BTC.
• Monero (XMR) traded 1.6% higher against the dollar and now trades at $148.50 or 0.00219221 BTC.
• Bitcoin SV (BSV) traded 0.5% lower against the dollar and now trades at $61.22 or 0.00090377 BTC.
• eCash (XEC) traded 0.5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Siacoin Profile

Siacoin (CRYPTO: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 57,333,795,000 coins and its circulating supply is 57,304,895,094 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.”

Siacoin Coin Trading

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

SC/USD price chart by TradingView