Siacoin 24-Hour Volume Tops $4.79 Million (SC)

Siacoin (SC) traded down 0.4% against the dollar during the 24 hour period ending at 7:00 AM ET on January 24th. One Siacoin coin can now be bought for about $0.0015 or 0.00000002 BTC on popular exchanges. Over the last seven days, Siacoin has traded 10% lower against the dollar. Siacoin has a total market capitalization of $85.20 million and $4.79 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded up 0.9% against the dollar and now trades at $3.57 or 0.00003987 BTC.
• Bitcoin (BTC) traded 0.3% higher against the dollar and now trades at $89,515.29 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.4% lower against the dollar and now trades at $0.12 or 0.00000139 BTC.
• Bitcoin Cash (BCH) traded up 0.5% against the dollar and now trades at $597.62 or 0.00667621 BTC.
• Monero (XMR) traded up 2% against the dollar and now trades at $521.06 or 0.00582086 BTC.
• UNUS SED LEO (LEO) traded up 1.1% against the dollar and now trades at $8.98 or 0.00010029 BTC.
• Zcash (ZEC) traded 2.3% higher against the dollar and now trades at $372.11 or 0.00415689 BTC.
• Litecoin (LTC) traded up 0.1% against the dollar and now trades at $68.43 or 0.00076450 BTC.
• Ethereum Classic (ETC) traded 0.2% lower against the dollar and now trades at $11.69 or 0.00013065 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It launched on June 6th, 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. Siacoin’s official message board 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. Siacoin’s official website 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.”

Siacoin Coin Trading

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

SC/USD price chart by TradingView