Siacoin Market Cap Reaches $394.08 Million (SC)

Siacoin (SC) traded down 3.8% against the U.S. dollar during the one day period ending at 17:00 PM E.T. on April 30th. In the last week, Siacoin has traded 11.9% lower against the U.S. dollar. One Siacoin coin can now be purchased for $0.0069 or 0.00000011 BTC on popular cryptocurrency exchanges. Siacoin has a total market cap of $394.08 million and approximately $8.49 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded down 4.5% against the dollar and now trades at $60,149.19 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 5.9% against the dollar and now trades at $0.13 or 0.00000220 BTC.
• Bitcoin Cash (BCH) traded down 6.1% against the dollar and now trades at $431.42 or 0.00717246 BTC.
• Litecoin (LTC) traded 4.1% lower against the dollar and now trades at $78.94 or 0.00131234 BTC.
• UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $5.86 or 0.00009736 BTC.
• Ethereum Classic (ETC) traded down 6.8% against the dollar and now trades at $25.28 or 0.00042035 BTC.
• Monero (XMR) traded down 3.6% against the dollar and now trades at $119.45 or 0.00198590 BTC.
• Arweave (AR) traded down 10.3% against the dollar and now trades at $31.01 or 0.00051556 BTC.
• Bitcoin SV (BSV) traded down 6.3% against the dollar and now trades at $60.13 or 0.00099973 BTC.
• eCash (XEC) traded down 4.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Siacoin Coin Profile

Siacoin is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its genesis date was June 1st, 2015. Siacoin’s total supply is 57,065,145,000 coins and its circulating supply is 57,038,172,586 coins. 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. Siacoin’s official website is sia.tech.

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.”

Buying and Selling Siacoin

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 GDAX, Changelly or Gemini. 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