Siacoin Price Hits $0.0073 on Top Exchanges (SC)

Siacoin (SC) traded 0.6% higher against the dollar during the 1 day period ending at 21:00 PM Eastern on May 5th. Siacoin has a market cap of $418.12 million and $9.09 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can currently be purchased for $0.0073 or 0.00000011 BTC on major exchanges. Over the last week, Siacoin has traded 0% higher against the dollar.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 1.1% higher against the dollar and now trades at $64,200.16 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.2% higher against the dollar and now trades at $0.16 or 0.00000253 BTC.
• Bitcoin Cash (BCH) traded up 1.9% against the dollar and now trades at $469.90 or 0.00731884 BTC.
• Litecoin (LTC) traded 0.2% higher against the dollar and now trades at $81.39 or 0.00126763 BTC.
• UNUS SED LEO (LEO) traded up 0% against the dollar and now trades at $5.83 or 0.00009076 BTC.
• Ethereum Classic (ETC) traded 3.9% higher against the dollar and now trades at $27.79 or 0.00043279 BTC.
• Arweave (AR) traded up 14% against the dollar and now trades at $40.68 or 0.00063360 BTC.
• Monero (XMR) traded up 8.6% against the dollar and now trades at $134.06 or 0.00208808 BTC.
• Bitcoin SV (BSV) traded up 0.4% against the dollar and now trades at $65.03 or 0.00101279 BTC.
• eCash (XEC) traded up 0.3% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

About Siacoin

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch date was June 1st, 2015. Siacoin’s total supply is 57,218,145,000 coins and its circulating supply is 57,060,567,619 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 possible to buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. 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