Siacoin Reaches 24 Hour Trading Volume of $5.98 Million (SC)

Siacoin (SC) traded down 6.4% against the U.S. dollar during the 24 hour period ending at 22:00 PM Eastern on April 28th. One Siacoin coin can now be bought for approximately $0.0073 or 0.00000012 BTC on major cryptocurrency exchanges. Siacoin has a market cap of $416.97 million and $5.98 million worth of Siacoin was traded on exchanges in the last 24 hours. Over the last week, Siacoin has traded 6.1% lower against the U.S. dollar.

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

• Bitcoin (BTC) traded 1% lower against the dollar and now trades at $62,970.34 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.2% lower against the dollar and now trades at $0.15 or 0.00000233 BTC.
• Bitcoin Cash (BCH) traded 1.7% lower against the dollar and now trades at $471.02 or 0.00746664 BTC.
• Litecoin (LTC) traded up 0.9% against the dollar and now trades at $85.23 or 0.00135111 BTC.
• UNUS SED LEO (LEO) traded down 1.1% against the dollar and now trades at $5.75 or 0.00009113 BTC.
• Ethereum Classic (ETC) traded 0.7% higher against the dollar and now trades at $28.19 or 0.00044683 BTC.
• Arweave (AR) traded up 7% against the dollar and now trades at $36.43 or 0.00057751 BTC.
• Monero (XMR) traded 3.2% higher against the dollar and now trades at $126.80 or 0.00200997 BTC.
• Bitcoin SV (BSV) traded 1.6% lower against the dollar and now trades at $66.10 or 0.00104787 BTC.
• eCash (XEC) traded 3.5% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Siacoin Coin Profile

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It launched on June 1st, 2015. Siacoin’s total supply is 57,058,125,000 coins and its circulating supply is 57,031,372,360 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.”

Buying and Selling Siacoin

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

SC/USD price chart by TradingView