Siacoin (SC) Achieves Self Reported Market Cap of $84.38 Million

Siacoin (SC) traded up 1.1% against the US dollar during the 1 day period ending at 7:00 AM Eastern on January 28th. One Siacoin coin can now be purchased for $0.0015 or 0.00000002 BTC on exchanges. Siacoin has a total market capitalization of $84.38 million and approximately $4.90 million worth of Siacoin was traded on exchanges in the last 24 hours. In the last week, Siacoin has traded 0.8% lower against the US dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Arweave (AR) traded up 1.5% against the dollar and now trades at $3.34 or 0.00003710 BTC.
• Bitcoin (BTC) traded 2.2% higher against the dollar and now trades at $89,989.13 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.5% higher against the dollar and now trades at $0.13 or 0.00000141 BTC.
• Bitcoin Cash (BCH) traded up 1.1% against the dollar and now trades at $595.91 or 0.00662198 BTC.
• Monero (XMR) traded down 0.4% against the dollar and now trades at $476.69 or 0.00529724 BTC.
• UNUS SED LEO (LEO) traded 0.8% lower against the dollar and now trades at $9.16 or 0.00010175 BTC.
• Zcash (ZEC) traded 3.7% higher against the dollar and now trades at $396.65 or 0.00440781 BTC.
• Litecoin (LTC) traded up 1.5% against the dollar and now trades at $69.88 or 0.00077657 BTC.
• Ethereum Classic (ETC) traded up 2.8% against the dollar and now trades at $11.58 or 0.00012863 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

Siacoin (CRYPTO:SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch date was June 6th, 2015. Siacoin’s total supply is 62,217,525,676 coins and its circulating supply is 56,025,636,522 coins. The official website for Siacoin 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 @siafoundation and its Facebook page is accessible here. Siacoin’s official message board is sia.tech/blog.

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 acquire Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView