Siacoin Trading Down 17.7% Over Last Week (SC)

Siacoin (SC) traded 6.6% higher against the U.S. dollar during the 24 hour period ending at 17:00 PM E.T. on August 6th. Siacoin has a total market capitalization of $246.12 million and approximately $6.71 million worth of Siacoin was traded on exchanges in the last day. In the last seven days, Siacoin has traded 17.7% lower against the U.S. dollar. One Siacoin coin can now be purchased for approximately $0.0043 or 0.00000008 BTC on popular cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 4% higher against the dollar and now trades at $56,694.29 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.7% against the dollar and now trades at $0.0970 or 0.00000171 BTC.
• Bitcoin Cash (BCH) traded 4% higher against the dollar and now trades at $318.23 or 0.00561308 BTC.
• UNUS SED LEO (LEO) traded 0.5% higher against the dollar and now trades at $5.73 or 0.00010114 BTC.
• Litecoin (LTC) traded 5.1% higher against the dollar and now trades at $58.71 or 0.00103560 BTC.
• Monero (XMR) traded 3% higher against the dollar and now trades at $150.27 or 0.00265062 BTC.
• Ethereum Classic (ETC) traded up 3.6% against the dollar and now trades at $18.20 or 0.00032101 BTC.
• Arweave (AR) traded up 5.8% against the dollar and now trades at $20.76 or 0.00036611 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 4.9% against the dollar and now trades at $37.49 or 0.00066126 BTC.

Siacoin Coin Profile

SC 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 57,769,755,000 coins and its circulating supply is 57,740,361,723 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. The official website for Siacoin 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.”

Siacoin Coin Trading

It is usually not currently 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 Changelly, 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