Siacoin Price Reaches $0.0046 on Exchanges (SC)

Siacoin (SC) traded 1.2% lower against the US dollar during the 24-hour period ending at 12:00 PM E.T. on July 2nd. Siacoin has a market capitalization of $263.66 million and approximately $1.70 million worth of Siacoin was traded on exchanges in the last day. Over the last seven days, Siacoin has traded up 0% against the US dollar. One Siacoin coin can now be purchased for approximately $0.0046 or 0.00000007 BTC on popular exchanges.

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

• Bitcoin (BTC) traded down 2% against the dollar and now trades at $61,812.24 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.9% against the dollar and now trades at $0.12 or 0.00000198 BTC.
• Bitcoin Cash (BCH) traded down 2.2% against the dollar and now trades at $379.50 or 0.00613800 BTC.
• Litecoin (LTC) traded 0.4% higher against the dollar and now trades at $74.99 or 0.00121295 BTC.
• UNUS SED LEO (LEO) traded up 0.4% against the dollar and now trades at $5.79 or 0.00009361 BTC.
• Ethereum Classic (ETC) traded 2.8% lower against the dollar and now trades at $22.96 or 0.00037129 BTC.
• Monero (XMR) traded 0.3% lower against the dollar and now trades at $169.21 or 0.00273677 BTC.
• Arweave (AR) traded 4.4% lower against the dollar and now trades at $28.01 or 0.00045299 BTC.
• Bitcoin SV (BSV) traded 0.9% lower against the dollar and now trades at $44.07 or 0.00071281 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It was first traded on June 1st, 2015. Siacoin’s total supply is 57,599,175,000 coins and its circulating supply is 57,571,417,543 coins. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed 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.”

Buying and Selling Siacoin

It is usually not currently possible to buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX 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