Siacoin Tops 1-Day Trading Volume of $6.79 Million (SC)

Siacoin (SC) traded 2.6% lower against the U.S. dollar during the 24 hour period ending at 18:00 PM ET on July 28th. During the last week, Siacoin has traded up 0.9% against the U.S. dollar. One Siacoin coin can currently be bought for about $0.0054 or 0.00000008 BTC on cryptocurrency exchanges. Siacoin has a total market cap of $311.10 million and $6.79 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 0.9% against the dollar and now trades at $68,132.88 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.3% against the dollar and now trades at $0.13 or 0.00000190 BTC.
• Bitcoin Cash (BCH) traded 5.4% higher against the dollar and now trades at $416.88 or 0.00611867 BTC.
• UNUS SED LEO (LEO) traded 0.6% higher against the dollar and now trades at $5.86 or 0.00008596 BTC.
• Litecoin (LTC) traded down 0.8% against the dollar and now trades at $71.10 or 0.00104353 BTC.
• Ethereum Classic (ETC) traded down 2.4% against the dollar and now trades at $22.55 or 0.00033097 BTC.
• Monero (XMR) traded 0.5% higher against the dollar and now trades at $164.42 or 0.00241323 BTC.
• Arweave (AR) traded down 5% against the dollar and now trades at $30.40 or 0.00044618 BTC.
• Bitcoin SV (BSV) traded 0.1% higher against the dollar and now trades at $46.33 or 0.00068000 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

Siacoin 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 57,769,755,000 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. 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 presently possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView