Siacoin (SC) Market Capitalization Reaches $256.61 Million

Siacoin (SC) traded 8.7% lower against the U.S. dollar during the 1 day period ending at 16:00 PM E.T. on August 3rd. In the last seven days, Siacoin has traded down 17% against the U.S. dollar. One Siacoin coin can currently be purchased for $0.0044 or 0.00000007 BTC on popular exchanges. Siacoin has a total market cap of $256.61 million and approximately $5.06 million worth of Siacoin was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 3.9% lower against the dollar and now trades at $60,459.67 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 5.6% against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded 9.3% lower against the dollar and now trades at $358.59 or 0.00593112 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $5.67 or 0.00009378 BTC.
• Litecoin (LTC) traded down 3.4% against the dollar and now trades at $63.19 or 0.00104522 BTC.
• Ethereum Classic (ETC) traded down 6.1% against the dollar and now trades at $19.33 or 0.00031972 BTC.
• Monero (XMR) traded down 6.5% against the dollar and now trades at $150.17 or 0.00248379 BTC.
• Arweave (AR) traded down 8.2% against the dollar and now trades at $22.51 or 0.00037223 BTC.
• Bitcoin SV (BSV) traded 5.8% lower against the dollar and now trades at $42.14 or 0.00069705 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

SC is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch 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. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here. 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.

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, Gemini or Coinbase. 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