Siacoin (SC) Trading Down 22.5% This Week

Siacoin (SC) traded up 3.9% against the U.S. dollar during the one day period ending at 21:00 PM ET on August 5th. One Siacoin coin can now be purchased for approximately $0.0042 or 0.00000007 BTC on cryptocurrency exchanges. Siacoin has a total market cap of $239.66 million and $13.78 million worth of Siacoin was traded on exchanges in the last day. During the last week, Siacoin has traded down 22.5% against the U.S. dollar.

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

• Bitcoin (BTC) traded up 0.9% against the dollar and now trades at $56,213.95 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.2% higher against the dollar and now trades at $0.0998 or 0.00000177 BTC.
• Bitcoin Cash (BCH) traded 1.5% higher against the dollar and now trades at $327.33 or 0.00582300 BTC.
• UNUS SED LEO (LEO) traded 0.7% higher against the dollar and now trades at $5.70 or 0.00010132 BTC.
• Litecoin (LTC) traded down 0.9% against the dollar and now trades at $58.63 or 0.00104306 BTC.
• Monero (XMR) traded up 3.6% against the dollar and now trades at $150.84 or 0.00268330 BTC.
• Ethereum Classic (ETC) traded up 2.7% against the dollar and now trades at $18.41 or 0.00032751 BTC.
• Arweave (AR) traded up 2.4% against the dollar and now trades at $20.75 or 0.00036918 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 0.1% higher against the dollar and now trades at $37.68 or 0.00067027 BTC.

About Siacoin

Siacoin (CRYPTO: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 57,769,755,000 coins and its circulating supply is 57,740,361,723 coins. The official website for Siacoin is sia.tech. 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.

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 presently 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 GDAX. 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