Siacoin (SC) Market Cap Hits $281.22 Million

Siacoin (SC) traded up 3.2% against the dollar during the 24-hour period ending at 13:00 PM ET on August 24th. One Siacoin coin can currently be bought for $0.0049 or 0.00000008 BTC on cryptocurrency exchanges. Over the last seven days, Siacoin has traded up 11% against the dollar. Siacoin has a total market capitalization of $281.22 million and $4.69 million worth of Siacoin was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 1.8% higher against the dollar and now trades at $64,265.08 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.4% higher against the dollar and now trades at $0.11 or 0.00000178 BTC.
• Bitcoin Cash (BCH) traded 3.6% higher against the dollar and now trades at $368.57 or 0.00573509 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $5.88 or 0.00009148 BTC.
• Litecoin (LTC) traded 4.4% higher against the dollar and now trades at $67.72 or 0.00105376 BTC.
• Monero (XMR) traded up 2.1% against the dollar and now trades at $173.50 or 0.00269979 BTC.
• Ethereum Classic (ETC) traded up 3.4% against the dollar and now trades at $20.91 or 0.00032529 BTC.
• Arweave (AR) traded up 3% against the dollar and now trades at $26.77 or 0.00041661 BTC.
• Bitcoin SV (BSV) traded up 4.8% against the dollar and now trades at $48.40 or 0.00075320 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

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 57,769,785,000 coins and its circulating supply is 57,740,391,700 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.”

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 Coinbase, Changelly 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