Siacoin Trading 2.5% Higher Over Last 7 Days (SC)

Siacoin (SC) traded down 2.4% against the US dollar during the 1 day period ending at 12:00 PM Eastern on October 21st. One Siacoin coin can currently be purchased for about $0.0051 or 0.00000008 BTC on major cryptocurrency exchanges. Siacoin has a total market capitalization of $292.26 million and $21.17 million worth of Siacoin was traded on exchanges in the last day. Over the last week, Siacoin has traded 2.5% higher against the US dollar.

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

• Bitcoin (BTC) traded 2.1% lower against the dollar and now trades at $66,977.43 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.9% higher against the dollar and now trades at $0.14 or 0.00000209 BTC.
• Bitcoin Cash (BCH) traded down 1.8% against the dollar and now trades at $360.27 or 0.00537895 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $6.10 or 0.00009107 BTC.
• Litecoin (LTC) traded down 4.8% against the dollar and now trades at $71.22 or 0.00106335 BTC.
• Ethereum Classic (ETC) traded down 3.3% against the dollar and now trades at $19.43 or 0.00029014 BTC.
• Monero (XMR) traded down 4.9% against the dollar and now trades at $153.38 or 0.00228995 BTC.
• Arweave (AR) traded 3.6% lower against the dollar and now trades at $18.57 or 0.00027731 BTC.
• Bitcoin SV (BSV) traded 3.9% lower against the dollar and now trades at $49.06 or 0.00073254 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 launched 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 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. 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.”

Siacoin Coin Trading

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