Siacoin Hits One Day Trading Volume of $3.86 Million (SC)

Siacoin (SC) traded down 6.4% against the dollar during the twenty-four hour period ending at 10:00 AM ET on November 14th. One Siacoin coin can now be bought for approximately $0.0050 or 0.00000005 BTC on popular cryptocurrency exchanges. Siacoin has a market capitalization of $287.34 million and $3.86 million worth of Siacoin was traded on exchanges in the last day. In the last week, Siacoin has traded 9.8% higher against the dollar.

Here is how related cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded down 4% against the dollar and now trades at $91,285.18 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 7.2% lower against the dollar and now trades at $0.41 or 0.00000449 BTC.
• Bitcoin Cash (BCH) traded 3.8% lower against the dollar and now trades at $432.13 or 0.00473384 BTC.
• UNUS SED LEO (LEO) traded 0.5% higher against the dollar and now trades at $7.49 or 0.00008204 BTC.
• Litecoin (LTC) traded 3.1% higher against the dollar and now trades at $80.79 or 0.00088507 BTC.
• Ethereum Classic (ETC) traded down 4.8% against the dollar and now trades at $22.33 or 0.00024465 BTC.
• Monero (XMR) traded down 2.8% against the dollar and now trades at $147.02 or 0.00161058 BTC.
• Bitcoin SV (BSV) traded 7.1% higher against the dollar and now trades at $64.83 or 0.00071022 BTC.
• Arweave (AR) traded 7.4% lower against the dollar and now trades at $17.11 or 0.00018747 BTC.
• eCash (XEC) traded 8.4% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Siacoin Profile

Siacoin (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. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here. The official website for Siacoin 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 possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView