Siacoin Hits Market Capitalization of $310.64 Million (SC)

Siacoin (SC) traded 1.8% lower against the dollar during the one day period ending at 10:00 AM E.T. on January 21st. One Siacoin coin can currently be bought for approximately $0.0054 or 0.00000005 BTC on cryptocurrency exchanges. During the last seven days, Siacoin has traded 10% lower against the dollar. Siacoin has a market capitalization of $310.64 million and $44.14 million worth of Siacoin was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 2.9% lower against the dollar and now trades at $103,430.06 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1% higher against the dollar and now trades at $0.38 or 0.00000364 BTC.
• Litecoin (LTC) traded down 1.1% against the dollar and now trades at $119.65 or 0.00115685 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $9.63 or 0.00009311 BTC.
• Bitcoin Cash (BCH) traded down 1.5% against the dollar and now trades at $438.85 or 0.00424294 BTC.
• Ethereum Classic (ETC) traded down 0.1% against the dollar and now trades at $26.57 or 0.00025690 BTC.
• Monero (XMR) traded 3.3% higher against the dollar and now trades at $215.96 or 0.00208797 BTC.
• IOTA (MIOTA) traded 5.3% lower against the dollar and now trades at $0.33 or 0.00000316 BTC.
• Bitcoin SV (BSV) traded down 1.8% against the dollar and now trades at $52.11 or 0.00050382 BTC.
• Arweave (AR) traded 5.4% lower against the dollar and now trades at $14.49 or 0.00014010 BTC.

Siacoin Profile

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.”

Siacoin Coin Trading

It is usually not 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 Coinbase, Changelly or Gemini. 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