Siacoin (SC) Price Reaches $0.0027 on Exchanges

Siacoin (SC) traded down 7.7% against the dollar during the 1 day period ending at 10:00 AM ET on April 3rd. One Siacoin coin can currently be bought for $0.0027 or 0.00000003 BTC on major exchanges. During the last seven days, Siacoin has traded down 21.5% against the dollar. Siacoin has a total market capitalization of $152.99 million and $27.20 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Arweave (AR) traded 3.8% lower against the dollar and now trades at $5.58 or 0.00006822 BTC.
• Bitcoin (BTC) traded down 5.1% against the dollar and now trades at $81,823.81 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 8.2% lower against the dollar and now trades at $0.16 or 0.00000192 BTC.
• UNUS SED LEO (LEO) traded up 0.6% against the dollar and now trades at $9.40 or 0.00011489 BTC.
• Litecoin (LTC) traded down 2% against the dollar and now trades at $81.47 or 0.00099573 BTC.
• Bitcoin Cash (BCH) traded 3.2% lower against the dollar and now trades at $295.82 or 0.00361529 BTC.
• Monero (XMR) traded 2.5% lower against the dollar and now trades at $212.06 or 0.00259169 BTC.
• Ethereum Classic (ETC) traded 4.1% lower against the dollar and now trades at $15.73 or 0.00019226 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Zcash (ZEC) traded down 3.7% against the dollar and now trades at $38.06 or 0.00046517 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 6th, 2015. Siacoin’s total supply is 59,960,265,676 coins and its circulating supply is 56,025,636,522 coins. 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. Siacoin’s official website is sia.tech.

According to CryptoCompare, “Sia is an actively developed decentralized storage platform. Users all over the world contribute disk storage from their computers to form a decentralized network.Anybody with siacoins can rent storage from hosts on Sia. This is accomplish via “smart” storage contracts stored on the Sia blockchain. The smart contract provides a payment to the host only after the host has kept the file for a given amount of time. If the host loses the file, the host does not get paid.The distrubuted nature of the Sia network enables many optimizations in latency, throughput, reliability, and security. The decentralized nature of the Sia network enables anyone with storage to get paid, lowering the barrier to entry and reducing the overall price of cloud storage.The Sia cryptocurrency is live! You can rent storage using siacoins and hosts providing storage to the network receive compensation in the form of siacoins. The storage platform itself is still in beta, and only uploads that are 500mb or less in size are supported by the wallet.”

Buying and Selling Siacoin

It is usually not currently possible to buy alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to acquire Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView