Siacoin (SC) Price Reaches $0.0041 on Top Exchanges

Siacoin (SC) traded down 2.1% against the U.S. dollar during the twenty-four hour period ending at 18:00 PM E.T. on September 16th. Siacoin has a total market cap of $239.46 million and $2.91 million worth of Siacoin was traded on exchanges in the last 24 hours. During the last week, Siacoin has traded down 2.8% against the U.S. dollar. One Siacoin coin can now be purchased for about $0.0041 or 0.00000007 BTC on popular exchanges.

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

• Bitcoin (BTC) traded 2.6% lower against the dollar and now trades at $57,810.67 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5% lower against the dollar and now trades at $0.0990 or 0.00000171 BTC.
• Bitcoin Cash (BCH) traded down 2.5% against the dollar and now trades at $309.90 or 0.00536068 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $5.69 or 0.00009846 BTC.
• Litecoin (LTC) traded 2.7% lower against the dollar and now trades at $62.30 or 0.00107761 BTC.
• Monero (XMR) traded 0.3% lower against the dollar and now trades at $170.83 or 0.00295497 BTC.
• Ethereum Classic (ETC) traded 1.7% lower against the dollar and now trades at $17.68 or 0.00030586 BTC.
• Arweave (AR) traded down 1.4% against the dollar and now trades at $18.80 or 0.00032517 BTC.
• Bitcoin SV (BSV) traded 2.5% lower against the dollar and now trades at $45.82 or 0.00079255 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

SC 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 website is sia.tech. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible 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 buy alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. 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