Siacoin Hits 24 Hour Volume of $47.17 Million (SC)

Siacoin (SC) traded 5% higher against the U.S. dollar during the 24-hour period ending at 9:00 AM E.T. on December 12th. One Siacoin coin can currently be purchased for $0.0071 or 0.00000007 BTC on major exchanges. Siacoin has a total market capitalization of $410.59 million and approximately $47.17 million worth of Siacoin was traded on exchanges in the last day. During the last week, Siacoin has traded 9.2% lower against the U.S. dollar.

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

• Bitcoin (BTC) traded up 1.5% against the dollar and now trades at $101,194.94 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.7% higher against the dollar and now trades at $0.42 or 0.00000409 BTC.
• Bitcoin Cash (BCH) traded up 2.5% against the dollar and now trades at $551.82 or 0.00543812 BTC.
• Litecoin (LTC) traded up 6.9% against the dollar and now trades at $121.85 or 0.00120081 BTC.
• UNUS SED LEO (LEO) traded 2.9% higher against the dollar and now trades at $9.60 or 0.00009464 BTC.
• Ethereum Classic (ETC) traded up 5.9% against the dollar and now trades at $34.93 or 0.00034419 BTC.
• Monero (XMR) traded up 2.8% against the dollar and now trades at $196.72 or 0.00193863 BTC.
• Arweave (AR) traded 2.1% higher against the dollar and now trades at $23.48 or 0.00023137 BTC.
• IOTA (MIOTA) traded 10.2% higher against the dollar and now trades at $0.43 or 0.00000423 BTC.
• Bitcoin SV (BSV) traded up 3.7% against the dollar and now trades at $68.17 or 0.00067185 BTC.

About Siacoin

Siacoin (CRYPTO: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. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. The official website for Siacoin 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.”

Siacoin Coin Trading

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