Siacoin Price Tops $0.0061 on Major Exchanges (SC)

Siacoin (SC) traded up 1.4% against the U.S. dollar during the 1-day period ending at 11:00 AM E.T. on January 17th. Siacoin has a market capitalization of $354.48 million and approximately $37.57 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can now be bought for about $0.0061 or 0.00000006 BTC on cryptocurrency exchanges. In the last week, Siacoin has traded 0.8% lower against the U.S. dollar.

Here’s how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 5.4% higher against the dollar and now trades at $104,720.39 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 7.9% against the dollar and now trades at $0.41 or 0.00000395 BTC.
• Litecoin (LTC) traded up 8.1% against the dollar and now trades at $136.26 or 0.00130118 BTC.
• Bitcoin Cash (BCH) traded up 4.4% against the dollar and now trades at $485.16 or 0.00463291 BTC.
• UNUS SED LEO (LEO) traded 1.1% higher against the dollar and now trades at $9.74 or 0.00009303 BTC.
• Ethereum Classic (ETC) traded up 3.4% against the dollar and now trades at $27.95 or 0.00026693 BTC.
• Monero (XMR) traded 4.4% higher against the dollar and now trades at $226.21 or 0.00216010 BTC.
• IOTA (MIOTA) traded down 1.6% against the dollar and now trades at $0.40 or 0.00000380 BTC.
• Arweave (AR) traded 1.7% higher against the dollar and now trades at $17.77 or 0.00016970 BTC.
• Bitcoin SV (BSV) traded up 2.7% against the dollar and now trades at $58.76 or 0.00056113 BTC.

Siacoin Profile

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. 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.”

Siacoin Coin Trading

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