Siacoin Price Hits $0.0027 on Exchanges (SC)

Siacoin (SC) traded 6.1% lower against the U.S. dollar during the one day period ending at 11:00 AM E.T. on April 7th. In the last seven days, Siacoin has traded 13% lower against the U.S. dollar. Siacoin has a total market capitalization of $149.12 million and approximately $33.55 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can currently be purchased for about $0.0027 or 0.00000003 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Arweave (AR) traded down 5.3% against the dollar and now trades at $5.16 or 0.00006537 BTC.
• Bitcoin (BTC) traded 4.6% lower against the dollar and now trades at $78,970.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 8.3% against the dollar and now trades at $0.15 or 0.00000188 BTC.
• UNUS SED LEO (LEO) traded 0.7% lower against the dollar and now trades at $8.96 or 0.00011341 BTC.
• Bitcoin Cash (BCH) traded 7.1% lower against the dollar and now trades at $273.75 or 0.00346558 BTC.
• Litecoin (LTC) traded 10.8% lower against the dollar and now trades at $70.69 or 0.00089488 BTC.
• Monero (XMR) traded down 7.2% against the dollar and now trades at $196.26 or 0.00248463 BTC.
• Ethereum Classic (ETC) traded down 7.3% against the dollar and now trades at $14.41 or 0.00018244 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded 5.1% lower against the dollar and now trades at $0.15 or 0.00000190 BTC.

Siacoin Profile

Siacoin is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its genesis date was June 6th, 2015. Siacoin’s total supply is 60,108,135,676 coins and its circulating supply is 56,025,636,522 coins. Siacoin’s official website is sia.tech. 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.

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 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 Changelly, Coinbase 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