Siacoin Trading 10.8% Lower This Week (SC)

Siacoin (SC) traded up 0.9% against the dollar during the twenty-four hour period ending at 9:00 AM ET on March 2nd. In the last seven days, Siacoin has traded 10.8% lower against the dollar. Siacoin has a total market cap of $205.22 million and approximately $12.84 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can now be purchased for approximately $0.0037 or 0.00000004 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 0.6% against the dollar and now trades at $85,120.05 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.9% against the dollar and now trades at $0.20 or 0.00000238 BTC.
• Litecoin (LTC) traded down 4.6% against the dollar and now trades at $119.25 or 0.00140092 BTC.
• UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $9.75 or 0.00011453 BTC.
• Bitcoin Cash (BCH) traded up 2.8% against the dollar and now trades at $317.23 or 0.00372690 BTC.
• Monero (XMR) traded up 3.3% against the dollar and now trades at $224.74 or 0.00264032 BTC.
• Ethereum Classic (ETC) traded down 0% against the dollar and now trades at $18.93 or 0.00022234 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded 3.5% higher against the dollar and now trades at $0.21 or 0.00000241 BTC.
• Bitcoin SV (BSV) traded up 0.3% against the dollar and now trades at $34.43 or 0.00040447 BTC.

Siacoin Profile

Siacoin (CRYPTO: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 59,689,725,676 coins and its circulating supply is 56,025,636,522 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 Twitter account is @sia__foundation and its Facebook page is accessible here. The official website for Siacoin is sia.tech.

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 currently possible to buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. 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