Siacoin (SC) Hits 1-Day Trading Volume of $8.37 Million

Siacoin (SC) traded 3.6% lower against the U.S. dollar during the 1-day period ending at 13:00 PM E.T. on April 26th. One Siacoin coin can now be purchased for $0.0074 or 0.00000012 BTC on major cryptocurrency exchanges. During the last seven days, Siacoin has traded 5.2% higher against the U.S. dollar. Siacoin has a total market cap of $421.53 million and $8.37 million worth of Siacoin was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 1.5% against the dollar and now trades at $63,648.50 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.2% against the dollar and now trades at $0.15 or 0.00000233 BTC.
• Bitcoin Cash (BCH) traded 1% higher against the dollar and now trades at $482.52 or 0.00758096 BTC.
• Litecoin (LTC) traded up 3.6% against the dollar and now trades at $86.71 or 0.00136231 BTC.
• UNUS SED LEO (LEO) traded up 1.1% against the dollar and now trades at $5.85 or 0.00009184 BTC.
• Ethereum Classic (ETC) traded 2.8% higher against the dollar and now trades at $27.05 or 0.00042501 BTC.
• Monero (XMR) traded 2.2% higher against the dollar and now trades at $122.27 or 0.00192099 BTC.
• Arweave (AR) traded 0.4% higher against the dollar and now trades at $31.57 or 0.00049602 BTC.
• Bitcoin SV (BSV) traded 1.7% lower against the dollar and now trades at $65.84 or 0.00103441 BTC.
• eCash (XEC) traded up 1.1% against the dollar and now trades at $0.0001 or 0.00000000 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 57,047,625,000 coins and its circulating supply is 57,021,002,649 coins. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here. The official website for Siacoin is sia.tech. 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 presently possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView