Siacoin (SC) Trading 3.1% Lower Over Last Week

Siacoin (SC) traded down 3.5% against the U.S. dollar during the one day period ending at 8:00 AM Eastern on May 5th. One Siacoin coin can now be bought for approximately $0.0072 or 0.00000011 BTC on major exchanges. Over the last seven days, Siacoin has traded 3.1% lower against the U.S. dollar. Siacoin has a total market cap of $412.32 million and $12.13 million worth of Siacoin was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 0.6% lower against the dollar and now trades at $63,742.76 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.6% against the dollar and now trades at $0.16 or 0.00000252 BTC.
• Bitcoin Cash (BCH) traded 1.7% lower against the dollar and now trades at $463.14 or 0.00726579 BTC.
• Litecoin (LTC) traded 1.8% lower against the dollar and now trades at $80.94 or 0.00126986 BTC.
• UNUS SED LEO (LEO) traded 1.5% lower against the dollar and now trades at $5.77 or 0.00009055 BTC.
• Ethereum Classic (ETC) traded 1% lower against the dollar and now trades at $26.83 or 0.00042091 BTC.
• Arweave (AR) traded 7.3% higher against the dollar and now trades at $37.47 or 0.00058784 BTC.
• Monero (XMR) traded up 2.1% against the dollar and now trades at $126.88 or 0.00199051 BTC.
• Bitcoin SV (BSV) traded 1.5% lower against the dollar and now trades at $64.47 or 0.00101142 BTC.
• eCash (XEC) traded 4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Siacoin Profile

SC is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch date was June 1st, 2015. Siacoin’s total supply is 57,216,165,000 coins and its circulating supply is 57,058,591,976 coins. The official website for Siacoin 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 purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to acquire Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. 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