Siacoin (SC) Trading Up 3.4% Over Last Week

Siacoin (SC) traded down 2.9% against the U.S. dollar during the 1 day period ending at 10:00 AM E.T. on May 9th. During the last seven days, Siacoin has traded up 3.4% against the U.S. dollar. Siacoin has a market capitalization of $398.04 million and $7.01 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can currently be purchased for about $0.0070 or 0.00000011 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 1.5% lower against the dollar and now trades at $61,117.61 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.7% against the dollar and now trades at $0.15 or 0.00000240 BTC.
• Bitcoin Cash (BCH) traded 3.4% lower against the dollar and now trades at $445.23 or 0.00729617 BTC.
• Litecoin (LTC) traded down 0.8% against the dollar and now trades at $81.30 or 0.00133230 BTC.
• UNUS SED LEO (LEO) traded up 0.5% against the dollar and now trades at $5.94 or 0.00009728 BTC.
• Ethereum Classic (ETC) traded down 3.2% against the dollar and now trades at $26.95 or 0.00044162 BTC.
• Arweave (AR) traded up 1.4% against the dollar and now trades at $38.03 or 0.00062317 BTC.
• Monero (XMR) traded 1.9% higher against the dollar and now trades at $130.25 or 0.00213452 BTC.
• Bitcoin SV (BSV) traded down 2% against the dollar and now trades at $62.80 or 0.00102914 BTC.
• eCash (XEC) traded 2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Siacoin

Siacoin (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 57,234,315,000 coins and its circulating supply is 57,208,137,900 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. Siacoin’s official website 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.”

Siacoin Coin Trading

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