Siacoin Market Cap Hits $344.39 Million (SC)

Siacoin (SC) traded up 6.7% against the US dollar during the 1 day period ending at 10:00 AM Eastern on December 24th. One Siacoin coin can now be bought for approximately $0.0060 or 0.00000006 BTC on major exchanges. During the last seven days, Siacoin has traded down 7.9% against the US dollar. Siacoin has a total market capitalization of $344.39 million and approximately $35.04 million worth of Siacoin was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 4.5% higher against the dollar and now trades at $97,418.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 8.2% against the dollar and now trades at $0.33 or 0.00000341 BTC.
• Bitcoin Cash (BCH) traded up 8.6% against the dollar and now trades at $473.03 or 0.00485564 BTC.
• UNUS SED LEO (LEO) traded 0.6% higher against the dollar and now trades at $9.43 or 0.00009677 BTC.
• Litecoin (LTC) traded up 8.9% against the dollar and now trades at $109.24 or 0.00112132 BTC.
• Ethereum Classic (ETC) traded up 7.3% against the dollar and now trades at $27.92 or 0.00028660 BTC.
• Monero (XMR) traded up 0.5% against the dollar and now trades at $190.70 or 0.00195750 BTC.
• IOTA (MIOTA) traded 18% higher against the dollar and now trades at $0.35 or 0.00000356 BTC.
• Arweave (AR) traded 13.1% higher against the dollar and now trades at $17.87 or 0.00018345 BTC.
• Zcash (ZEC) traded 15.5% higher against the dollar and now trades at $69.87 or 0.00071717 BTC.

Siacoin Profile

SC is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its genesis date was June 1st, 2015. Siacoin’s total supply is 57,769,785,000 coins and its circulating supply is 57,740,391,700 coins. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. The official website for Siacoin is sia.tech. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible 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 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 Gemini, Coinbase or Changelly. 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