Siacoin Trading Up 2.9% This Week (SC)

Siacoin (SC) traded up 1.5% against the US dollar during the 1 day period ending at 10:00 AM E.T. on February 14th. One Siacoin coin can currently be bought for about $0.0042 or 0.00000004 BTC on popular cryptocurrency exchanges. In the last seven days, Siacoin has traded 2.9% higher against the US dollar. Siacoin has a market capitalization of $232.86 million and $16.54 million worth of Siacoin was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 0.6% higher against the dollar and now trades at $96,535.81 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.3% higher against the dollar and now trades at $0.27 or 0.00000279 BTC.
• Litecoin (LTC) traded 4.6% higher against the dollar and now trades at $127.06 or 0.00131624 BTC.
• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $9.81 or 0.00010158 BTC.
• Bitcoin Cash (BCH) traded 3.3% higher against the dollar and now trades at $342.04 or 0.00354318 BTC.
• Monero (XMR) traded up 2.2% against the dollar and now trades at $228.75 or 0.00236954 BTC.
• Ethereum Classic (ETC) traded up 1.2% against the dollar and now trades at $21.31 or 0.00022073 BTC.
• IOTA (MIOTA) traded 2.7% higher against the dollar and now trades at $0.24 or 0.00000251 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 1.6% against the dollar and now trades at $39.87 or 0.00041304 BTC.

Siacoin Profile

Siacoin 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 59,621,445,676 coins and its circulating supply is 56,025,636,522 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 possible to purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini 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