Siacoin Hits 24 Hour Volume of $18.76 Million (SC)

Siacoin (SC) traded 1.9% lower against the US dollar during the 24-hour period ending at 10:00 AM Eastern on March 18th. One Siacoin coin can now be purchased for about $0.0032 or 0.00000004 BTC on cryptocurrency exchanges. During the last week, Siacoin has traded 7.5% higher against the US dollar. Siacoin has a market capitalization of $181.83 million and approximately $18.76 million worth of Siacoin was traded on exchanges in the last day.

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

• Arweave (AR) traded 3.5% lower against the dollar and now trades at $6.70 or 0.00008244 BTC.
• Bitcoin (BTC) traded down 1.2% against the dollar and now trades at $81,261.54 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.9% lower against the dollar and now trades at $0.16 or 0.00000202 BTC.
• UNUS SED LEO (LEO) traded down 0.9% against the dollar and now trades at $9.74 or 0.00011991 BTC.
• Litecoin (LTC) traded 4.6% lower against the dollar and now trades at $88.22 or 0.00108559 BTC.
• Bitcoin Cash (BCH) traded 1.8% lower against the dollar and now trades at $333.03 or 0.00409830 BTC.
• Monero (XMR) traded down 1.6% against the dollar and now trades at $207.47 or 0.00255313 BTC.
• Ethereum Classic (ETC) traded 2.7% lower against the dollar and now trades at $17.32 or 0.00021310 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 0.3% against the dollar and now trades at $33.50 or 0.00041226 BTC.

Siacoin Profile

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It launched on June 6th, 2015. Siacoin’s total supply is 59,890,425,676 coins and its circulating supply is 56,025,636,522 coins. 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. 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 possible to buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView