Siacoin (SC) Achieves Market Cap of $239.33 Million

Siacoin (SC) traded 1% higher against the U.S. dollar during the 1 day period ending at 8:00 AM ET on September 8th. One Siacoin coin can currently be bought for approximately $0.0041 or 0.00000008 BTC on cryptocurrency exchanges. In the last seven days, Siacoin has traded down 1.4% against the U.S. dollar. Siacoin has a market capitalization of $239.33 million and $2.07 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded down 0.1% against the dollar and now trades at $54,578.14 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.2% against the dollar and now trades at $0.0958 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded up 0.2% against the dollar and now trades at $303.68 or 0.00556405 BTC.
• UNUS SED LEO (LEO) traded 2.3% higher against the dollar and now trades at $5.51 or 0.00010102 BTC.
• Litecoin (LTC) traded down 2.2% against the dollar and now trades at $62.08 or 0.00113741 BTC.
• Monero (XMR) traded up 1.4% against the dollar and now trades at $171.33 or 0.00313913 BTC.
• Ethereum Classic (ETC) traded 1.1% higher against the dollar and now trades at $17.79 or 0.00032603 BTC.
• Arweave (AR) traded down 1.9% against the dollar and now trades at $20.18 or 0.00036977 BTC.
• Bitcoin SV (BSV) traded down 1.7% against the dollar and now trades at $44.53 or 0.00081586 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

Siacoin is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It launched on June 1st, 2015. Siacoin’s total supply is 57,769,785,000 coins and its circulating supply is 57,740,391,700 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 presently possible to buy alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to acquire Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. 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