Siacoin Price Up 8.2% Over Last 7 Days (SC)

Siacoin (SC) traded up 5.7% against the US dollar during the 1 day period ending at 0:00 AM Eastern on October 18th. One Siacoin coin can currently be purchased for approximately $0.0052 or 0.00000008 BTC on cryptocurrency exchanges. Over the last week, Siacoin has traded up 8.2% against the US dollar. Siacoin has a market cap of $298.39 million and approximately $8.16 million worth of Siacoin was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 1.3% higher against the dollar and now trades at $68,468.42 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 8.7% against the dollar and now trades at $0.14 or 0.00000211 BTC.
• Bitcoin Cash (BCH) traded down 1.3% against the dollar and now trades at $366.80 or 0.00535727 BTC.
• UNUS SED LEO (LEO) traded 0.6% lower against the dollar and now trades at $6.06 or 0.00008855 BTC.
• Litecoin (LTC) traded up 1.1% against the dollar and now trades at $73.80 or 0.00107781 BTC.
• Monero (XMR) traded up 1.2% against the dollar and now trades at $160.15 or 0.00233897 BTC.
• Ethereum Classic (ETC) traded up 2.1% against the dollar and now trades at $19.50 or 0.00028474 BTC.
• Arweave (AR) traded up 1.9% against the dollar and now trades at $19.09 or 0.00027887 BTC.
• Bitcoin SV (BSV) traded down 0.2% against the dollar and now trades at $51.17 or 0.00074742 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

Siacoin (CRYPTO:SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It was first traded 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. 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.

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 acquire Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. 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