Siacoin (SC) Tops 24 Hour Trading Volume of $25.27 Million

Siacoin (SC) traded 2% lower against the U.S. dollar during the one day period ending at 11:00 AM ET on March 10th. One Siacoin coin can now be bought for approximately $0.0032 or 0.00000004 BTC on popular exchanges. In the last week, Siacoin has traded 13.6% lower against the U.S. dollar. Siacoin has a market cap of $177.92 million and approximately $25.27 million worth of Siacoin was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Arweave (AR) traded 12% lower against the dollar and now trades at $5.94 or 0.00007428 BTC.
• Bitcoin (BTC) traded 3.7% lower against the dollar and now trades at $79,959.38 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 7.9% lower against the dollar and now trades at $0.17 or 0.00000208 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $9.85 or 0.00012317 BTC.
• Bitcoin Cash (BCH) traded down 4.1% against the dollar and now trades at $354.21 or 0.00442987 BTC.
• Litecoin (LTC) traded down 7.3% against the dollar and now trades at $92.39 or 0.00115547 BTC.
• Monero (XMR) traded 7.7% lower against the dollar and now trades at $202.42 or 0.00253151 BTC.
• Ethereum Classic (ETC) traded down 5.9% against the dollar and now trades at $17.79 or 0.00022246 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded 3.1% lower against the dollar and now trades at $0.18 or 0.00000223 BTC.

Siacoin Profile

Siacoin 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 59,856,195,676 coins and its circulating supply is 56,025,636,522 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 buy alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to acquire Siacoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView