Siacoin (SC) Trading Down 3.9% Over Last 7 Days

Siacoin (SC) traded 2.7% higher against the dollar during the one day period ending at 18:00 PM ET on October 29th. Siacoin has a market cap of $277.89 million and $3.88 million worth of Siacoin was traded on exchanges in the last 24 hours. In the last seven days, Siacoin has traded 3.9% lower against the dollar. One Siacoin coin can now be bought for $0.0048 or 0.00000007 BTC on exchanges.

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

• Bitcoin (BTC) traded up 3.5% against the dollar and now trades at $72,218.63 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 8.6% higher against the dollar and now trades at $0.17 or 0.00000241 BTC.
• Bitcoin Cash (BCH) traded 4.2% higher against the dollar and now trades at $380.25 or 0.00526525 BTC.
• UNUS SED LEO (LEO) traded 0.3% higher against the dollar and now trades at $6.06 or 0.00008397 BTC.
• Litecoin (LTC) traded 4% higher against the dollar and now trades at $73.67 or 0.00102005 BTC.
• Monero (XMR) traded up 1% against the dollar and now trades at $163.73 or 0.00226712 BTC.
• Ethereum Classic (ETC) traded up 2.3% against the dollar and now trades at $19.35 or 0.00026791 BTC.
• Arweave (AR) traded 3.7% higher against the dollar and now trades at $16.90 or 0.00023406 BTC.
• Bitcoin SV (BSV) traded up 1% against the dollar and now trades at $51.63 or 0.00071487 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

SC 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. 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 presently possible to buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView