Siacoin (SC) 24 Hour Volume Hits $3.39 Million

Siacoin (SC) traded 2.6% higher against the US dollar during the 24 hour period ending at 11:00 AM ET on October 12th. Siacoin has a market capitalization of $280.91 million and $3.39 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can now be bought for about $0.0049 or 0.00000008 BTC on popular cryptocurrency exchanges. During the last seven days, Siacoin has traded up 1.4% against the US dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 1.8% higher against the dollar and now trades at $63,147.29 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.4% higher against the dollar and now trades at $0.11 or 0.00000177 BTC.
• Bitcoin Cash (BCH) traded 1.7% higher against the dollar and now trades at $330.81 or 0.00523875 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $6.03 or 0.00009553 BTC.
• Litecoin (LTC) traded 1.9% higher against the dollar and now trades at $66.44 or 0.00105211 BTC.
• Monero (XMR) traded up 1.4% against the dollar and now trades at $153.02 or 0.00242315 BTC.
• Ethereum Classic (ETC) traded 2.2% higher against the dollar and now trades at $18.89 or 0.00029914 BTC.
• Arweave (AR) traded up 2.4% against the dollar and now trades at $19.57 or 0.00030984 BTC.
• Bitcoin SV (BSV) traded 1.6% higher against the dollar and now trades at $45.85 or 0.00072603 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

Siacoin is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its genesis date was June 1st, 2015. Siacoin’s total supply is 57,769,785,000 coins and its circulating supply is 57,740,391,700 coins. 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. The official website for Siacoin 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.”

Buying and Selling Siacoin

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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