Siacoin (SC) Trading Down 5.1% Over Last 7 Days

Siacoin (SC) traded 1.1% lower against the U.S. dollar during the 1-day period ending at 10:00 AM Eastern on November 1st. During the last seven days, Siacoin has traded 5.1% lower against the U.S. dollar. One Siacoin coin can currently be bought for approximately $0.0046 or 0.00000006 BTC on major cryptocurrency exchanges. Siacoin has a total market capitalization of $263.92 million and $3.85 million worth of Siacoin was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded up 0.9% against the dollar and now trades at $70,476.19 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.6% against the dollar and now trades at $0.16 or 0.00000231 BTC.
• Bitcoin Cash (BCH) traded down 5.4% against the dollar and now trades at $353.12 or 0.00501047 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $6.05 or 0.00008589 BTC.
• Litecoin (LTC) traded down 1.7% against the dollar and now trades at $70.14 or 0.00099529 BTC.
• Monero (XMR) traded down 1.4% against the dollar and now trades at $156.92 or 0.00222654 BTC.
• Ethereum Classic (ETC) traded down 3.2% against the dollar and now trades at $18.59 or 0.00026380 BTC.
• Arweave (AR) traded 2.5% lower against the dollar and now trades at $15.65 or 0.00022208 BTC.
• Bitcoin SV (BSV) traded down 3.6% against the dollar and now trades at $50.65 or 0.00071871 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

SC is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch 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. Siacoin’s official website 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.”

Buying and Selling Siacoin

It is usually not possible to buy alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView