Siacoin 24 Hour Volume Hits $8.42 Million (SC)

Siacoin (SC) traded 8.2% lower against the US dollar during the one day period ending at 19:00 PM Eastern on June 18th. In the last seven days, Siacoin has traded 23.3% lower against the US dollar. Siacoin has a market capitalization of $247.59 million and approximately $8.42 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can currently be purchased for about $0.0043 or 0.00000007 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 2.1% lower against the dollar and now trades at $65,219.97 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6% lower against the dollar and now trades at $0.12 or 0.00000187 BTC.
• Bitcoin Cash (BCH) traded down 8% against the dollar and now trades at $388.95 or 0.00596366 BTC.
• Litecoin (LTC) traded 5.5% lower against the dollar and now trades at $72.61 or 0.00111330 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $5.73 or 0.00008787 BTC.
• Ethereum Classic (ETC) traded 4.7% lower against the dollar and now trades at $23.09 or 0.00035404 BTC.
• Monero (XMR) traded 0.7% lower against the dollar and now trades at $171.87 or 0.00263517 BTC.
• Arweave (AR) traded 3.4% lower against the dollar and now trades at $25.86 or 0.00039646 BTC.
• Bitcoin SV (BSV) traded down 9.5% against the dollar and now trades at $43.18 or 0.00066204 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

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 57,540,015,000 coins and its circulating supply is 57,512,035,909 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. Siacoin’s official website 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.”

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 Coinbase, GDAX 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