Siacoin (SC) One Day Trading Volume Hits $3.08 Million

Siacoin (SC) traded up 2.4% against the U.S. dollar during the one day period ending at 0:00 AM Eastern on June 27th. Siacoin has a total market cap of $269.23 million and approximately $3.08 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can currently be bought for about $0.0047 or 0.00000008 BTC on popular exchanges. During the last seven days, Siacoin has traded up 2.1% against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 1.2% higher against the dollar and now trades at $61,748.45 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.5% higher against the dollar and now trades at $0.13 or 0.00000205 BTC.
• Bitcoin Cash (BCH) traded 3.4% higher against the dollar and now trades at $389.54 or 0.00630700 BTC.
• Litecoin (LTC) traded up 3.9% against the dollar and now trades at $73.69 or 0.00119313 BTC.
• UNUS SED LEO (LEO) traded up 1.3% against the dollar and now trades at $5.78 or 0.00009354 BTC.
• Ethereum Classic (ETC) traded 3.4% higher against the dollar and now trades at $24.21 or 0.00039205 BTC.
• Monero (XMR) traded 1.4% higher against the dollar and now trades at $166.89 or 0.00270209 BTC.
• Arweave (AR) traded 1.2% higher against the dollar and now trades at $26.17 or 0.00042366 BTC.
• Bitcoin SV (BSV) traded up 2.6% against the dollar and now trades at $45.62 or 0.00073857 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

Siacoin (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 57,579,495,000 coins and its circulating supply is 57,551,945,031 coins. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here. Siacoin’s official website is sia.tech. 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 currently possible to buy alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly 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