Siacoin Hits 24-Hour Trading Volume of $4.76 Million (SC)

Siacoin (SC) traded 1.7% higher against the U.S. dollar during the 24 hour period ending at 15:00 PM ET on July 20th. Over the last week, Siacoin has traded up 9.9% against the U.S. dollar. One Siacoin coin can currently be purchased for about $0.0052 or 0.00000008 BTC on major cryptocurrency exchanges. Siacoin has a market capitalization of $299.69 million and approximately $4.76 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 0.5% higher against the dollar and now trades at $67,434.76 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 7.3% higher against the dollar and now trades at $0.13 or 0.00000199 BTC.
• Bitcoin Cash (BCH) traded up 1.8% against the dollar and now trades at $398.22 or 0.00590747 BTC.
• Litecoin (LTC) traded 0.3% higher against the dollar and now trades at $73.60 or 0.00109191 BTC.
• UNUS SED LEO (LEO) traded 2.2% lower against the dollar and now trades at $5.70 or 0.00008459 BTC.
• Ethereum Classic (ETC) traded up 2.5% against the dollar and now trades at $24.14 or 0.00035804 BTC.
• Monero (XMR) traded up 1.7% against the dollar and now trades at $164.43 or 0.00243930 BTC.
• Arweave (AR) traded up 1.8% against the dollar and now trades at $33.93 or 0.00050329 BTC.
• Bitcoin SV (BSV) traded up 1.3% against the dollar and now trades at $47.65 or 0.00070685 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

Siacoin (CRYPTO: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 57,769,755,000 coins and its circulating supply is 57,740,361,723 coins. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. The official website for Siacoin is sia.tech. 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.”

Buying and Selling Siacoin

It is usually not currently possible to buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, 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