Siacoin Achieves Market Cap of $238.96 Million (SC)

Siacoin (SC) traded down 3.9% against the dollar during the 24 hour period ending at 21:00 PM E.T. on September 5th. Siacoin has a market capitalization of $238.96 million and $12.95 million worth of Siacoin was traded on exchanges in the last 24 hours. During the last seven days, Siacoin has traded 4.6% lower against the dollar. One Siacoin coin can currently be bought for about $0.0041 or 0.00000007 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 3.1% lower against the dollar and now trades at $56,212.25 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.5% against the dollar and now trades at $0.0985 or 0.00000175 BTC.
• Bitcoin Cash (BCH) traded down 2.7% against the dollar and now trades at $307.13 or 0.00546379 BTC.
• UNUS SED LEO (LEO) traded down 3.9% against the dollar and now trades at $5.51 or 0.00009801 BTC.
• Litecoin (LTC) traded up 1% against the dollar and now trades at $66.52 or 0.00118340 BTC.
• Monero (XMR) traded up 1% against the dollar and now trades at $172.53 or 0.00306922 BTC.
• Ethereum Classic (ETC) traded down 2.6% against the dollar and now trades at $17.60 or 0.00031305 BTC.
• Arweave (AR) traded 1.2% lower against the dollar and now trades at $20.99 or 0.00037334 BTC.
• Bitcoin SV (BSV) traded 0.4% higher against the dollar and now trades at $45.24 or 0.00080478 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin 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 57,769,785,000 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 presently 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 GDAX, Gemini or Changelly. 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