Siacoin Hits Market Cap of $249.61 Million (SC)

Siacoin (SC) traded 0.3% higher against the dollar during the 1 day period ending at 23:00 PM ET on September 12th. Siacoin has a total market capitalization of $249.61 million and $1.98 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can now be purchased for approximately $0.0043 or 0.00000007 BTC on popular exchanges. Over the last week, Siacoin has traded up 5.1% against the dollar.

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

• Bitcoin (BTC) traded down 0.3% against the dollar and now trades at $58,055.02 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.2% against the dollar and now trades at $0.10 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded 2.5% lower against the dollar and now trades at $330.76 or 0.00569737 BTC.
• UNUS SED LEO (LEO) traded down 1.4% against the dollar and now trades at $5.69 or 0.00009804 BTC.
• Litecoin (LTC) traded 0.9% higher against the dollar and now trades at $62.76 or 0.00108112 BTC.
• Monero (XMR) traded 2.4% lower against the dollar and now trades at $170.80 or 0.00294199 BTC.
• Ethereum Classic (ETC) traded 0.4% lower against the dollar and now trades at $18.47 or 0.00031820 BTC.
• Arweave (AR) traded down 2% against the dollar and now trades at $19.96 or 0.00034387 BTC.
• Bitcoin SV (BSV) traded down 2.8% against the dollar and now trades at $47.86 or 0.00082432 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

Siacoin is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its genesis 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. 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. The official website for Siacoin 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.”

Buying and Selling Siacoin

It is usually not currently possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView