Siacoin Price Reaches $0.0042 (SC)

Siacoin (SC) traded 1.6% lower against the U.S. dollar during the 1-day period ending at 19:00 PM ET on September 15th. Siacoin has a total market capitalization of $245.16 million and $1.74 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can now be purchased for $0.0042 or 0.00000007 BTC on major cryptocurrency exchanges. During the last seven days, Siacoin has traded 2.1% higher against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 2% against the dollar and now trades at $58,804.03 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.7% against the dollar and now trades at $0.10 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded down 3.8% against the dollar and now trades at $315.44 or 0.00535880 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $5.71 or 0.00009693 BTC.
• Litecoin (LTC) traded down 4.2% against the dollar and now trades at $63.27 or 0.00107477 BTC.
• Monero (XMR) traded 1.4% higher against the dollar and now trades at $170.47 or 0.00289590 BTC.
• Ethereum Classic (ETC) traded down 4.4% against the dollar and now trades at $17.77 or 0.00030194 BTC.
• Arweave (AR) traded 5.5% lower against the dollar and now trades at $18.94 or 0.00032171 BTC.
• Bitcoin SV (BSV) traded down 4.3% against the dollar and now trades at $46.46 or 0.00078922 BTC.
• NyanCoin (NYAN) traded down 2.2% 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. Its launch 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.”

Siacoin Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire 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