Siacoin (SC) Price Tops $0.0042 on Exchanges

Siacoin (SC) traded down 0.6% against the US dollar during the 24 hour period ending at 10:00 AM ET on September 18th. Siacoin has a market capitalization of $242.31 million and $2.36 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can currently be purchased for approximately $0.0042 or 0.00000007 BTC on major cryptocurrency exchanges. During the last week, Siacoin has traded down 0.2% against the US dollar.

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

• Bitcoin (BTC) traded down 1.4% against the dollar and now trades at $59,417.44 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.4% against the dollar and now trades at $0.10 or 0.00000169 BTC.
• Bitcoin Cash (BCH) traded 2.1% lower against the dollar and now trades at $308.60 or 0.00518735 BTC.
• UNUS SED LEO (LEO) traded 1.4% lower against the dollar and now trades at $5.60 or 0.00009417 BTC.
• Litecoin (LTC) traded 0.4% lower against the dollar and now trades at $62.68 or 0.00105362 BTC.
• Monero (XMR) traded 0.2% higher against the dollar and now trades at $171.65 or 0.00288540 BTC.
• Ethereum Classic (ETC) traded 1.9% lower against the dollar and now trades at $17.53 or 0.00029473 BTC.
• Arweave (AR) traded 4% lower against the dollar and now trades at $18.04 or 0.00030329 BTC.
• Bitcoin SV (BSV) traded 3.2% lower against the dollar and now trades at $45.35 or 0.00076239 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

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 website 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.”

Siacoin Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView