Siacoin Trading Down 8.1% Over Last Week (SC)

Siacoin (SC) traded down 4.4% against the dollar during the 1-day period ending at 21:00 PM Eastern on October 25th. In the last seven days, Siacoin has traded down 8.1% against the dollar. Siacoin has a market capitalization of $267.69 million and $6.12 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can now be purchased for approximately $0.0046 or 0.00000007 BTC on exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 2.1% lower against the dollar and now trades at $66,480.91 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 5.7% against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Bitcoin Cash (BCH) traded 3.7% lower against the dollar and now trades at $350.64 or 0.00527424 BTC.
• UNUS SED LEO (LEO) traded down 1.4% against the dollar and now trades at $6.00 or 0.00009031 BTC.
• Litecoin (LTC) traded 2.5% lower against the dollar and now trades at $69.30 or 0.00104237 BTC.
• Monero (XMR) traded up 0.4% against the dollar and now trades at $157.85 or 0.00237434 BTC.
• Ethereum Classic (ETC) traded 2.4% lower against the dollar and now trades at $18.33 or 0.00027572 BTC.
• Arweave (AR) traded 15.1% lower against the dollar and now trades at $15.47 or 0.00023273 BTC.
• Bitcoin SV (BSV) traded down 5.8% against the dollar and now trades at $45.39 or 0.00068269 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 launched 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 Twitter account is @sia__foundation and its Facebook page is accessible here. Siacoin’s official website is sia.tech. 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.”

Siacoin Coin Trading

It is usually not 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 exchanges listed above.

SC/USD price chart by TradingView