Siacoin (SC) Market Capitalization Tops $477.94 Million

Siacoin (SC) traded 16.9% higher against the U.S. dollar during the twenty-four hour period ending at 9:00 AM E.T. on December 4th. One Siacoin coin can now be bought for $0.0083 or 0.00000009 BTC on major exchanges. Siacoin has a total market capitalization of $477.94 million and approximately $96.23 million worth of Siacoin was traded on exchanges in the last day. In the last week, Siacoin has traded up 18% against the U.S. dollar.

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

• Bitcoin (BTC) traded 2.4% higher against the dollar and now trades at $96,328.09 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.1% higher against the dollar and now trades at $0.42 or 0.00000433 BTC.
• Bitcoin Cash (BCH) traded 8.7% higher against the dollar and now trades at $568.63 or 0.00590308 BTC.
• Litecoin (LTC) traded up 3% against the dollar and now trades at $128.48 or 0.00133374 BTC.
• UNUS SED LEO (LEO) traded up 9.1% against the dollar and now trades at $9.58 or 0.00009947 BTC.
• Ethereum Classic (ETC) traded 16.5% higher against the dollar and now trades at $36.78 or 0.00038184 BTC.
• Monero (XMR) traded 19.7% higher against the dollar and now trades at $200.72 or 0.00208368 BTC.
• Arweave (AR) traded up 4% against the dollar and now trades at $27.48 or 0.00028529 BTC.
• IOTA (MIOTA) traded 0% lower against the dollar and now trades at $0.51 or 0.00000526 BTC.
• Bitcoin SV (BSV) traded up 12.8% against the dollar and now trades at $79.73 or 0.00082769 BTC.

Siacoin Coin Profile

Siacoin 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 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. Siacoin’s official website 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 buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX 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