Siacoin Price Reaches $0.0069 on Exchanges (SC)

Siacoin (SC) traded down 1.6% against the U.S. dollar during the 24-hour period ending at 12:00 PM E.T. on May 10th. One Siacoin coin can currently be purchased for approximately $0.0069 or 0.00000011 BTC on major cryptocurrency exchanges. Siacoin has a market cap of $397.15 million and $6.11 million worth of Siacoin was traded on exchanges in the last 24 hours. During the last week, Siacoin has traded 2.1% lower against the U.S. dollar.

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

• Bitcoin (BTC) traded down 1.1% against the dollar and now trades at $60,992.03 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.5% against the dollar and now trades at $0.14 or 0.00000238 BTC.
• Bitcoin Cash (BCH) traded 3.5% lower against the dollar and now trades at $432.19 or 0.00708582 BTC.
• Litecoin (LTC) traded down 1.3% against the dollar and now trades at $80.26 or 0.00131584 BTC.
• UNUS SED LEO (LEO) traded 0.3% higher against the dollar and now trades at $5.96 or 0.00009771 BTC.
• Ethereum Classic (ETC) traded 1.6% lower against the dollar and now trades at $26.81 or 0.00043948 BTC.
• Arweave (AR) traded up 4.6% against the dollar and now trades at $42.32 or 0.00069384 BTC.
• Monero (XMR) traded up 0.6% against the dollar and now trades at $132.85 or 0.00217816 BTC.
• Bitcoin SV (BSV) traded down 1.4% against the dollar and now trades at $62.38 or 0.00102279 BTC.
• eCash (XEC) traded 2.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Siacoin Coin Profile

Siacoin (SC) 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 57,238,125,000 coins and its circulating supply is 57,212,057,714 coins. 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. 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 currently possible to purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView