Siacoin Price Hits $0.0071 on Exchanges (SC)

Siacoin (SC) traded down 4% against the U.S. dollar during the 24-hour period ending at 14:00 PM E.T. on May 23rd. Siacoin has a market capitalization of $407.98 million and $6.01 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can now be purchased for $0.0071 or 0.00000010 BTC on major cryptocurrency exchanges. During the last week, Siacoin has traded 3.8% higher against the U.S. dollar.

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

• Bitcoin (BTC) traded 3.6% lower against the dollar and now trades at $67,893.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.8% lower against the dollar and now trades at $0.16 or 0.00000236 BTC.
• Bitcoin Cash (BCH) traded down 3% against the dollar and now trades at $489.75 or 0.00721348 BTC.
• Litecoin (LTC) traded down 2.2% against the dollar and now trades at $84.61 or 0.00124621 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $5.98 or 0.00008802 BTC.
• Ethereum Classic (ETC) traded up 6.6% against the dollar and now trades at $32.72 or 0.00048189 BTC.
• Arweave (AR) traded 9.2% lower against the dollar and now trades at $41.48 or 0.00061097 BTC.
• Monero (XMR) traded down 0.5% against the dollar and now trades at $138.40 or 0.00203853 BTC.
• Bitcoin SV (BSV) traded down 3.9% against the dollar and now trades at $63.96 or 0.00094205 BTC.
• eCash (XEC) traded 4.7% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Siacoin Coin Profile

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 57,295,065,000 coins and its circulating supply is 57,269,143,231 coins. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. The official website for Siacoin 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 currently possible to buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView