Siacoin Price Hits $0.0071 on Major Exchanges (SC)

Siacoin (SC) traded down 2.4% against the US dollar during the 1-day period ending at 22:00 PM E.T. on April 16th. Siacoin has a total market capitalization of $405.11 million and approximately $15.12 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can currently be bought for about $0.0071 or 0.00000011 BTC on cryptocurrency exchanges. Over the last week, Siacoin has traded 24.2% lower against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 1.1% higher against the dollar and now trades at $64,004.50 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.9% lower against the dollar and now trades at $0.16 or 0.00000244 BTC.
• Bitcoin Cash (BCH) traded 3.9% lower against the dollar and now trades at $484.39 or 0.00756806 BTC.
• Litecoin (LTC) traded 3.1% higher against the dollar and now trades at $79.97 or 0.00124940 BTC.
• UNUS SED LEO (LEO) traded down 0.9% against the dollar and now trades at $5.86 or 0.00009156 BTC.
• Ethereum Classic (ETC) traded down 0.6% against the dollar and now trades at $26.27 or 0.00041043 BTC.
• Monero (XMR) traded up 0.4% against the dollar and now trades at $122.31 or 0.00191100 BTC.
• Arweave (AR) traded down 4.9% against the dollar and now trades at $24.48 or 0.00038249 BTC.
• Bitcoin SV (BSV) traded 0.4% higher against the dollar and now trades at $66.82 or 0.00104400 BTC.
• eCash (XEC) traded down 0.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Siacoin Coin Profile

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch date was June 1st, 2015. Siacoin’s total supply is 57,006,375,000 coins and its circulating supply is 56,980,515,817 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. The official website for Siacoin 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 possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView