Siacoin (SC) Trading Down 10.1% This Week

Siacoin (SC) traded up 3% against the US dollar during the twenty-four hour period ending at 16:00 PM ET on May 2nd. One Siacoin coin can currently be bought for $0.0069 or 0.00000012 BTC on exchanges. Siacoin has a market cap of $394.49 million and approximately $6.68 million worth of Siacoin was traded on exchanges in the last day. Over the last seven days, Siacoin has traded down 10.1% against the US dollar.

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

• Bitcoin (BTC) traded 3.4% higher against the dollar and now trades at $59,325.42 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 4% against the dollar and now trades at $0.13 or 0.00000224 BTC.
• Bitcoin Cash (BCH) traded up 3.3% against the dollar and now trades at $429.70 or 0.00724307 BTC.
• Litecoin (LTC) traded 2.6% higher against the dollar and now trades at $80.72 or 0.00136066 BTC.
• UNUS SED LEO (LEO) traded 2.2% higher against the dollar and now trades at $5.93 or 0.00009995 BTC.
• Ethereum Classic (ETC) traded 3.1% higher against the dollar and now trades at $25.74 or 0.00043383 BTC.
• Arweave (AR) traded up 24.5% against the dollar and now trades at $35.31 or 0.00059521 BTC.
• Monero (XMR) traded up 0.6% against the dollar and now trades at $122.15 or 0.00205901 BTC.
• Bitcoin SV (BSV) traded up 1.7% against the dollar and now trades at $59.37 or 0.00100074 BTC.
• eCash (XEC) traded 4.8% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Siacoin 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 57,072,885,000 coins and its circulating supply is 57,045,483,446 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 purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. 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