Siacoin Price Tops $0.0071 on Exchanges (SC)

Siacoin (SC) traded 2% higher against the US dollar during the 1-day period ending at 22:00 PM Eastern on May 9th. Siacoin has a market capitalization of $407.87 million and $6.05 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can currently be purchased for about $0.0071 or 0.00000011 BTC on popular cryptocurrency exchanges. During the last seven days, Siacoin has traded up 2.9% against the US dollar.

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

• Bitcoin (BTC) traded 2.2% higher against the dollar and now trades at $62,808.37 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.5% higher against the dollar and now trades at $0.15 or 0.00000240 BTC.
• Bitcoin Cash (BCH) traded up 0.3% against the dollar and now trades at $452.25 or 0.00720175 BTC.
• Litecoin (LTC) traded 1.8% higher against the dollar and now trades at $83.29 or 0.00132639 BTC.
• UNUS SED LEO (LEO) traded 0.6% lower against the dollar and now trades at $5.90 or 0.00009393 BTC.
• Ethereum Classic (ETC) traded up 2.1% against the dollar and now trades at $27.66 or 0.00044047 BTC.
• Arweave (AR) traded 9.3% higher against the dollar and now trades at $42.21 or 0.00067216 BTC.
• Monero (XMR) traded down 0.7% against the dollar and now trades at $132.01 or 0.00210216 BTC.
• Bitcoin SV (BSV) traded 3.8% higher against the dollar and now trades at $64.89 or 0.00103336 BTC.
• eCash (XEC) traded up 2.3% 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. It was first traded on June 1st, 2015. Siacoin’s total supply is 57,235,965,000 coins and its circulating supply is 57,209,778,966 coins. The official website for Siacoin 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.”

Buying and Selling Siacoin

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 GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView