Siacoin Price Reaches $0.0026 (SC)

Siacoin (SC) traded 2.4% lower against the U.S. dollar during the 1 day period ending at 17:00 PM E.T. on November 24th. One Siacoin coin can now be purchased for $0.0026 or 0.00000016 BTC on major exchanges. In the last week, Siacoin has traded 11.8% higher against the U.S. dollar. Siacoin has a total market cap of $135.24 million and $4.57 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed in the last 24 hours:

  • Bitcoin (BTC) traded 0.6% higher against the dollar and now trades at $16,592.76 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded up 0.1% against the dollar and now trades at $0.0812 or 0.00000489 BTC.
  • Litecoin (LTC) traded 1.4% lower against the dollar and now trades at $77.73 or 0.00468467 BTC.
  • UNUS SED LEO (LEO) traded 0.7% lower against the dollar and now trades at $4.22 or 0.00025425 BTC.
  • Ethereum Classic (ETC) traded 1.7% higher against the dollar and now trades at $20.19 or 0.00121682 BTC.
  • Monero (XMR) traded 1.8% higher against the dollar and now trades at $136.90 or 0.00825060 BTC.
  • Bitcoin Cash (BCH) traded 1.6% higher against the dollar and now trades at $116.44 or 0.00701776 BTC.
  • DEI (DEI) traded down 2.3% against the dollar and now trades at $0.28 or 0.00001672 BTC.
  • Pax Dollar (USDP) traded down 0.6% against the dollar and now trades at $1.00 or 0.00006029 BTC.
  • Bitcoin SV (BSV) traded 0.6% higher against the dollar and now trades at $39.89 or 0.00240398 BTC.

Siacoin Profile

Siacoin 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 52,572,682,991 coins. Siacoin’s official website is sia.tech. Siacoin’s official Twitter account is @skynetlabs 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.

According to CryptoCompare, “Sia is an actively developed decentralized storage platform. Users all over the world contribute disk storage from their┬ácomputers to form a decentralized network.Anybody with siacoins can rent storage from hosts on Sia. This is accomplish via “smart” storage contracts stored on the Sia blockchain. The smart contract provides a payment to the host only after the host has kept the file for a given amount of time. If the host loses the file, the host does not get paid.The distrubuted nature of the Sia network enables many optimizations in latency, throughput, reliability, and security. The decentralized nature of the Sia network enables anyone with storage to get paid, lowering the barrier to entry and reducing the overall price of cloud storage.The Sia cryptocurrency is live! You can rent storage using siacoins and hosts providing storage to the network receive compensation in the form of siacoins. The storage platform itself is still in beta, and only uploads that are 500mb or less in size are supported by the wallet.”

Siacoin Coin Trading

It is usually not 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 Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the exchanges listed above.

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