Siacoin (SC) Achieves Market Cap of $585.52 Million

Siacoin (SC) traded 0.5% lower against the US dollar during the twenty-four hour period ending at 8:00 AM Eastern on March 29th. Siacoin has a market capitalization of $585.52 million and $44.51 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can currently be bought for about $0.0103 or 0.00000015 BTC on exchanges. During the last seven days, Siacoin has traded 14.4% higher against the US dollar.

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

• Bitcoin (BTC) traded 0.3% lower against the dollar and now trades at $70,130.79 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.4% lower against the dollar and now trades at $0.21 or 0.00000305 BTC.
• Bitcoin Cash (BCH) traded 11.4% higher against the dollar and now trades at $633.12 or 0.00902770 BTC.
• Litecoin (LTC) traded up 8.4% against the dollar and now trades at $103.44 or 0.00147499 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $6.07 or 0.00008656 BTC.
• Ethereum Classic (ETC) traded 8.2% higher against the dollar and now trades at $34.74 or 0.00049543 BTC.
• Arweave (AR) traded 3% lower against the dollar and now trades at $41.42 or 0.00059060 BTC.
• Monero (XMR) traded 1.2% lower against the dollar and now trades at $135.15 or 0.00192714 BTC.
• Bitcoin SV (BSV) traded 8.2% higher against the dollar and now trades at $100.67 or 0.00143542 BTC.
• Conflux (CFX) traded up 2.1% against the dollar and now trades at $0.48 or 0.00000684 BTC.

About Siacoin

Siacoin (CRYPTO:SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its genesis date was June 1st, 2015. Siacoin’s total supply is 56,794,035,000 coins and its circulating supply is 56,768,470,912 coins. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. Siacoin’s official website 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 presently possible to purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. 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