Siacoin (SC) Trading 10.4% Higher Over Last Week

Siacoin (SC) traded up 2% against the US dollar during the 1 day period ending at 21:00 PM E.T. on April 22nd. In the last week, Siacoin has traded up 10.4% against the US dollar. One Siacoin coin can now be bought for approximately $0.0080 or 0.00000012 BTC on popular cryptocurrency exchanges. Siacoin has a total market capitalization of $458.32 million and approximately $11.38 million worth of Siacoin was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 2.1% higher against the dollar and now trades at $66,990.39 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.6% against the dollar and now trades at $0.16 or 0.00000241 BTC.
• Bitcoin Cash (BCH) traded up 2.5% against the dollar and now trades at $520.95 or 0.00777648 BTC.
• Litecoin (LTC) traded 0.7% higher against the dollar and now trades at $85.55 or 0.00127708 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $5.76 or 0.00008592 BTC.
• Ethereum Classic (ETC) traded up 2.3% against the dollar and now trades at $28.44 or 0.00042461 BTC.
• Arweave (AR) traded up 6.4% against the dollar and now trades at $35.75 or 0.00053365 BTC.
• Monero (XMR) traded up 0.6% against the dollar and now trades at $121.79 or 0.00181800 BTC.
• Bitcoin SV (BSV) traded 3.6% higher against the dollar and now trades at $72.69 or 0.00108512 BTC.
• eCash (XEC) traded up 3.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Siacoin Profile

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 57,031,875,000 coins and its circulating supply is 57,005,157,458 coins. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here. Siacoin’s official website is sia.tech. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed 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 presently possible to buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView