Siacoin Tops 1-Day Trading Volume of $7.00 Million (SC)

Siacoin (SC) traded 2.3% lower against the dollar during the 1-day period ending at 7:00 AM Eastern on January 20th. Over the last week, Siacoin has traded 6.1% lower against the dollar. One Siacoin coin can currently be purchased for approximately $0.0016 or 0.00000002 BTC on popular cryptocurrency exchanges. Siacoin has a market cap of $87.13 million and $7.00 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded down 1.8% against the dollar and now trades at $3.67 or 0.00004027 BTC.
• Bitcoin (BTC) traded 2.2% lower against the dollar and now trades at $91,173.51 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.9% against the dollar and now trades at $0.13 or 0.00000138 BTC.
• Bitcoin Cash (BCH) traded down 2.3% against the dollar and now trades at $576.77 or 0.00632609 BTC.
• Monero (XMR) traded 11.5% lower against the dollar and now trades at $568.36 or 0.00623380 BTC.
• UNUS SED LEO (LEO) traded down 3.4% against the dollar and now trades at $8.70 or 0.00009547 BTC.
• Zcash (ZEC) traded 1.9% lower against the dollar and now trades at $366.29 or 0.00401747 BTC.
• Litecoin (LTC) traded down 1.2% against the dollar and now trades at $69.44 or 0.00076165 BTC.
• Ethereum Classic (ETC) traded 1.6% lower against the dollar and now trades at $11.77 or 0.00012904 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

SC is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its genesis date was June 6th, 2015. Siacoin’s total supply is 62,217,525,676 coins and its circulating supply is 56,025,636,522 coins. Siacoin’s official message board is sia.tech/blog. Siacoin’s official Twitter account is @siafoundation and its Facebook page is accessible here. 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.

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 acquire Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. 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