Siacoin (SC) Hits Market Capitalization of $277.89 Million

Siacoin (SC) traded up 2.7% against the US dollar during the one day period ending at 18:00 PM E.T. on October 29th. Siacoin has a market capitalization of $277.89 million and approximately $3.88 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can currently be purchased for about $0.0048 or 0.00000007 BTC on major cryptocurrency exchanges. Over the last week, Siacoin has traded down 3.9% against the US dollar.

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

• Bitcoin (BTC) traded 3.5% higher against the dollar and now trades at $72,218.63 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 8.6% against the dollar and now trades at $0.17 or 0.00000241 BTC.
• Bitcoin Cash (BCH) traded 4.2% higher against the dollar and now trades at $380.25 or 0.00526525 BTC.
• UNUS SED LEO (LEO) traded 0.3% higher against the dollar and now trades at $6.06 or 0.00008397 BTC.
• Litecoin (LTC) traded 4% higher against the dollar and now trades at $73.67 or 0.00102005 BTC.
• Monero (XMR) traded up 1% against the dollar and now trades at $163.73 or 0.00226712 BTC.
• Ethereum Classic (ETC) traded 2.3% higher against the dollar and now trades at $19.35 or 0.00026791 BTC.
• Arweave (AR) traded 3.7% higher against the dollar and now trades at $16.90 or 0.00023406 BTC.
• Bitcoin SV (BSV) traded 1% higher against the dollar and now trades at $51.63 or 0.00071487 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

Siacoin 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 57,769,785,000 coins and its circulating supply is 57,740,391,700 coins. 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. 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 possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first purchase 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 purchase Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView