Siacoin Price Hits $0.0045 (SC)

Siacoin (SC) traded 3.4% lower against the US dollar during the 1-day period ending at 21:00 PM E.T. on October 31st. Siacoin has a total market capitalization of $260.59 million and $3.50 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can currently be purchased for $0.0045 or 0.00000006 BTC on popular cryptocurrency exchanges. Over the last seven days, Siacoin has traded down 6.2% against the US dollar.

Here is how similar cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 3.3% lower against the dollar and now trades at $69,861.36 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.9% lower against the dollar and now trades at $0.16 or 0.00000231 BTC.
• Bitcoin Cash (BCH) traded down 4.1% against the dollar and now trades at $353.29 or 0.00505705 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $6.05 or 0.00008662 BTC.
• Litecoin (LTC) traded 3.3% lower against the dollar and now trades at $69.19 or 0.00099033 BTC.
• Monero (XMR) traded 4.5% lower against the dollar and now trades at $154.23 or 0.00220763 BTC.
• Ethereum Classic (ETC) traded down 4% against the dollar and now trades at $18.53 or 0.00026523 BTC.
• Arweave (AR) traded 6.6% lower against the dollar and now trades at $15.38 or 0.00022019 BTC.
• Bitcoin SV (BSV) traded up 0.9% against the dollar and now trades at $50.88 or 0.00072827 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 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 acquire Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase 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