Siacoin (SC) 24-Hour Trading Volume Hits $6.30 Million

Siacoin (SC) traded 1.3% lower against the dollar during the one day period ending at 20:00 PM ET on May 7th. Siacoin has a total market capitalization of $401.77 million and approximately $6.30 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can currently be purchased for approximately $0.0070 or 0.00000011 BTC on popular cryptocurrency exchanges. During the last week, Siacoin has traded down 0.7% against the dollar.

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

• Bitcoin (BTC) traded 1.1% lower against the dollar and now trades at $62,453.14 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.5% lower against the dollar and now trades at $0.15 or 0.00000241 BTC.
• Bitcoin Cash (BCH) traded 0.2% lower against the dollar and now trades at $469.61 or 0.00750836 BTC.
• Litecoin (LTC) traded 0.2% higher against the dollar and now trades at $80.82 or 0.00129219 BTC.
• UNUS SED LEO (LEO) traded up 0.7% against the dollar and now trades at $5.85 or 0.00009354 BTC.
• Ethereum Classic (ETC) traded 0.6% higher against the dollar and now trades at $27.16 or 0.00043421 BTC.
• Arweave (AR) traded 4.2% lower against the dollar and now trades at $38.35 or 0.00061320 BTC.
• Monero (XMR) traded down 1.7% against the dollar and now trades at $128.08 or 0.00204782 BTC.
• Bitcoin SV (BSV) traded down 0.1% against the dollar and now trades at $63.39 or 0.00101358 BTC.
• eCash (XEC) traded 0% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Siacoin Coin 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 57,226,845,000 coins and its circulating supply is 57,200,636,130 coins. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. The official website for Siacoin 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.”

Buying and Selling Siacoin

It is usually not currently 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 Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView