Siacoin (SC) Trading Down 1.8% This Week

Siacoin (SC) traded down 2.7% against the dollar during the 1-day period ending at 7:00 AM Eastern on January 16th. Over the last seven days, Siacoin has traded 1.8% lower against the dollar. Siacoin has a total market capitalization of $92.60 million and approximately $5.39 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can currently be purchased for approximately $0.0017 or 0.00000002 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Arweave (AR) traded 0.1% higher against the dollar and now trades at $4.02 or 0.00004218 BTC.
• Bitcoin (BTC) traded 1.5% lower against the dollar and now trades at $95,312.28 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4% against the dollar and now trades at $0.14 or 0.00000145 BTC.
• Monero (XMR) traded down 1.1% against the dollar and now trades at $702.48 or 0.00737029 BTC.
• Bitcoin Cash (BCH) traded 4.4% lower against the dollar and now trades at $599.53 or 0.00629017 BTC.
• UNUS SED LEO (LEO) traded down 0% against the dollar and now trades at $8.90 or 0.00009337 BTC.
• Zcash (ZEC) traded down 7% against the dollar and now trades at $410.73 or 0.00430932 BTC.
• Litecoin (LTC) traded 4.5% lower against the dollar and now trades at $72.24 or 0.00075792 BTC.
• Ethereum Classic (ETC) traded down 3.5% against the dollar and now trades at $12.54 or 0.00013154 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It was first traded on 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 Twitter account is @siafoundation and its Facebook page is accessible here. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. Siacoin’s official website is sia.tech. The official message board for Siacoin is sia.tech/blog.

According to CryptoCompare, “Sia is an actively developed decentralized storage platform. Users all over the world contribute disk storage from their computers to form a decentralized network.Anybody with siacoins can rent storage from hosts on Sia. This is accomplish via “smart” storage contracts stored on the Sia blockchain. The smart contract provides a payment to the host only after the host has kept the file for a given amount of time. If the host loses the file, the host does not get paid.The distrubuted nature of the Sia network enables many optimizations in latency, throughput, reliability, and security. The decentralized nature of the Sia network enables anyone with storage to get paid, lowering the barrier to entry and reducing the overall price of cloud storage.The Sia cryptocurrency is live! You can rent storage using siacoins and hosts providing storage to the network receive compensation in the form of siacoins. The storage platform itself is still in beta, and only uploads that are 500mb or less in size are supported by the wallet.”

Siacoin Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly 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