Siacoin Price Hits $0.0093 on Exchanges (SC)

Siacoin (SC) traded 1.9% higher against the U.S. dollar during the one day period ending at 13:00 PM Eastern on April 3rd. Siacoin has a total market capitalization of $526.87 million and $27.66 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can now be purchased for $0.0093 or 0.00000014 BTC on popular exchanges. During the last week, Siacoin has traded 12.7% lower against the U.S. dollar.

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

  • Bitcoin (BTC) traded 0.6% higher against the dollar and now trades at $65,915.50 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 4.2% lower against the dollar and now trades at $0.18 or 0.00000268 BTC.
  • Bitcoin Cash (BCH) traded down 8.4% against the dollar and now trades at $580.92 or 0.00881048 BTC.
  • Litecoin (LTC) traded 6.6% lower against the dollar and now trades at $98.57 or 0.00149500 BTC.
  • UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $6.03 or 0.00009139 BTC.
  • Ethereum Classic (ETC) traded up 1% against the dollar and now trades at $30.56 or 0.00046351 BTC.
  • Monero (XMR) traded 5.6% higher against the dollar and now trades at $126.99 or 0.00192593 BTC.
  • Arweave (AR) traded down 0.7% against the dollar and now trades at $33.63 or 0.00051005 BTC.
  • Bitcoin SV (BSV) traded up 4.7% against the dollar and now trades at $91.48 or 0.00138744 BTC.
  • Conflux (CFX) traded 1% lower against the dollar and now trades at $0.36 or 0.00000547 BTC.

About Siacoin

Siacoin is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It was first traded on June 1st, 2015. Siacoin’s total supply is 56,815,755,000 coins and its circulating supply is 56,790,934,942 coins. 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. The official website for Siacoin is sia.tech.

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 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 Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Siacoin using one of the aforementioned exchanges.

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