Siacoin Price Tops $0.0072 on Exchanges (SC)

Siacoin (SC) traded up 1.6% against the dollar during the 24 hour period ending at 11:00 AM Eastern on April 20th. During the last week, Siacoin has traded down 11.4% against the dollar. One Siacoin coin can now be bought for approximately $0.0072 or 0.00000011 BTC on major cryptocurrency exchanges. Siacoin has a market capitalization of $410.50 million and $7.63 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 1.1% lower against the dollar and now trades at $63,878.62 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.4% higher against the dollar and now trades at $0.15 or 0.00000240 BTC.
• Bitcoin Cash (BCH) traded 2.2% higher against the dollar and now trades at $486.80 or 0.00762068 BTC.
• Litecoin (LTC) traded up 1.7% against the dollar and now trades at $82.57 or 0.00129258 BTC.
• UNUS SED LEO (LEO) traded 1% lower against the dollar and now trades at $5.76 or 0.00009023 BTC.
• Ethereum Classic (ETC) traded up 1.4% against the dollar and now trades at $26.47 or 0.00041442 BTC.
• Monero (XMR) traded 1.5% lower against the dollar and now trades at $117.44 or 0.00183852 BTC.
• Arweave (AR) traded up 11.8% against the dollar and now trades at $30.54 or 0.00047810 BTC.
• Bitcoin SV (BSV) traded up 1.2% against the dollar and now trades at $67.12 or 0.00105082 BTC.
• eCash (XEC) traded 0.6% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.

About Siacoin

Siacoin is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It launched on June 1st, 2015. Siacoin’s total supply is 57,021,405,000 coins and its circulating supply is 56,995,493,932 coins. Siacoin’s official Twitter account is @sia__foundation 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.

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 U.S. dollars. Investors seeking to acquire Siacoin should first buy 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 buy Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView