Siacoin Reaches 24 Hour Trading Volume of $6.45 Million (SC)

Siacoin (SC) traded 0.5% lower against the U.S. dollar during the 24 hour period ending at 9:00 AM E.T. on May 22nd. During the last week, Siacoin has traded 5.6% higher against the U.S. dollar. Siacoin has a total market cap of $419.62 million and $6.45 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can now be purchased for $0.0073 or 0.00000010 BTC on popular exchanges.

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

• Bitcoin (BTC) traded 1.1% lower against the dollar and now trades at $69,884.54 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.9% lower against the dollar and now trades at $0.16 or 0.00000234 BTC.
• Bitcoin Cash (BCH) traded down 4.6% against the dollar and now trades at $500.10 or 0.00715611 BTC.
• Litecoin (LTC) traded down 2.6% against the dollar and now trades at $86.09 or 0.00123191 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $5.99 or 0.00008577 BTC.
• Ethereum Classic (ETC) traded 6.6% lower against the dollar and now trades at $30.16 or 0.00043156 BTC.
• Arweave (AR) traded up 1.9% against the dollar and now trades at $45.01 or 0.00064410 BTC.
• Monero (XMR) traded down 4.1% against the dollar and now trades at $135.90 or 0.00194469 BTC.
• Bitcoin SV (BSV) traded 5.6% lower against the dollar and now trades at $66.49 or 0.00095146 BTC.
• eCash (XEC) traded down 3.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

About Siacoin

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It launched on June 1st, 2015. Siacoin’s total supply is 57,290,835,000 coins and its circulating supply is 57,265,237,857 coins. The official website for Siacoin is sia.tech. 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.

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 presently possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView