Siacoin (SC) Price Tops $0.0016 on Exchanges

Siacoin (SC) traded up 7.2% against the dollar during the twenty-four hour period ending at 7:00 AM Eastern on January 4th. Siacoin has a market cap of $92.08 million and approximately $6.26 million worth of Siacoin was traded on exchanges in the last day. In the last week, Siacoin has traded up 8% against the dollar. One Siacoin coin can currently be purchased for about $0.0016 or 0.00000002 BTC on exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Arweave (AR) traded up 3.2% against the dollar and now trades at $3.96 or 0.00004345 BTC.
• Bitcoin (BTC) traded 1.8% higher against the dollar and now trades at $91,252.31 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 6.7% against the dollar and now trades at $0.15 or 0.00000166 BTC.
• Bitcoin Cash (BCH) traded 2.1% higher against the dollar and now trades at $648.63 or 0.00710813 BTC.
• Zcash (ZEC) traded down 0% against the dollar and now trades at $508.02 or 0.00556719 BTC.
• UNUS SED LEO (LEO) traded 3.4% lower against the dollar and now trades at $8.93 or 0.00009781 BTC.
• Monero (XMR) traded up 1.9% against the dollar and now trades at $435.68 or 0.00477442 BTC.
• Litecoin (LTC) traded 1.4% higher against the dollar and now trades at $82.49 or 0.00090394 BTC.
• Ethereum Classic (ETC) traded up 3.2% against the dollar and now trades at $12.79 or 0.00014018 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

SC is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch date was June 6th, 2015. Siacoin’s total supply is 62,217,525,676 coins and its circulating supply is 56,025,636,522 coins. The official website for Siacoin is sia.tech. 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. 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 currently possible to buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView