Siacoin (SC) Price Tops $0.0012 on Exchanges

Siacoin (SC) traded up 0.3% against the US dollar during the twenty-four hour period ending at 7:00 AM Eastern on February 17th. Over the last week, Siacoin has traded 2.9% higher against the US dollar. One Siacoin coin can currently be purchased for about $0.0012 or 0.00000002 BTC on major exchanges. Siacoin has a total market cap of $67.99 million and approximately $4.59 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded 0.3% higher against the dollar and now trades at $2.02 or 0.00002965 BTC.
• Bitcoin (BTC) traded 2.5% lower against the dollar and now trades at $68,045.24 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.7% against the dollar and now trades at $0.0991 or 0.00000146 BTC.
• Bitcoin Cash (BCH) traded 0.4% higher against the dollar and now trades at $561.52 or 0.00825217 BTC.
• UNUS SED LEO (LEO) traded 2.4% higher against the dollar and now trades at $8.69 or 0.00012764 BTC.
• Monero (XMR) traded 0.8% higher against the dollar and now trades at $331.67 or 0.00487431 BTC.
• Zcash (ZEC) traded down 1.3% against the dollar and now trades at $291.93 or 0.00429016 BTC.
• Litecoin (LTC) traded 1.7% higher against the dollar and now trades at $54.87 or 0.00080637 BTC.
• Ethereum Classic (ETC) traded 0.3% lower against the dollar and now trades at $8.68 or 0.00012759 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

Siacoin is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It was first traded on June 5th, 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. 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 @siafoundation and its Facebook page is accessible here. The official message board for Siacoin is sia.tech/blog.

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 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 Changelly, Gemini or GDAX. 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