Siacoin Trading 7.6% Higher Over Last 7 Days (SC)

Siacoin (SC) traded 7.6% lower against the dollar during the one day period ending at 22:00 PM Eastern on November 24th. During the last seven days, Siacoin has traded 7.6% higher against the dollar. One Siacoin coin can now be purchased for $0.0025 or 0.00000015 BTC on cryptocurrency exchanges. Siacoin has a market capitalization of $132.15 million and $3.85 million worth of Siacoin was traded on exchanges in the last 24 hours.

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

  • Bitcoin (BTC) traded 1.4% lower against the dollar and now trades at $16,500.92 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded down 1.9% against the dollar and now trades at $0.0815 or 0.00000494 BTC.
  • Litecoin (LTC) traded 0.7% higher against the dollar and now trades at $77.57 or 0.00470066 BTC.
  • UNUS SED LEO (LEO) traded 7.7% lower against the dollar and now trades at $3.91 or 0.00023668 BTC.
  • Ethereum Classic (ETC) traded down 3% against the dollar and now trades at $19.96 or 0.00120947 BTC.
  • Monero (XMR) traded up 0.6% against the dollar and now trades at $135.99 or 0.00824148 BTC.
  • Bitcoin Cash (BCH) traded 0.8% lower against the dollar and now trades at $114.66 or 0.00694840 BTC.
  • DEI (DEI) traded down 5.1% against the dollar and now trades at $0.28 or 0.00001667 BTC.
  • Pax Dollar (USDP) traded 0.9% lower against the dollar and now trades at $1.00 or 0.00006055 BTC.
  • Bitcoin SV (BSV) traded down 1.8% against the dollar and now trades at $39.43 or 0.00238972 BTC.

Siacoin Profile

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 52,573,702,991 coins. The official website for Siacoin is sia.tech. Siacoin’s official Twitter account is @skynetlabs 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, “Sia is an actively developed decentralized storage platform. Users all over the world contribute disk storage from their┬ácomputers 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.”

Buying and Selling Siacoin

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the exchanges listed above.

Receive News & Updates for Siacoin Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Siacoin and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.