Siacoin (SC) Trading 5% Higher This Week

Siacoin (SC) traded down 3.8% against the U.S. dollar during the 24 hour period ending at 7:00 AM Eastern on May 19th. One Siacoin coin can currently be bought for approximately $0.0072 or 0.00000011 BTC on major cryptocurrency exchanges. During the last seven days, Siacoin has traded 5% higher against the U.S. dollar. Siacoin has a total market cap of $410.47 million and $4.60 million worth of Siacoin was traded on exchanges in the last 24 hours.

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

  • Bitcoin (BTC) traded 0.1% higher against the dollar and now trades at $67,183.68 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded down 2.5% against the dollar and now trades at $0.15 or 0.00000226 BTC.
  • Bitcoin Cash (BCH) traded down 0.3% against the dollar and now trades at $487.15 or 0.00725101 BTC.
  • Litecoin (LTC) traded 0.9% lower against the dollar and now trades at $83.48 or 0.00124262 BTC.
  • UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $5.91 or 0.00008794 BTC.
  • Ethereum Classic (ETC) traded 2.3% lower against the dollar and now trades at $28.18 or 0.00041950 BTC.
  • Arweave (AR) traded down 2.7% against the dollar and now trades at $46.47 or 0.00069162 BTC.
  • Monero (XMR) traded down 0.5% against the dollar and now trades at $134.99 or 0.00200929 BTC.
  • Bitcoin SV (BSV) traded 1% lower against the dollar and now trades at $66.53 or 0.00099024 BTC.
  • eCash (XEC) traded 1.8% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Siacoin Coin Profile

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch date was June 1st, 2015. Siacoin’s total supply is 57,277,935,000 coins and its circulating supply is 57,252,420,128 coins. Siacoin’s official website 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 currently 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 Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the exchanges listed above.

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