Siacoin (SC) Hits 24 Hour Trading Volume of $6.63 Million

Siacoin (SC) traded 1.8% higher against the U.S. dollar during the 1 day period ending at 16:00 PM ET on May 26th. Siacoin has a market cap of $422.35 million and $6.63 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can currently be bought for $0.0074 or 0.00000011 BTC on major exchanges. During the last week, Siacoin has traded 3.3% higher against the U.S. dollar.

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

• Bitcoin (BTC) traded down 0.6% against the dollar and now trades at $68,763.15 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1% against the dollar and now trades at $0.17 or 0.00000244 BTC.
• Bitcoin Cash (BCH) traded down 1.9% against the dollar and now trades at $483.68 or 0.00703396 BTC.
• Litecoin (LTC) traded down 1.2% against the dollar and now trades at $83.90 or 0.00122006 BTC.
• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $5.98 or 0.00008694 BTC.
• Ethereum Classic (ETC) traded 2.3% higher against the dollar and now trades at $32.26 or 0.00046912 BTC.
• Monero (XMR) traded 1.3% higher against the dollar and now trades at $143.34 or 0.00208451 BTC.
• Arweave (AR) traded down 3.9% against the dollar and now trades at $38.57 or 0.00056096 BTC.
• Bitcoin SV (BSV) traded down 0.5% against the dollar and now trades at $63.63 or 0.00092540 BTC.
• eCash (XEC) traded 2.6% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Siacoin Profile

Siacoin is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It was first traded on June 1st, 2015. Siacoin’s total supply is 57,309,075,000 coins and its circulating supply is 57,283,111,741 coins. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. Siacoin’s official website is sia.tech. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible 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 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 GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView