Siacoin (SC) Trading Up 2.8% Over Last 7 Days

Siacoin (SC) traded up 1.7% against the US dollar during the 1 day period ending at 11:00 AM Eastern on May 26th. Siacoin has a market capitalization of $421.03 million and approximately $6.25 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can currently be bought for approximately $0.0074 or 0.00000011 BTC on popular cryptocurrency exchanges. In the last seven days, Siacoin has traded up 2.8% against the US dollar.

Here is how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded up 0.1% against the dollar and now trades at $69,194.16 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1% against the dollar and now trades at $0.17 or 0.00000244 BTC.
• Bitcoin Cash (BCH) traded down 0.8% against the dollar and now trades at $489.24 or 0.00706798 BTC.
• Litecoin (LTC) traded down 0.3% against the dollar and now trades at $84.68 or 0.00122341 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $5.96 or 0.00008610 BTC.
• Ethereum Classic (ETC) traded up 2.6% against the dollar and now trades at $32.46 or 0.00046891 BTC.
• Monero (XMR) traded up 1.1% against the dollar and now trades at $143.30 or 0.00207019 BTC.
• Arweave (AR) traded 2% lower against the dollar and now trades at $39.60 or 0.00057217 BTC.
• Bitcoin SV (BSV) traded down 0.4% against the dollar and now trades at $63.71 or 0.00092035 BTC.
• eCash (XEC) traded down 1.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Siacoin Profile

SC 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 57,308,085,000 coins and its circulating supply is 57,282,128,728 coins. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here. 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.

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.”

Buying and Selling Siacoin

It is usually not presently possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView