Siacoin Market Cap Tops $288.68 Million (SC)

Siacoin (SC) traded up 16.3% against the dollar during the 1 day period ending at 23:00 PM Eastern on July 10th. Siacoin has a total market capitalization of $288.68 million and $129.35 million worth of Siacoin was traded on exchanges in the last 24 hours. Over the last week, Siacoin has traded up 15.1% against the dollar. One Siacoin coin can currently be bought for about $0.0050 or 0.00000009 BTC on major cryptocurrency exchanges.

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

  • Bitcoin (BTC) traded up 0% against the dollar and now trades at $57,880.34 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded up 1.1% against the dollar and now trades at $0.11 or 0.00000187 BTC.
  • Bitcoin Cash (BCH) traded up 2.9% against the dollar and now trades at $341.98 or 0.00590844 BTC.
  • UNUS SED LEO (LEO) traded 2.4% lower against the dollar and now trades at $5.71 or 0.00009869 BTC.
  • Litecoin (LTC) traded 3.4% higher against the dollar and now trades at $67.20 or 0.00116109 BTC.
  • Ethereum Classic (ETC) traded up 1.1% against the dollar and now trades at $20.99 or 0.00036268 BTC.
  • Monero (XMR) traded 2.2% higher against the dollar and now trades at $158.44 or 0.00273729 BTC.
  • Arweave (AR) traded 3.7% higher against the dollar and now trades at $22.88 or 0.00039526 BTC.
  • NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
  • Bitcoin SV (BSV) traded 2% higher against the dollar and now trades at $38.11 or 0.00065845 BTC.

Siacoin Profile

Siacoin (CRYPTO:SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its genesis date was June 1st, 2015. Siacoin’s total supply is 57,767,055,000 coins and its circulating supply is 57,737,768,033 coins. The official website for Siacoin 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.”

Buying and Selling Siacoin

It is usually not presently 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 Changelly, 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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