Siacoin (SC) Price Reaches $0.0048

Siacoin (SC) traded 0.7% higher against the US dollar during the twenty-four hour period ending at 12:00 PM ET on July 14th. One Siacoin coin can currently be purchased for approximately $0.0048 or 0.00000008 BTC on major cryptocurrency exchanges. Over the last week, Siacoin has traded 17.5% higher against the US dollar. Siacoin has a market cap of $275.82 million and $5.68 million worth of Siacoin was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded up 2.2% against the dollar and now trades at $59,999.58 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.3% against the dollar and now trades at $0.11 or 0.00000188 BTC.
• Bitcoin Cash (BCH) traded down 1% against the dollar and now trades at $369.29 or 0.00615621 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $5.80 or 0.00009673 BTC.
• Litecoin (LTC) traded down 0.7% against the dollar and now trades at $69.41 or 0.00115718 BTC.
• Ethereum Classic (ETC) traded up 1.4% against the dollar and now trades at $22.45 or 0.00037420 BTC.
• Monero (XMR) traded 1.3% lower against the dollar and now trades at $157.18 or 0.00262021 BTC.
• Arweave (AR) traded 1% higher against the dollar and now trades at $24.47 or 0.00040792 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 3.1% against the dollar and now trades at $40.86 or 0.00068120 BTC.

Siacoin Coin Profile

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 57,769,755,000 coins and its circulating supply is 57,740,361,723 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 Twitter account is @sia__foundation and its Facebook page is accessible here. Siacoin’s official website is sia.tech.

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

SC/USD price chart by TradingView