Siacoin Market Capitalization Achieves $238.39 Million (SC)

Siacoin (SC) traded up 1% against the U.S. dollar during the 24 hour period ending at 14:00 PM Eastern on September 7th. In the last seven days, Siacoin has traded 3.3% lower against the U.S. dollar. One Siacoin coin can currently be purchased for about $0.0041 or 0.00000008 BTC on exchanges. Siacoin has a market cap of $238.39 million and approximately $3.18 million worth of Siacoin was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 1.2% higher against the dollar and now trades at $54,237.95 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.6% against the dollar and now trades at $0.0950 or 0.00000175 BTC.
• Bitcoin Cash (BCH) traded up 0.8% against the dollar and now trades at $300.44 or 0.00553937 BTC.
• UNUS SED LEO (LEO) traded 2% lower against the dollar and now trades at $5.40 or 0.00009952 BTC.
• Litecoin (LTC) traded 1.3% lower against the dollar and now trades at $62.67 or 0.00115549 BTC.
• Monero (XMR) traded down 0.7% against the dollar and now trades at $168.65 or 0.00310945 BTC.
• Ethereum Classic (ETC) traded up 0.8% against the dollar and now trades at $17.57 or 0.00032387 BTC.
• Arweave (AR) traded 1.1% lower against the dollar and now trades at $20.30 or 0.00037435 BTC.
• Bitcoin SV (BSV) traded up 0.1% against the dollar and now trades at $44.42 or 0.00081901 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

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 57,769,785,000 coins and its circulating supply is 57,740,391,700 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.”

Buying and Selling Siacoin

It is usually not currently possible to purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to acquire Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. 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