Siacoin (SC) Market Cap Hits $404.66 Million

Siacoin (SC) traded up 6.7% against the dollar during the 1-day period ending at 10:00 AM E.T. on November 26th. Siacoin has a market capitalization of $404.66 million and approximately $91.16 million worth of Siacoin was traded on exchanges in the last day. In the last seven days, Siacoin has traded 15.4% higher against the dollar. One Siacoin coin can currently be bought for $0.0070 or 0.00000008 BTC on major exchanges.

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

• Bitcoin (BTC) traded 2.3% lower against the dollar and now trades at $93,346.35 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.2% lower against the dollar and now trades at $0.38 or 0.00000412 BTC.
• Bitcoin Cash (BCH) traded down 3.8% against the dollar and now trades at $490.31 or 0.00525255 BTC.
• UNUS SED LEO (LEO) traded down 3% against the dollar and now trades at $8.14 or 0.00008719 BTC.
• Litecoin (LTC) traded 3.1% lower against the dollar and now trades at $91.33 or 0.00097835 BTC.
• Ethereum Classic (ETC) traded 6.5% lower against the dollar and now trades at $28.39 or 0.00030409 BTC.
• Monero (XMR) traded 4.6% lower against the dollar and now trades at $155.80 or 0.00166902 BTC.
• Bitcoin SV (BSV) traded 3.1% lower against the dollar and now trades at $65.82 or 0.00070507 BTC.
• Arweave (AR) traded down 8.6% against the dollar and now trades at $19.61 or 0.00021003 BTC.
• eCash (XEC) traded 3.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Siacoin Coin Profile

Siacoin (CRYPTO: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 57,769,785,000 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 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 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 Gemini, GDAX 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