Siacoin (SC) Market Capitalization Tops $255.74 Million

Siacoin (SC) traded up 5.7% against the US dollar during the 1 day period ending at 23:00 PM ET on November 5th. During the last week, Siacoin has traded 7.7% lower against the US dollar. Siacoin has a total market cap of $255.74 million and $6.22 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can currently be purchased for $0.0044 or 0.00000006 BTC on popular exchanges.

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

• Bitcoin (BTC) traded 9% higher against the dollar and now trades at $74,313.74 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 30.4% higher against the dollar and now trades at $0.21 or 0.00000285 BTC.
• Bitcoin Cash (BCH) traded 9.8% higher against the dollar and now trades at $363.87 or 0.00489642 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $6.05 or 0.00008139 BTC.
• Litecoin (LTC) traded up 3.9% against the dollar and now trades at $68.93 or 0.00092760 BTC.
• Monero (XMR) traded 0.2% lower against the dollar and now trades at $159.46 or 0.00214581 BTC.
• Ethereum Classic (ETC) traded up 7.2% against the dollar and now trades at $19.12 or 0.00025726 BTC.
• Bitcoin SV (BSV) traded up 10.6% against the dollar and now trades at $50.50 or 0.00067962 BTC.
• Arweave (AR) traded up 11.2% against the dollar and now trades at $14.63 or 0.00019693 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

Siacoin (CRYPTO:SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It launched on June 1st, 2015. Siacoin’s total supply is 57,769,785,000 coins and its circulating supply is 57,740,391,700 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.”

Siacoin Coin Trading

It is usually not currently 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, Coinbase or Gemini. 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