Siacoin (SC) Hits 24 Hour Trading Volume of $6.22 Million

Siacoin (SC) traded up 5.7% against the dollar during the one day period ending at 23:00 PM E.T. on November 5th. One Siacoin coin can now be bought for approximately $0.0044 or 0.00000006 BTC on major exchanges. Siacoin has a total market capitalization of $255.74 million and approximately $6.22 million worth of Siacoin was traded on exchanges in the last 24 hours. In the last week, Siacoin has traded 7.7% lower against the dollar.

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

• Bitcoin (BTC) traded up 9% 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 down 0% against the dollar and now trades at $6.05 or 0.00008139 BTC.
• Litecoin (LTC) traded 3.9% higher 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 10.6% higher against the dollar and now trades at $50.50 or 0.00067962 BTC.
• Arweave (AR) traded 11.2% higher against the dollar and now trades at $14.63 or 0.00019693 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

Siacoin 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. 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. The official website for Siacoin 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.”

Siacoin Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to acquire Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView