Siacoin (SC) Price Tops $0.0044 on Exchanges

Siacoin (SC) traded down 8.7% against the US dollar during the 1-day period ending at 16:00 PM Eastern on August 3rd. During the last seven days, Siacoin has traded 17% lower against the US dollar. Siacoin has a market capitalization of $256.61 million and approximately $5.06 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can now be bought for $0.0044 or 0.00000007 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 3.9% lower against the dollar and now trades at $60,459.67 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.6% lower against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded 9.3% lower against the dollar and now trades at $358.59 or 0.00593112 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $5.67 or 0.00009378 BTC.
• Litecoin (LTC) traded down 3.4% against the dollar and now trades at $63.19 or 0.00104522 BTC.
• Ethereum Classic (ETC) traded 6.1% lower against the dollar and now trades at $19.33 or 0.00031972 BTC.
• Monero (XMR) traded down 6.5% against the dollar and now trades at $150.17 or 0.00248379 BTC.
• Arweave (AR) traded 8.2% lower against the dollar and now trades at $22.51 or 0.00037223 BTC.
• Bitcoin SV (BSV) traded down 5.8% against the dollar and now trades at $42.14 or 0.00069705 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

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

Buying and Selling Siacoin

It is usually not presently possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. 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