Siacoin 1-Day Volume Reaches $3.50 Million (SC)

Siacoin (SC) traded down 1.3% against the dollar during the 1 day period ending at 13:00 PM E.T. on October 30th. During the last week, Siacoin has traded 0.5% lower against the dollar. One Siacoin coin can currently be purchased for about $0.0048 or 0.00000007 BTC on major cryptocurrency exchanges. Siacoin has a market capitalization of $274.72 million and $3.50 million worth of Siacoin was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded down 1.1% against the dollar and now trades at $72,167.12 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 6.7% against the dollar and now trades at $0.17 or 0.00000232 BTC.
• Bitcoin Cash (BCH) traded down 3.6% against the dollar and now trades at $372.22 or 0.00515782 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $6.05 or 0.00008387 BTC.
• Litecoin (LTC) traded 1.8% lower against the dollar and now trades at $72.29 or 0.00100174 BTC.
• Monero (XMR) traded down 1.1% against the dollar and now trades at $162.86 or 0.00225671 BTC.
• Ethereum Classic (ETC) traded 1.2% higher against the dollar and now trades at $19.67 or 0.00027255 BTC.
• Arweave (AR) traded 3% lower against the dollar and now trades at $16.63 or 0.00023048 BTC.
• Bitcoin SV (BSV) traded down 3.9% against the dollar and now trades at $50.72 or 0.00070285 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

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. 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. 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 presently possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView