Siacoin (SC) Reaches One Day Trading Volume of $3.50 Million

Siacoin (SC) traded 3.4% lower against the U.S. dollar during the 24 hour period ending at 21:00 PM Eastern on October 31st. One Siacoin coin can now be purchased for approximately $0.0045 or 0.00000006 BTC on exchanges. Over the last seven days, Siacoin has traded 6.2% lower against the U.S. dollar. Siacoin has a market cap of $260.59 million and $3.50 million worth of Siacoin was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded down 3.3% against the dollar and now trades at $69,861.36 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.9% lower against the dollar and now trades at $0.16 or 0.00000231 BTC.
• Bitcoin Cash (BCH) traded down 4.1% against the dollar and now trades at $353.29 or 0.00505705 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $6.05 or 0.00008662 BTC.
• Litecoin (LTC) traded down 3.3% against the dollar and now trades at $69.19 or 0.00099033 BTC.
• Monero (XMR) traded 4.5% lower against the dollar and now trades at $154.23 or 0.00220763 BTC.
• Ethereum Classic (ETC) traded 4% lower against the dollar and now trades at $18.53 or 0.00026523 BTC.
• Arweave (AR) traded 6.6% lower against the dollar and now trades at $15.38 or 0.00022019 BTC.
• Bitcoin SV (BSV) traded up 0.9% against the dollar and now trades at $50.88 or 0.00072827 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch 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. 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 U.S. dollars. Investors seeking to trade Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. 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