Siacoin (SC) Hits Market Capitalization of $378.60 Million

Siacoin (SC) traded down 3.5% against the dollar during the 24-hour period ending at 22:00 PM E.T. on April 18th. One Siacoin coin can currently be bought for $0.0066 or 0.00000011 BTC on popular cryptocurrency exchanges. Siacoin has a market cap of $378.60 million and approximately $12.32 million worth of Siacoin was traded on exchanges in the last day. Over the last seven days, Siacoin has traded down 29.8% against the dollar.

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

• Bitcoin (BTC) traded down 2.2% against the dollar and now trades at $60,178.26 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.9% against the dollar and now trades at $0.14 or 0.00000235 BTC.
• Bitcoin Cash (BCH) traded down 3.7% against the dollar and now trades at $451.23 or 0.00749825 BTC.
• Litecoin (LTC) traded down 4% against the dollar and now trades at $76.90 or 0.00127791 BTC.
• UNUS SED LEO (LEO) traded down 1.6% against the dollar and now trades at $5.82 or 0.00009676 BTC.
• Ethereum Classic (ETC) traded 4.2% lower against the dollar and now trades at $24.42 or 0.00040575 BTC.
• Monero (XMR) traded 5.9% lower against the dollar and now trades at $111.53 or 0.00185335 BTC.
• Arweave (AR) traded down 3.8% against the dollar and now trades at $23.07 or 0.00038343 BTC.
• Bitcoin SV (BSV) traded 4.5% lower against the dollar and now trades at $62.37 or 0.00103634 BTC.
• eCash (XEC) traded down 4.7% against the dollar and now trades at $0.0000 or 0.00000000 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 57,014,865,000 coins and its circulating supply is 56,988,978,592 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.”

Siacoin Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView