Siacoin Price Reaches $0.0078 on Exchanges (SC)

Siacoin (SC) traded down 0.9% against the U.S. dollar during the 1 day period ending at 0:00 AM ET on April 23rd. One Siacoin coin can now be bought for approximately $0.0078 or 0.00000012 BTC on popular exchanges. During the last week, Siacoin has traded 9.8% higher against the U.S. dollar. Siacoin has a market capitalization of $447.38 million and $9.79 million worth of Siacoin was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 0.2% against the dollar and now trades at $66,684.30 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.9% against the dollar and now trades at $0.16 or 0.00000243 BTC.
• Bitcoin Cash (BCH) traded down 1.2% against the dollar and now trades at $507.87 or 0.00761607 BTC.
• Litecoin (LTC) traded 1.7% higher against the dollar and now trades at $86.18 or 0.00129238 BTC.
• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $5.76 or 0.00008645 BTC.
• Ethereum Classic (ETC) traded up 0.2% against the dollar and now trades at $28.20 or 0.00042293 BTC.
• Monero (XMR) traded 0.6% higher against the dollar and now trades at $121.17 or 0.00181710 BTC.
• Arweave (AR) traded 2.8% lower against the dollar and now trades at $33.62 or 0.00050411 BTC.
• Bitcoin SV (BSV) traded 0.3% lower against the dollar and now trades at $71.75 or 0.00107599 BTC.
• eCash (XEC) traded down 0.5% against the dollar and now trades at $0.0001 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 57,036,345,000 coins and its circulating supply is 57,009,267,135 coins. The official website for Siacoin is sia.tech. 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.

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

SC/USD price chart by TradingView