Siacoin (SC) 24 Hour Trading Volume Hits $14.37 Million

Siacoin (SC) traded up 2.3% against the U.S. dollar during the 24-hour period ending at 22:00 PM Eastern on April 24th. Siacoin has a total market cap of $459.28 million and approximately $14.37 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can now be purchased for approximately $0.0081 or 0.00000013 BTC on popular exchanges. Over the last week, Siacoin has traded up 15.9% against the U.S. dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 3.8% lower against the dollar and now trades at $64,312.77 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 6.2% against the dollar and now trades at $0.15 or 0.00000237 BTC.
• Bitcoin Cash (BCH) traded 5.4% lower against the dollar and now trades at $482.19 or 0.00749754 BTC.
• Litecoin (LTC) traded 2.9% lower against the dollar and now trades at $83.39 or 0.00129656 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $5.77 or 0.00008971 BTC.
• Ethereum Classic (ETC) traded 7.1% lower against the dollar and now trades at $26.39 or 0.00041038 BTC.
• Arweave (AR) traded down 2.9% against the dollar and now trades at $33.23 or 0.00051663 BTC.
• Monero (XMR) traded down 3.5% against the dollar and now trades at $117.93 or 0.00183367 BTC.
• Bitcoin SV (BSV) traded 4.7% lower against the dollar and now trades at $68.45 or 0.00106426 BTC.
• eCash (XEC) traded down 5.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Siacoin Profile

SC 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 57,039,645,000 coins and its circulating supply is 57,012,556,597 coins. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here. The official website for Siacoin 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, Coinbase 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