Siacoin (SC) Market Cap Achieves $429.34 Million

Siacoin (SC) traded up 1.3% against the U.S. dollar during the 1 day period ending at 17:00 PM Eastern on April 28th. One Siacoin coin can now be bought for approximately $0.0075 or 0.00000012 BTC on popular cryptocurrency exchanges. Over the last seven days, Siacoin has traded down 4.7% against the U.S. dollar. Siacoin has a total market capitalization of $429.34 million and approximately $7.75 million worth of Siacoin was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 0.7% higher against the dollar and now trades at $63,637.01 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.8% against the dollar and now trades at $0.15 or 0.00000236 BTC.
• Bitcoin Cash (BCH) traded up 1.5% against the dollar and now trades at $480.18 or 0.00754555 BTC.
• Litecoin (LTC) traded 1.5% higher against the dollar and now trades at $85.22 or 0.00133912 BTC.
• UNUS SED LEO (LEO) traded down 1% against the dollar and now trades at $5.75 or 0.00009042 BTC.
• Ethereum Classic (ETC) traded up 4.8% against the dollar and now trades at $28.77 or 0.00045206 BTC.
• Arweave (AR) traded up 9.2% against the dollar and now trades at $36.78 or 0.00057791 BTC.
• Monero (XMR) traded up 4% against the dollar and now trades at $126.30 or 0.00198474 BTC.
• Bitcoin SV (BSV) traded 0.8% higher against the dollar and now trades at $67.35 or 0.00105840 BTC.
• eCash (XEC) traded 0.4% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Siacoin Coin 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 57,056,895,000 coins and its circulating supply is 57,030,149,879 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. 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.”

Siacoin Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to acquire Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView