Siacoin (SC) 24-Hour Trading Volume Tops $11.28 Million

Siacoin (SC) traded 1.3% higher against the dollar during the 1-day period ending at 21:00 PM ET on May 4th. One Siacoin coin can now be purchased for approximately $0.0073 or 0.00000011 BTC on popular exchanges. During the last seven days, Siacoin has traded 4.2% lower against the dollar. Siacoin has a market cap of $415.79 million and $11.28 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 0.8% higher against the dollar and now trades at $63,483.18 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 6.9% against the dollar and now trades at $0.16 or 0.00000252 BTC.
• Bitcoin Cash (BCH) traded 0.6% lower against the dollar and now trades at $461.17 or 0.00726442 BTC.
• Litecoin (LTC) traded down 1.5% against the dollar and now trades at $81.22 or 0.00127944 BTC.
• UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $5.83 or 0.00009177 BTC.
• Ethereum Classic (ETC) traded down 1.7% against the dollar and now trades at $26.73 or 0.00042111 BTC.
• Arweave (AR) traded up 1.7% against the dollar and now trades at $35.70 or 0.00056231 BTC.
• Monero (XMR) traded 2.1% lower against the dollar and now trades at $123.42 or 0.00194406 BTC.
• Bitcoin SV (BSV) traded 0.6% lower against the dollar and now trades at $64.70 or 0.00101910 BTC.
• eCash (XEC) traded up 0.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

About Siacoin

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It launched on June 1st, 2015. Siacoin’s total supply is 57,082,215,000 coins and its circulating supply is 57,056,045,522 coins. 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. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible 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.”

Siacoin Coin Trading

It is usually not 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 GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView