Siacoin (SC) Hits Market Capitalization of $378.60 Million

Siacoin (SC) traded down 3.5% against the US dollar during the 1 day period ending at 22:00 PM E.T. on April 18th. Siacoin has a market capitalization of $378.60 million and $12.32 million worth of Siacoin was traded on exchanges in the last day. In the last seven days, Siacoin has traded 29.8% lower against the US dollar. One Siacoin coin can currently be bought for about $0.0066 or 0.00000011 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 2.2% lower against the dollar and now trades at $60,178.26 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.9% lower against the dollar and now trades at $0.14 or 0.00000235 BTC.
• Bitcoin Cash (BCH) traded 3.7% lower against the dollar and now trades at $451.23 or 0.00749825 BTC.
• Litecoin (LTC) traded 4% lower against the dollar and now trades at $76.90 or 0.00127791 BTC.
• UNUS SED LEO (LEO) traded 1.6% lower against the dollar and now trades at $5.82 or 0.00009676 BTC.
• Ethereum Classic (ETC) traded down 4.2% against the dollar and now trades at $24.42 or 0.00040575 BTC.
• Monero (XMR) traded down 5.9% against the dollar and now trades at $111.53 or 0.00185335 BTC.
• Arweave (AR) traded 3.8% lower 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 Profile

Siacoin 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 57,014,865,000 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 official website for Siacoin is sia.tech. 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.”

Siacoin Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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