Siacoin Trading Down 4.2% This Week (SC)

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

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

• 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 1.5% lower 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 1.7% lower 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 down 2.1% 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.

Siacoin Coin Profile

Siacoin (CRYPTO: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. 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.”

Siacoin Coin Trading

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

SC/USD price chart by TradingView