Siacoin Price Tops $0.0072 on Major Exchanges (SC)

Siacoin (SC) traded up 0.7% against the U.S. dollar during the twenty-four hour period ending at 10:00 AM Eastern on May 29th. One Siacoin coin can now be purchased for approximately $0.0072 or 0.00000011 BTC on popular cryptocurrency exchanges. Siacoin has a total market cap of $410.40 million and approximately $4.70 million worth of Siacoin was traded on exchanges in the last day. In the last seven days, Siacoin has traded down 2.6% against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last day:

  • Bitcoin (BTC) traded 0.4% lower against the dollar and now trades at $67,675.59 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded up 1.2% against the dollar and now trades at $0.17 or 0.00000245 BTC.
  • Bitcoin Cash (BCH) traded down 0.3% against the dollar and now trades at $465.05 or 0.00687170 BTC.
  • Litecoin (LTC) traded 0.1% higher against the dollar and now trades at $83.20 or 0.00122946 BTC.
  • UNUS SED LEO (LEO) traded 2.7% lower against the dollar and now trades at $5.82 or 0.00008606 BTC.
  • Ethereum Classic (ETC) traded down 2.6% against the dollar and now trades at $30.37 or 0.00044880 BTC.
  • Monero (XMR) traded 0.4% lower against the dollar and now trades at $142.22 or 0.00210145 BTC.
  • Arweave (AR) traded 1.3% lower against the dollar and now trades at $38.70 or 0.00057185 BTC.
  • Bitcoin SV (BSV) traded 0.4% lower against the dollar and now trades at $62.15 or 0.00091837 BTC.
  • eCash (XEC) traded down 0.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Siacoin

Siacoin 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 57,320,925,000 coins and its circulating supply is 57,292,195,819 coins. 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. 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.”

Buying and Selling Siacoin

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

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