Siacoin Price Tops $0.0047 on Exchanges (SC)

Siacoin (SC) traded 2.7% lower against the U.S. dollar during the twenty-four hour period ending at 20:00 PM ET on October 30th. Over the last seven days, Siacoin has traded down 3% against the U.S. dollar. Siacoin has a market capitalization of $272.32 million and approximately $2.86 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can now be purchased for $0.0047 or 0.00000007 BTC on major exchanges.

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

• Bitcoin (BTC) traded down 0.5% against the dollar and now trades at $72,335.04 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.4% lower against the dollar and now trades at $0.17 or 0.00000232 BTC.
• Bitcoin Cash (BCH) traded down 4% against the dollar and now trades at $369.83 or 0.00511274 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $6.06 or 0.00008371 BTC.
• Litecoin (LTC) traded 2.9% lower against the dollar and now trades at $71.84 or 0.00099316 BTC.
• Monero (XMR) traded down 0.2% against the dollar and now trades at $162.04 or 0.00224011 BTC.
• Ethereum Classic (ETC) traded 0.2% higher against the dollar and now trades at $19.46 or 0.00026900 BTC.
• Arweave (AR) traded down 1.6% against the dollar and now trades at $16.64 or 0.00023003 BTC.
• Bitcoin SV (BSV) traded down 3% against the dollar and now trades at $50.66 or 0.00070033 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

Siacoin (CRYPTO:SC) 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 57,769,785,000 coins and its circulating supply is 57,740,391,700 coins. Siacoin’s official website is sia.tech. 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.

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 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 Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView