Siacoin Reaches Market Capitalization of $240.93 Million (SC)

Siacoin (SC) traded 0.2% higher against the US dollar during the 24-hour period ending at 14:00 PM E.T. on November 4th. Over the last week, Siacoin has traded down 8.5% against the US dollar. One Siacoin coin can now be purchased for approximately $0.0042 or 0.00000006 BTC on exchanges. Siacoin has a total market capitalization of $240.93 million and $4.33 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 1.3% lower against the dollar and now trades at $67,892.33 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 8.5% against the dollar and now trades at $0.16 or 0.00000233 BTC.
• Bitcoin Cash (BCH) traded 0.8% lower against the dollar and now trades at $333.96 or 0.00491803 BTC.
• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $6.05 or 0.00008912 BTC.
• Litecoin (LTC) traded 0.3% higher against the dollar and now trades at $66.21 or 0.00097510 BTC.
• Monero (XMR) traded 2.7% higher against the dollar and now trades at $160.13 or 0.00235817 BTC.
• Ethereum Classic (ETC) traded up 1.3% against the dollar and now trades at $17.87 or 0.00026323 BTC.
• Bitcoin SV (BSV) traded down 1% against the dollar and now trades at $45.61 or 0.00067164 BTC.
• Arweave (AR) traded down 1% against the dollar and now trades at $13.38 or 0.00019701 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

Siacoin is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It launched on June 1st, 2015. Siacoin’s total supply is 57,769,785,000 coins and its circulating supply is 57,740,391,700 coins. 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. Siacoin’s official website 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.”

Buying and Selling Siacoin

It is usually not currently 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 Gemini, GDAX or Coinbase. 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